Salt Lake Tribune | 1916-12-28 | Page 10 | Stock Market Dealings Show Uniformity in Tone

STOCK MARKET DEALINGS SHOW UNIFORMITY IN TONE Trading Embraces a Large Number of Issues; European Eu-ropean Influence Not Directly Felt; Mexican Affairs Have Reactionary Tendency. NEW YORK. Dec. 37. Trading in securities today differed in no important im-portant essential from the preceding session, except that dealings embraced em-braced a large number of issues with greater uniformity of tone. European Euro-pean conditions seemed to exert little direct di-rect infiuerce, but Mexican affairs contributed con-tributed to the recationary tendency of stocks whose Interests are bound up in the destinies of that country. Absence of public inquiry, except in some of .he investment stocks, tended greatly to curtail operations. Business during the intermediate session was attended at-tended by frequent intervals of absolute apathy, with occasional bear attacks upon the more volatile specialties, particularly motors and allied issues. Marines Take Brace. Mercantile marines, weak features of the previous day, hardened on visible or circumstantial reports that England's proposed control over shipping would not necessarily imply any change in the probable dividend action of the company. Other shipping stocks were strong. Atlantic. At-lantic. Gulf & West Indies adding, at best quotations. 4li points to yesterday's yester-day's substantial gain. Industrials were in fair demand. United States Steel making a gross advance ad-vance of 1-V with 2 to 4 points in others of the same class. Equipments and metals also averaged 1 to 3 points, with sugars, papers and the usual less representative rep-resentative special ties. Papers were favorably fa-vorably Influenced by the increase in the dividend on International Paper preferred. pre-ferred. Rail Prices Recede. Rails suffered from further neglect during dur-ing the forenoon, but strengthened later, Chion Pacific. New York Central, Southern South-ern Railway and Rock Island leading that division. Prices receded very generally toward the close. Union Pacific was first among the important im-portant transportation systems to submit sub-mit November returns, with net earnings showing a net gain of almost $SJO,000. Total sales of stocks aggregated $70,-000 $70,-000 shares, United States Steel contributing contribut-ing more than Its quota. There was a further shading of foreign ; or international bonds, the Anglo-French 5s and Paris 6s being distinctly heavy. Total sales, par value. $3,345,000. United States bonds were unchanged on . call.