Salt Lake Tribune | 1918-04-24 | Page 14 | Industrials are Erratic in a Haphazard Market

Industrials are erratic in a haphazard market Promises of Gains Do Not Materialize; Coppers Alone Show Sustained Strength in Day's Trading. NEW YORK, April 23. The Strength of rafls gave promise at the opening of today's stock market of general improvement, improve-ment, but this proved of brief duration, the entire list, coppers excepted, later reversing its course on steady offerings of leaders, especially industrials. Gains iji the metal group and a few specialties ere retained in part, but elsewhere pools abandoned their bullish tactics; The lull In the war. disturbing conditions in Mexico and several unfavorable statements state-ments of earnings discouraged public interest, in-terest, incidentally furnishing the shorts with fresh ammunition. Dealings were on a reduction scale, such Issues as Distillers' Securities, Inspiration In-spiration and Anaconda Coppers, Stude-baker, Stude-baker, Baldwin Locomotive and Central Leather contributing largely to the turnover. turn-over. Central Leather made an extreme decline of M points following publication of its quarterly report disclosing an enormous enor-mous shrinkage in earnings, and Nevada Consolidated Copper's annual report was likewise disappointing. Persistent pressure against United States HeeI, at an extreme loss of a point, was a potent factor In the reaction. Offerings of steel were largest on the decline and affected related Issues to an equal or greater extent. Final prices were at lowest quotations, in the main. Sales amounted to 460,000 shares. Bonds were firmer on the whole than the stock list, alt hough Liberty issues varied. French municipals were active I and strong, but Toltio 5s yielded 1M points. Total sales, par value, aggregated aggre-gated $5,250,000. United States bonds, old Issues, were unchanged on call, registered 4s advancing ad-vancing on sales.