Salt Lake Telegram | 1927-03-06 | Page 26 | Financial Review for Past Week

Financial Review For Past Week NEW EW TOfu March 5 By the AssocIated Press The Abrupt halting ot of tie tie bull bul movement In stock prices which had been under underway underway way for tot five tle weeks was the most development In this weeks week's marl markets ets While the reaction was generally regarded as a natural correction of of an overbought overbought over over- bought speculative position mat mat- mar mar- ket observers were of oC the opinion that the next general trend would depend upon the course of spring business which at present appears to be spotty Trad Trading ng in bonds quieted down considerably but Prices held steady New offerings were unusually large for or this period ot of the year with wih negotiations reported Pending for tot some unusually large foreign and domestic loans Credit conditions were regarded as unusually easy In view ot of the imminence of tax payments payments pay pay- ments and Increasing spring demand de- de mand ot of business The commodity markets gave fur fur- ur- ur thor proof prot that the veto ot of the McNary bill bi had been amply amply am- am ply discounted before the actual event took place Wheat prices rallied moderately on the removal ot of restrictions on futures trading but cotton prices showed little change on the week Stiffening tendencies were reported In some of the other othet commodity markets particularly par par- I nonferrous metals I