Salt Lake Tribune | 1919-11-01 | Page 16 | General Securities Gain despite Strike Situation

GENERAL SECURITIES GAIN." i DESPITE STRIKE SITUATION Shares iWost Seriously Affected by Walkout Dominate Market; Many Stocks Reach New High Levels. NEW YORK. Oct. 31. Disregarding the more critical aspects of the labor situation, as suggested sug-gested by the threatened walkout of the bituminous bitu-minous coal miners tonijrut. slocks were again pushed forward today, tho turnover being th most extensite, with one exception, of tnc i month. Steels. equipments and affiliated shares, whose productive capacity would be most seriously seri-ously affected by a protracted suspension of operations at the mines, dominated the niarkrt to a Blester degree than at any recent period. These issues, almost as a, whole, soared to highest levels of the current movement. In a number of noteworthy Instances new raiiii-mumfi, raiiii-mumfi, not only for the year, but for all previous pre-vious periods, were registered. The market displayed remarkable stability throughout, reacting only moderately in the final dealings, when call loans rose to 10 per cent, the highest rate iu many weeks, and 10 per cent over t!ie initial quotation. Foremost features locluded Republic Iron, which retained tbe greater part of its 13-point advance: Lackawanna and Gulf States Steels, at estreme gains of eight points; Pressed SU-il Cur, five, and others of that group two to four. United States Steel, however, eased at the close. Baldwin I-ocomotie led the equipments, though forfeiting part of its .ix-poiut rise, and several of the less prominent shares of , that division, notably Worthing ton Pump, Oils j Elevator nnd Chicago Pneumatic Tool, made gross gains of five to twelve points. Shippings; Republic and Stutz. Motors. 1'nited States Rubber, Ainericau Woolen. May Department Depart-ment Stores. International Paper, American Writing Paper, preferred, and Sugars, comprise the other outstanding stocks, advancing four to twenty points :it their bests, Sales amounted to 1.950,000 shares. Bonds were without especial features, though Irregular in the ranlu on smaller dealings. Total shares (par value aggregated S13.375.UtX'. (ild luited Slates bonds were unchanged on call.