Salt Lake Tribune | 1917-12-30 | Page 48 | Constructive Ideas Encouraged on Curb

CONSTRUCTIVE IDEAS ENCOURAGED 0!i CURB The following digest of the financial news was received by J. A. Hogle & Co., 169 South Main street, yesterday, over their private wires: New York Stock Letter: There were constant variations in the price movements move-ments today, ' but the market, on the whole, gave good account of itself. Weekend Week-end realizing was in evidence in rather heavy volume, especially in some of the railroad issues and steel shares, but the manner in which offerings were absorbed lent much encouragement to those entertaining en-tertaining constructive ideas. Considering Consider-ing the rapid pace of the upward movement move-ment in the previous two sessions, today's to-day's check was but a natural sequence, although In some portions of the list, especially the motor shares, signs were discernible of renewal of bullish tactics on the part of interests who some time ago released a considerable portion of their long holdings. Sentiment in respect to the prospective investment situation seems to have undergone a marked change for tlie better, bet-ter, die primarily to the expectations of a brighter future than heretofore, for the transportations of the country, and it is quite probable that stock, market quotations quota-tions will reflect some in a further elevation eleva-tion in prices in the next week. Indications Indi-cations are that the product prices will continue at the level designated by the government some time ago for at least another three months. This Is also an encouraging factor so far as this Is in con j un c t i on wi th th e e ff ort s of th e a d -ministration to treat the carriers in liberal lib-eral fashion, and disc-loses the fact that business enterprise is to be encouraged and not otherwise. We are still of the opinion that stock market prices will work into higher levels. Wall street says that the next Liberty loan will be much easier to float because of return of investment confidence. Independent Alcohol earnings for 1917 are estimated to be equivalent to approximately approxi-mately S7S a share on common stock. Houston Oil company of Texas for year ended September 30, surplus $423-,317; increase, in-crease, S10S.SSS. Louisville & Nashville, January 1, $74,-2S0.646; $74,-2S0.646; increase. ?U, 121, 430. Washington: Tlie war industries board has practically agreed that prices for steel products already in force shall be continued until April 1 next and that no contracts shall be made for any period beyond that date, after which they will be subject to further revision or extension. exten-sion. T-his decision, if made, will be subject sub-ject to the approval of President Wilson. Bradstreet's says the business outlook for 191S is deemed encouraging, although by no means ultra-optimistic. "Twenty industrials 72.13. up 1.61. Twenty rails 79.S'j, up 1.46. It is understood that Westingliouse lias taken on a new line of government business busi-ness and that an important announcement will be made soon. Ohio Cities Gas dividend, 5 per cent on common.