Salt Lake Tribune | 1917-11-23 | Page 12 | Course of Foreign Events Influences Stock Market

iCOURSi: OP FOReTgN EUchlTS INFLUENCES STOCK MARKET Specialties Advance 2 to 3 Points; Reaction Late in the Day on News From Italy. N1-;V YORK. Nov. Trading in. stO'.-ks tO'lay vHfl acain pi una niy in flu- ; en red by Hie course i'f foreign " events, j Krom an in ovular openin the market. liiirHf ned youfraliy. hut. mainly in ?pe- I cinlues, thosM advauriii" Z to 3 polnis. ln the ast hall' o h,- ses.-ion, when doalinRrf cliinini.-hed isihly. p, ires re- i acted - to 3 points, shippinus and steels poiiuin- ti:p way. The le versa I was ron-cum-nt with advices oi' a new Teutonic ot'feni-ive in Italy and another sliarp decline de-cline in exchange on Rome. Leaders fluctuated within a radius of 2 points. United States Steel's minimum of i''B and maximum of !'S Immiii-; typical ot the movement In industrials as well as rails. Reading- was theT only transportation transporta-tion issue to display strenETth. alihoush forfeiting the Greater part of Us 2-poiiit sain. Kurlj- activity centered around the speculative war shares whirh owe their oceasional prominence to pools or pro- fes.-iona! interests. Tenipnraiy strength m motor.-. Industrial Ah-ohol and Pis-liilers- Securities, occasioned hurried short eoveiitig. Sales of stocks amounted to .",9il,0iiii shares. Peclaratio.i uf the "extia" 31-) per cent dividend on Lackawanna .Steel and omission omis-sion of the recent "pvna" quarterly dis-I'u: dis-I'u: seinent of Brooklyn t'nion Gas became be-came known after the close of the market. .September returns of a number of railroads rail-roads disclosed another large gap between be-tween operating and net revenue, tlie la tier being less by almost $4,000,000 than in the corresponding month last year. The strength of francs was in striking contrast to the new minimum of $-i.l'5 for lires. Local money rates manifested increasing ease, but time rates held firm. Bonds were irregular wilii Liberty 4s at 97.06 to 98.20 and the e'-js to '.v?0 to 99. Total sales 'par value were $4, 525, 00. United Stales bonds, old issues, were unchanged 011 call.