Salt Lake Tribune | 1917-03-27 | Page 18 | War Shares Undergo Sharp Declines in Erratic Market

WAR SHARES UNDERGO SHARP DECLINES IN ERRATIC MARKET Offerings in Excess of Demand in Broad Trading; Trad-ing; Speculators Sell Freely During Unsettled Session. YORK. March 20. Offerings were most oft-n in p.t"ss of ric- j niaii-1 during today's broad trad- j i. ing in the stock market, the. not result being a number. of materia) declines. Fur pome reason he specula -ltive clement, seemed le.-s optimist!'' regard re-gard ing the effe'-t of war preparations and sold freely throughout the session. Pressure was at its height in the final pour, the lkjuidanon of that period being be-ing concurrent with wplprn advice indicating in-dicating serious crop deterioration and a drop in Ru.ian exchange, aorompunld oy rumors of a Teutonic drive on the eastern war front ar and mi-war shares registered extreme declines of 4 to x points, with prominent industrials, metals. motors oil?. Fhippines an,j raJ!f. The lp(SS spp etne specialties, ivith few ex'ceptjon fe away in eympathv. I'nited Mate? Stel which again chansed hands in manv targe individual blocks, fluctuated be-tween be-tween lig and Ullj closing at the. minimum, a n-t reversal of 2"i points. Het i'fhent Stel new stock also closed at its lowi-si. quotation of l"-"'. a loss of i1. points. Sin ppi tics wore ivreg uln r whti not hfavy, Marian making gross flecllnes of 2 to :; points, with t" 4 points for At-tnnfic. At-tnnfic. ;ulf W'et Indies, fiutc.j Fniit, and F'a'-ifV Mail, f.'entral Leather. International Inter-national Harvester and Indusl rial A Ico- hoi wpfp included among the other backward back-ward industrials. ! Trungconiinrntals and gra ngers were . hea iest of the rails. Canadian Pacific failing 41.; to IM'M, with an average of 2 points for Union PaHfiV, Southern Pa-'itic Pa-'itic nd St. Paul, while coalers yielded 2 to point?. Isolated strength in ' several utilities and specialties was attributed to pool activities, ac-tivities, Ohio Gas featuring the few strongest sto ks at an extreme advance of 122 points to 134. Total sales amounted amount-ed to 860.000 shares. Bonds were inclined to ease slightly on moderate dealings. Total sales. par value. ?2,5fin,000. United States bonds, unchanged on call.