Salt Lake Tribune | 1919-12-28 | Page 31 | Rails Drag in Market that Registers Many Advances

RAILo DRAG IN MARKET THAT RlGistero mm advances Opposition of Organized Labor to Pending Legislation Leg-islation Blamed for Heaviness and Irregularity Irregular-ity of Transportation Securities. NKW i-y'tllC, Tleo. ST. M'llh tho exception excep-tion of rails, whlih wore Irregular or heavy on tho opopsltiou of oiKanlzcd la-I'or la-I'or to pendlnt; lej;i;ilatlon, (oday's .short hut active Block market roi;lsiored many accessions to -ester, lay's Lrnins. 1'ools and other professional Interests loroed liea-y eoverin.; by hears In several sev-eral of tile more speculative, issues, notably no-tably sleds and eiluilnneiits. Motors and their subsidiaries, particularly the rub. ber Kroup, a!:.o were slron and coppers rose on another udvame in the ps io of American Woolen was most ronsplc-tmus ronsplc-tmus of tile specialties at an extreme advance, ad-vance, of on, points, chemical, leather and a ft ilia I oil Issues maUliiK moderate .alus. Shippings wore less pro:i, incut, but maintained a steady to linn tone I with loh.'u'ros. Pales amounted to 7!iO,nno slia i'ch. The lively I i-ading In stocks extended to bonds, with slight linpiovemenl In Liberty issues. Si.vonil of the. convertible convert-ible railway issues rose from largo liar, tions lo Uu points. Total subs ipar .ilue) totaled 5 111, tlud. "mi. I'lld I'niteil Slates bonds Viere u India 11;.', oil on call dm uu: I ho i celt. An itiMioas!- of about S'.'O, onn in actual ac-tual reii..rv,s which .ancelcl last week's deficit, was the only noteworthy feature, of lliu bank slaloiuont, aside lrom a decrease de-crease of $tM,;iii'i,(l"ll in net demand deposits. de-posits. Weekly reviews of the commercial agencies referred to tho enormous holiday hol-iday trade and the great Industrial activity ac-tivity which in-crnpanics the advent of the now .war. The, unusual eomli t ions in tho steel and textile mark. Ms aro expected ex-pected to continue Indefinitely.