Salt Lake Tribune | 1917-09-23 | Page 35 | Stock Market Pauses in Recent Upward Movement

STOCK MARKET PAUSES IN-RECENT IN-RECENT UPWARD MOVEMENT Prices Are Sharply Depressed in Wall Street; Peace Talk Plays Part in Speculation. NEW YORK. Sept. 22. The stock market mar-ket paused today in its recent upward movement. Prices were depressed sharply sharp-ly at -the outset and, although a better inquiry developed later, especially for the railroads, the market was unsettled at the close by a renewed outburst of selling. sell-ing. Total transactions were 375,000 shares. Peace talk once more played a part in the course of the market. Bethlehem Steel sold down nearly IS points. The other steel shares also showed weakness, as did various copper and equipment issues. is-sues. Apart from the war stocks. the movement was confused, the outstanding feature beinpr the better demand for some of the railroads. Although the stock market was highly irregular during t'ne week, a better undertone un-dertone was apparent and for the first time in several weeks the most spirited and extensive movements were upward. There was less liquidation cf Investment shares and. after a period of depression early in the week, professional operations for 'the decline met with effective resistance. resis-tance. The progress of the war gave impetus to thp growth of a more hopeful feeling. The improvement in the Russian situation situa-tion was recorded as especially encouraging encourag-ing and the market for rubles held steady after the sharp recovery from the recent acute decline. Stock market trading continued to be centered in the industrials and the operations opera-tions were largely professional. Liberty bonds sold at a premium for the first time in several weeks. Bonds were easv. Total sales, par value. $1.5C0.00n. United States bonds were unchanged on "all for the week. Libert v bonds sold at r-n.fis to ioao:.