Salt Lake Tribune | 1918-06-11 | Page 12 | Business in Wall Street Shows Heavy Falling Off

IBU6INE88 IN WALL STREET i 6H0W8 HEAVY FALLING OFF Trading Is Restricted to the More Popular Issues, Is-sues, and Bullish Initiative Is Lacking. N"EV YORK. June 10. Transactions iu stocks today barely ass related 275.-000 275.-000 shares, the smallest turnover in almost al-most a month. Trading was restricted to tiie more popular issues and bullish initiative was lacking. Resumption of the German drive in the direction of Paris and indication of a continuance of enemy U-boats in near-by waters were the principal factors in giving giv-ing pau-e to the market. Domestic influences contributed to the general apathy, the decrease of about ("0.000 tons reported by the United Sta Les Steel corporation in unfilled orders or-ders for May somewhat exceed ins estimates. esti-mates. This makes the fourth successive succes-sive contraction since last January and reduces the corporation's bookings to the smallest total since the early part of lyiti. United States Steel moved listlessly within a narrow radius ar:d i-icscj at 1 point loss. Related stocks fluctuated in similar degree, but a few speculative issues, is-sues, including Sumatra Tobacco. Texas company and '.aid win Locomotive, re-couled re-couled variable gains. Rails were a negligible quantity, some of the hi i;li -snide shares remain ins i'1 complete obscurity throughout the session, ses-sion, but shippings were firm to strong. Marine preferred making an extreme sain of '24. points and Atlantic Gulf I5- (Jail money eased percept i bly on last week's strengthening- of bank reserves, and time funds tor the shorter periods were in better supply. Railway tonnage at western centers fell of slightly and business in those sections Is waiting on an expansion of .transportation facilities. Liberty bonds yielded part of last week s recovery and Paris 6s rallied, but other internationals were irregular. Total sales, par value, aggregated $051.000. did United States bonds were unchanged un-changed on call.