Salt Lake Tribune | 1917-03-31 | Page 16 | Stock Market Responds to General Optimism

'STOCK MARKET RESPONDS TO GENERAL OPTIMISM Issues Under Professional Control Register Material Mate-rial Gains; Industrials Are Firm. NEW YORK. March 30. Higher freight rates granted by the interstate inter-state commerce commission, predictions pre-dictions of additional advances in prices of finished bleed and iron and enormous hank clearings attesting to the expani"ri of general business were among the favorable, incidents which imparted occasional strength to today's Irregular mark.;!. r;:-..-at gains were again regis-t.M regis-t.M cd, howe vt-r, hy h locks under profes l wional eon t I'ol. Neut lalizing factors hich manifested I theniHclvt-s in the later operations included j reviews m' the crop siiuaiion by accepted j aui liui-ities, disclosing serious damage in j western and ?oni h western states, de-i de-i terioi'at ion in some Inst a nee a bei ng re-I re-I purled at as much as per cent. The I international crisis, as outlined in Ger-j Ger-j m;-i ny's reiteration of he-r submarine pul-icv, pul-icv, caused some con fusion of senll-! senll-! ment. 1 I'nited states Kteel figured to a much j smaller extent in the day's business, there ! being a marked absence of the usual large , individual dealings in that issue. From Its best price of H.VU, steel gradually : felt back over a point, but closed at 114 "si ! a net gain of 'i of a point. i i Bethlehem Steel, Sloss-Shef field Steel j a nil Virginia I:,n also scored extreme tains uf 2 to ;;'j points, but these were sui.n lost in part or whole. Other munitions muni-tions and eu uipniei.ts traversed a more nairow coine' with metals, leather and niir'or specialties. Shippings and motors were sold a fter brief uains witli ons and a few utilities. Wilson Pai kiin repeated its recent per- ! foi malice of ! is;:iig to a new record, gain- 1 ing Z points at MU. and Ohio Gas was ; among the day's musi active stocks at aj gioss advance uf 5 points to l.'J2,i. much j of which was ret ained. I Coalers were the foremost features of. the rail va v group, with Union Pacific, Atchison, New York Central, Southern Hallway and Rock Inland. Gains of 1 to 2 points were materially reduced in the selling of the laPt half hour. Total sales amounted to 5VJJ'00 shares. Nominal dealings in Teutonic exchange at yesterday's ((notations, with a hardening' harden-ing' of rates on Spain and the Scandinavian Scandi-navian countries, featured the market for European remittances. Bonds were lower with 1 to 2 points' deciine in Pennsylvania railroad issues. Total sales, par value, $2,S50,00f. United States bonds were unchanged on call. . .. . . -