Salt Lake Tribune | 1918-08-18 | Page 36 | Liberty Bonds are Featured on New York Stock Market

j LIBERTY BONDS ARE FEATURED ON NEW YORK STOCK MARKET Steady Buying of the 3i Per Cent Issue Overshadows Over-shadows All Other Securities at the Week-end Session. VEW YORK, AO.?. 17. Trading in Eton's, a for the greater parr, of i:a short week-end session w&s overshadowed by stf-ady huyinEf of IJVrty 2z, which foM at the hiKhesi quotation In history, closing clos-ing at Slirf). ;), against the previous maximum maxi-mum of Jlu0..'i0. Trad in tea In this Issue were relatively more extensive tha n in the -ks .nd 4 V h, which were barely steady. After the market's mar-ket's close, $100.60 was hid tor the o;.-i, with $101 asked. Important stocks continued to move within contracted limits, steels and investment in-vestment Issues showing variable recessions reces-sions at the cloee, Specialties ami other volatile stocks were less active, presumably as a result of restrictions imposed by the exchange, but General Motors retained much of its 2',4-point advance. Shippings were represented by Marine common and preferred, both closing at gains, hut coppers, tobac::o, oils and war accessories were hesitant, showing no decided de-cided trend on their occasional offerings-Canadian offerings-Canadian Pacific was the marked feature fea-ture of the railway division, declining" 1 Vt pointjj. Other rails were inclined to yield fractions. Sales amounted to luO.000 3h;i res. l-a&t week's heavy expansion of actual loans was offset by a decrease of 5-?, I T3.n, -000, member banks losing almost 511,000,-! 511,000,-! 000 in cash held by the local federal re-. re-. serve bank. Another decrease in excess reserves reduced the total of that item to little more than $;!0,00u0,000. Bonds as a whole- were Irregular on nominal tradings. Total sales, par value, aggregated J2, 875,000. CM United States bonds were unaltered on "a!l during the week. Final prices on Liberty honds were: Three and or.e-h.iifs. $! 00.5'). Fir.st convertible Is, $LM.'6. Srond Jfi, 90. ?irtt convertible 594.10. Second con vert ible 4 'iS, S3o.04. Third 4is. $90.52. D'jrin t lie ldit hour the bonds sold up to ?I00.50 and closed at Uiat I'rice. 'SEW YORK, Aug. 17. Stringent mony conditions accounted to a considerable degree de-gree for the week's cau tious trading in siocks, although a higher trend more often accompanied the lisht dealings. War news received I he most favorable construction and snerulatlve cliques doubtless would ha'e extended their bullish bull-ish commitments but for the lack of time funds. Investors faced the future with greater confidence, but the only outward manifestation mani-festation of demand from that quarter was seen in the steady- advance of Liberty Lib-erty 3 'As, which made the highest record since the time of their issue, attaining a premium of half of 1 per cent. Some of the more vital problems Inci-dent Inci-dent to the war are in process of solution solu-tion and no Interference is apprehended in connection with crop financing. Damage Dam-age to the- crops, especially in the south, has prompted greater caution by business interests at leading agricultural centers. International bankers reported very light demand for remittance to London and Paris, but rates on several of the neutral countries were more favorable to this market.