Salt Lake Tribune | 1917-02-22 | Page 12 | Declines Outnumber the Advances in Wall Street

DECLINES OUTNUMBER THE ADVANCES IN WALL STREET International Situation Perplexes the Speculators; Rails a Sustaining Influence on the Market. NEW YORK, Feb. 21. Declines outnumbered out-numbered advances in today's professional profes-sional market, which most often reflected the increasing perplexities arising from international conditions and the impending impend-ing holiday. Business during the forenoon fore-noon was fairly large and broad, hut the balance of the session was marked by a steady diminution of operations. Shippings were again materially affected af-fected by the further delay respecting their status, Mercantile Marines loing 1V4 to 3 points with over 4 for Atl; tic. Gulf & West Indies.' United States Steel at no time equalled its best quotation of the previous day and closed at 1 -0 S . a net Loss of Hi points. Related industrials, including Bethlehem Steel new stock and the "rights" thereto, declined over 2 points, and Gulf States Steel fell 6 points. Coppers Lower. Coppers, yesterday's strongest feature, were moderately lower, with equipments, motors, oils. Industrial Alcohol. Distillers' Securities, Central Leather ant American Woolen, while Ohio & Columbus gas forfeited for-feited part of the previous day's recoveries. recov-eries. Ralls were a sustaining influence to the extent that Reading at one time registered regis-tered a gain of 3U points, with 1 to 2 for other coalers and more minor shares, but standard issues like the trans-continentals and grangers, were dull and inclined in-clined to ease off. Among the less active utilities and specialties, spe-cialties, Montana Power registered a gain of 6 points, Brooklyn Tranist 23i, Consolidated Con-solidated Gas of Baltimore li and National Na-tional Enameling, on which dividends were resumed, 2 points. Total sales, 590,000 shares. Gold From Canada. Receipt of S2S.500.000 additional gold from Canada, of which $10,000,000 was acquired by the local federal reserve bank, was offset by moderate exports of the metal to Cuba and South America. More activity was manifested in the foreign exchange markets, remittances to Berlin reacting from yesterday's advance, with a new low record for lires at $7.33. Bonds were irregular. United Kingdom's showing further weakness and Southern Railway general 4s declining 2 points. Total sales, par value, 53,1S5,000. United States coupon 3s advanced per cent; registered and coupon 4s and Panama registered 3s, per cent, and Panama coupon 3s. 1 per cent on call.