Salt Lake Tribune | 1919-08-22 | Page 14 | Labor Conditions Affect Market

LABOR CONDITIONS AFFECT MARKET Information concerning the condition of and movements on the various mar- kets of the country as received over ape-I ape-I cial wire by J. A- Hogle & Co., is as follows: Twenty railroads, 78-60; off .1; twenty Industrials. 98.46; off 2.12. Speculative circles are occupied confidentially confi-dentially with discussion of labor situation situa-tion In the steel industry. Large element In the street expect no strike and look for arbitration. Important Impor-tant scale-buying1 Is noted in U. S. Steel common, with one group taking 1000 shares each, one-eighth down. Selling is believed to be largely for short account. ac-count. General opinion Is that speculation will center In the oil gToup. Oil and steel shares will be ignored during the crisis. The German minister of finance announces an-nounces the proposed new credit of nine billion marks to bear 2 per cent interest, repayable at 110 and redeemable in thirty years. Demand sterling, 4.18U. francs, 8.19; lire units, 9.62. Boston Osceola Mining company declared de-clared a quarterly dividend of ?1. the same as six months ago, payable September Septem-ber 30 on stock of record August 30. Boston Isle Royale Copper company declared de-clared a quarterly dividend of 60 cents, payable September 30, stock of record August 30. Stock flash ft a special meeting of the directors of the Industrial Alcohol company, it was resolved to call a special meeting of common stockholders on October Oc-tober 7 for the purpose of authorizing an increase of common capital stock of the company from twelve million to twenty-four twenty-four million dollars, and to further authorize au-thorize the sale of an additional 120,000 shares of common stock at $70 a share, giving common stockholders of the Alcohol company the right to subscribe to the additional stock, share for share, In proportion pro-portion to their holdings.