Salt Lake Tribune | 1918-12-20 | Page 18 | Securities Market Livens after Very Dull Forenoon

SECURITIES MARKET LIVENS AFTER VERT DULL FORENOON : Persistent Liquidation of Liberty Bonds and I Heavy Selling of High-grade Shares Occurs at Close. i NEW YOKK. Dee. 19. T.hn:; :n seciiri- ; ties during the greater part of today's s.'ssion 1 was dull to the point of stagnation, the stock I market itself be in? most, often over.-hiidrnved I by further persistent Uiuwlallon of Liberties. The condition e-iperieneed a tddden trans-ferma trans-ferma I ion in the fina I h'Hir. lieu heavy RiUt-hig RiUt-hig of high-grade fi wires, no la Idy r:i il. s eiU . over I he r toi-k market, effect ing c.vtreuie le-vrsals le-vrsals of 2 lo 4 poims. The nut pou ring of transport at in i-'ies w a s umu-i'omrMnied by ar.y fpla nation oilier than n statement i--ued by Direeluc tlcneml Mr-Ad'io Mr-Ad'io -vhieh Hgdin crnpliai.ed IJie possibilty of extending federal control over the railroads to five year?, Transactions in Liberty bonds attained enormous enor-mous proportions, the fourth 4 1 4 s contributing more than their usual quota at the new low record of 94.92. This represi nts n deprt eia- tion of about 3 ;, pr cut f ruin their initial i Hi t a I i'n on tiie stock c.charf;e. Yui'i"lis the.ui.s nere alai!ced in evplun.'V ihm of Ihe turiher break in the government's j latest it r rim a 1 it. 11. t ln-s bearinc ma inly en the cii-.ii i-eqnlrementF. of ciTiMfa 1 ions an I iu-s;iiuiiuns iu-s;iiuiiuns erl in ihe ere ins jear. This ihct'O lacked phuisihr.il . Ikmi ovt, ap call l"uns no id'Hiiful jl 4 to 41, p"r cent and buig-timo fmnir. were t r.-ely oifercd a t 5 ;i iter cent, a t- lis hi r'-tluet km from the ruling rul-ing r;i te (.f he past mont h. Anioir,' le;nMnt: stocks I nlM-1 Slates Steel made a better t hewing thr.n tit her iu.lustna it and erp.upniems. furf c i 1 i ng only a Puge fra'-Mon. Total kiKs of stocks aiuouulcil to -IW.UOP shares. Traction bond issued were havy with Liberty Lib-erty bonds, but t lie interna t inna I gnmp held steady. Total bales (par value) aggregated S20.3o0.peui. v Old 1'nited Slates Imnds nnelianged on call.