Salt Lake Tribune | 1918-09-22 | Page 32 | Upward Tendency is Noted in General Security List

lUPWARD TENDENCY 15 NOTED IM GENERAL SECURITY LI8T Belief in Stronger Investment Position in Some Quarters Emphasized by Bank Statement. NETV YpHS, Sept. CI. Continued strength U3 the fctort marker todaj, ilHistratod by a farther lipvard rio1 in prices, wss beld in boruc quarters quar-ters to reflect a stronger investment position. Tbe opioinn ra cmphaUtvd by Lho weekly banS bta foment, isisiwd after tlio ajartefs K'rong closo. The frtareraeot shOTved the cipected im-proi-cjDCDt in monetary conditions, the sarplua rcsorres haTinp increased $i0.5S0.9c4 durius the -vck. Ti5 cond't ion opfra td to the advn-t-.i n of struck oiohcnse Mrropro, foods boise more froety pijppUod dunns tlt -w-fclt. wku-h 3;;yfd an cipiinsiuu oi $t2.ti4S,0o0 m ilic Iojo e-rtiint. The nt-npo of tte biiying tnorrreeat was in-tc-prctod as imi'c.Uni: torof a. -cession of oat-si'lc oat-si'lc orders, wbir'i d trihntod to a wmprfl-lioDsire wmprfl-lioDsire adTaDe1 in sp'islrioa of I to 3 points. DfJiUnpw. bowfser. were larvolr of a irof-hiot;.i irof-hiot;.i chararfof, with more feDerai buyijip fnr the lo? and Fbort aoeotuat. Tho eluKsUbtress of lie railroads tp -iew of ttw demoostr3tl'"'D f fctrcneth eJsewberr was eons'idered disappoiot-.n- tr in'pstjnent interests. Sales amounted to H ft. ooo ihare;. Liberty bonds strcnK' henod after an early tn-tC3Y.il tn-tC3Y.il of heaviness while foreign issues mled j liiphT. Taj-is 6 apniD hrraktn. into new ground fnr t!te mrrrenjent 3 96 Vi- JTbr perroral bond mnrket was steady. Total sajs. pr value. ,3.075.Oj0. Unit-xl States bnr!s (old tjsocs) were un-cbsngl un-cbsngl on call, en the week. A situation wholly Inverse in character w-as reflected by the movement of price in the st'"ok market this week, as compared with the previous week. Instead of daily liquidation, j impelled by tbe w-Ub to rcspood to ROTernment j deiv6 that speculation be reduced to a minimum. mini-mum. cousTaji t bnyips was in cTidcnce, particu-!.vly particu-!.vly afrer the midweek, tiie Tery strictness with which Wall street abided by tin federal rrendntes had . wba 1 was de-scribod. ns house-elearias house-elearias effect heavy reduction of s-pocolalive accounts, with lack" of inclination on tbe part of professional interests to borrow money from ban its even had this capital boe.n nrarbble. Thip prorctti sei-ved to lufrrse the more healthful health-ful a traosphero sonpht by th )fcvemmeat and to leave the way clear for all inflDcnres of the cosromnry bullie'i charftcter tx exert themselves without beinp opposed by tbe axtlficLal restraint of tbe pTwiav week. These favorabJe lnfloenci?s were diiorslf iM. Trade eomi:1-ioru were improrod; money gnpplJes were more :ibtmdant; the prorpects for the forth-cooiiD5 forth-cooiiD5 Liberty loan were considered e.ioeUeot. Moreover, snpport was stiroulatevi by the pros-res pros-res of the :ilMed armies on both tho western and eastern fronts. The?e factors attracted oat-s-ide buyinff. ospeciaJly st the weekend.