Salt Lake Tribune | 1918-06-04 | Page 14 | Curb Steady despite Submarine Activity

CURB STEADY DESPITE SUBiKIlTY J. A. Hogle i: Co.. 169 South Main street, received the following digest of financial news over their private wires: Twentv industrials, 77.93 off .15; twenty rails, S2.65 off, .23. Ohio Cities Gas declared de-clared dividend of SI. 25 on preferred. Anaconda May production totalled 27.41'".-000 27.41'".-000 pounds copper as against 26,500.000 in April and 2. 000, 000 in March. Baldwin and Heading are being selected by well informed speculative channels, verv active and powerful in stock market operations, as favorable purchases. The floating supply of both has been materially mate-rially reduced according to specialists. New York Stock Letter: While the market held st.-ady. considering the ois-turbing ois-turbing re; orts on su., marines, still the buying in large par; appeared to represent repre-sent the retirement of short calls, wnereas a goodly percentage of selling was seem-inclv seem-inclv made bv tliose desirous of cc-ntraet-Ini Ion lii-ea until such tit: as tlii-military tlii-military situation is more reassuring and something more definite as to the probable prob-able extent of the tax levy which will be enacted into law at current session of congress. con-gress. Corporate u. imagers are ende ivor-ir.g ivor-ir.g at ti ls period to i:."iitfi the provable impairment to net earnings, unless there Is to he some compensation in frelg.it r.ite advances. The situation Is an unusual un-usual one arid would seem to call for a well protected posttion and taking advantage advan-tage of upturns, when dealing on the long side. , , New York Curb Letter: I nus'ial .arge dealings In trilled Motors, which advanced ad-vanced to later dr"l plug to when sub:r.ar!r.es were reported near tee coast. Chevrolet was firm, but broke to 1 '3 with the rest of market sl.ortly after n"c"jn Trading In mining sb"ks extremely extreme-ly quiet. Aetna soil at 14 dropped to H then ii'ivati'-cd above 14 on transactions trans-actions .' C shares, cos were strong in forenoon and u round mid lav and mane some rally later in day. Houston advanced ad-vanced to ,. Merrill sold at 2-4. clo-I,,.. clo-I,,.. ,11 There was im-riacd interest s:.ov.-n in outlook for B'g I.e. Ice, but there was no sut'plv around recent prevai ,ng pnees ami aoout the only transactions made were effe. ted on private lots. s. marine Boat w in not active, only a lew Hhar.s selling at 164. Wngnt Marfn was quiet, with a small amount o. business at 10 to 9V