Salt Lake Tribune | 1919-11-02 | Page 42 | Weekly Financial Review

Weekly Financial Review. NEW YORK, Nov. 1. Quoted values of manv stocks. Including the familiar speculative issues, is-sues, mounted tn new heights this week, regardless regard-less of the lobar crisis, sensational rates for call money and other unsettling factors Tsnding was more spectucular than in, the extravagant movements of the midyear In fact October established a record for dealings in stocks and bonds without parallel in fifteen years. Incidentally a seat on the stock exchange ex-change sold for $100,000, or about $4000 In excess ex-cess of any previous figure. Many new maximums were made hy stocks which a year apo were known as "war brides," but now are regarded as standard 'peace' lnd"strials. At intervals there were Indications of an expansion of the short Interest, Inter-est, but the aggressions of that faction were most often overcome. As h& been the eUse for months past, much of the trading wns traceable to interior sources which seem to be Independent of local financial assistance. The excellent quarterly statement of the United States Steal corporation corpora-tion drew attention to less prominent issues of like deseriptlon, these, together wi:h equipments, equip-ments, featuring a considerable part of tho week's enlarged business, Further weakness of foreign exchange, particularly par-ticularly to Italy and Germany, continued to react upon the more Important centers. Thus far the new British governmen; loan, which gives every promise of noeete, has had Utile effect toward strengthening sterling b!l!a in this market. New capital offerings for moderate amounts were readlty absorbed, but general investment conditions were not materially altered, the bond market manifesting no appreciable tendency 10 throw off Its lung prevailing heaviness.