Salt Lake Tribune | 1918-10-12 | Page 14 | Marked Activity Feature of Pre-Holiday Trading

MARKED ACTIVITY FEATURE OF PRE-HOLIDAT TRADING Speculative Interest Combines to Center in Shippings, Ship-pings, Oils, Motors and Better Known Equipments. . NEW TORK. Oct. ll.Kegrardless of Ibe approaching ap-proaching holiday, which ordinarily begets caution cau-tion and resultant covering of long contracts, trading in stocks today was altended by unusual un-usual activity and many substantial pains. Speculative interest continued to center in special issues, foremost among wh icli were the shippings, oils, motors and ihe better known equipments, including many war shares recently re-cently under severe pressure. Later The buying encompassed coppers, tobaccos, to-baccos, food shares and utilities, prominent among the latter being the gas and express company stocks. Bears attempted a drive against ihe market at midday, with I'nited States Steel as their chief objective. That stock rallied easily, however, how-ever, on a sweeping upward movement in rails, which registered numerous gross advances of 2 to almost 5 points. Canadian Pacific's rapid rise causing hurried cove. ring of 6horla. T'nited States Steel fluctuated between 10;'y and 10$. its final quotation of 1078 repre-seutios repre-seutios a net gain of a large fraction. Kindred shnres closed at gains of 1 to 2 points, but some of the greater advunces in shippings and oils were materially reduced. Marine preferred yielded all but a point of its 3" advance and Texas company and Mexican Mexi-can Petroleum forfeited much of their 3 to 4-point gains, specialties of the better grade scoring highest quotations in the active operations opera-tions of the last hour. Snles amounted to 840.000 shares. Irregular movements n;;ain capitalized quotations quota-tions for some 'of the allied exchanges, as well as remittances to neutral centers, Dutch rates showing further heaviness. Bonds were strong in the main, with an extension ex-tension of dealings in Liberty issues. Total sales, par value, aggregated $tO.S50.00Q. United Stntes o!d issues) declined per cent on call.