OCR Text |
Show SPECULATIVE ISSUES" SHOW NOTEWORTHY PRICE CHANGE Indications of Eastern Money Counteract Recent Unfavorable Influence; Trading, However, How-ever, Is Restricted. MV YORK, March 5. Indications of easier mcney and a less apprehensive view of the foreign situation served in part to i counteract recent unfavorable influences in today's wholly insignificant stock mar- ket. Dealings again were very liprht and j the only noteworthy changes occurred in the more speculative issues. For exam- j pie,- extreme gains of 2 to 5 points were registered by International Alcohol, Gen-) eral Motors." Baldwin Locomotive, the pe- troleums, Sumatra Tobacco, Utah Copper! and "Wilson Packing1, these resulting I largely from pressure. The small floating supply in some of these stocks made their rise easy of accomplishment. ac-complishment. Shippings were sustained in their 1 to 3 point gains by circumstantial circumstan-tial rumors of enlarged dividends and the strength of a few equipments was traceable trace-able to similar reasons. United States Steel moved within a 1-point radius, finishing at a gain of practically prac-tically a point. Iackavanna Steel, Crucible Cruci-ble Steel, and Republic Iron &. Steel were materially stronger, the-latter gaining; 3 points. -Trading in rails was at a minimum, some of the active issues remaining unquoted un-quoted throughout the session. Coalers displayed some animation, minor recessions reces-sions being recovered later. Sales amounted amount-ed to 2S5.000 shares. Call money fell to 2r2 Per cent after a large demand had been met at 5 and 4V4 per cent. A few short-time loans were reported re-ported at 6 per cent on prime collateral." Investment bonds yielded slightly to the accompaniment of a general movement in that quarter. Liberty issues continued to ease, especially the second 4s. Total sales, par value, aggregated S3. 123,000. United States bonds (old issues) were unchanged on call. |