Salt Lake Tribune | 1918-10-27 | Page 52 | Substantial Gains are Made by Stock List during Day

SUBSTANTIAL GAINS ARE MADE BY 6T0CKJJ8T DURING DAT Market Opens in Tentative Fashion, but Broadens Broad-ens as the Session Goes Toward the Close. NKAV XOitK, Oct. 26.Btorting in tentative fashion, today's stock market gradually broadened broad-ened and advanced in Tarious directions, closing strong, with a number of very substantial gains. Oils soon asserted tlieir recent supremacy, Mexican Petroleum leading at a gain of almost 13 points. Royal Dutch rising 14, and Texas company 3. Advances in the motors and subsidiaries ranged from '2 to 5 polnte, and shippings and metals were higher by 1 to 3 points, while South Porto Rico Sugar was prominent among tho inactivo . spt-cialties at a gain of 15. Ralls helped sustain the buoyant movement of the last half hour. Southern Pacific showing evidence of further substantial Absorption on Its jump of ZVi points. Union Pacific St. Paul preferred and Reading embraced the other strong transportations. United States Steel made a belated advance of X4 pointH In anticipation of next week's publication of tho third quarterly report, and independent in-dependent steels, including the munitions group, made similar g;iins, Utilities ware neglected except ex-cept for the strength of People's Gas and Ohio Ohk, but tobaccos and fertilizers shared materially ma-terially in the movement. Sales amounted to 350.00D shares, Bonds, Including internationals, were irregular, irregu-lar, except for firmness in Liberty 3Ub. Total sales (pa value) aggregated $3,775,000. Old United' States bonds were unchanged on call during the week.