Salt Lake Tribune | 1917-11-21 | Page 13 | Quoted Values Increase on Reputed Railway Proposal

QUOTED VALUES INCREASE ON REPUTED RAILWAY PROPOSAL Gross Gains Recorded in Leading Issues, With Well Sustained Recoveries All During Stock Market Session. NEW YORK, Nov. 20. The decision of the railway executives to place their interests in-terests with the government in the event of further labor difficulties and the more encouraging reports from abroad acted as a further stimulus to quoted values in the stock market today. Gross gains of 2 to almost 5 points In leading issues were well sustained, despite de-spite Intermittent realizing for profit. Shippings and standard equipments were the chief elements of strength with coppers cop-pers and kindred stocks. During the morning and in the last hour trading was more active and broader than at any time since t lie adoption of restrictive re-strictive measures by the stork exchange. Much of today's advance was made at the expense of the long-existent short interest. in-terest. United States Steel, relatively in the background recently, furnished much of the day's propulsion on its advance of 1 points to 96. the highest, quotation since the early pa rt of the motith. Other steels, notably Bethlehem, Crucible and LackawannH, as well as Republic Iron and Colorado Fuel, gained l1-: to Z points. Oils, motors, sugars and secondary equipments contributed measurably to the substantial net gains of the session, together to-gether with war specialties, in which pool activity was revived. Ralls were held back until the last hour bv occasional heaviness in Canadian Pacific, Pa-cific, Union Pacific and Delaware & Hudson, Hud-son, but tended higher as a group, low-grade low-grade nr reorganized shares reflecting a fair inquiry- Sales amounted to 765,000 shares. Most call loans were again made at 5 per ceni and time accommodations hardened har-dened for the longer dates. Foreign exchange ex-change was unaltered, except for the new low rate of $S.75 for lires.- Distinct improvement was shown by all classes of bonds. The Liberty 4s ranged from 97 to 97. SO. with greater activity in the 3Us at 99 to 99.22. Total sales, par value. aggregated $4,925,000. United States bonds, old issues, were unchanged on call.