Salt Lake Telegram | 1912-08-29 | Page 7 | Bank Rate Advance Hurts the Market

BANK RATE RT ADVANCE HURTS THE MARKET NEW NE YORK Aug 2 29 The he The advance In Inthe Inthe inthe the British Brish bank rate rato probably exercise an n adverse averse Influence over o today today's market mar mar- ket keto No pronounced pressure was wat shown pronounce presure Va however except In In the tobacco group Canadian Pacific VO was vas Inclined to retrieve further lt its itH recent decline Reading and Lehigh Valle Valie Valet reflected additional sell sen ing Loul Louisville Nash Nashville fell CeU a point pointon on probable postponement of dividend acton action Steel an and coppers copper were fractionally fractionally fraction fraction- ally aUy lower with some somo strength In Great Northern or ore Bonds Bonda were wert Irre Irregular lar Se-erl Se several low priced stocks Block weakened after midday but the general market was unaltered re Important stocks the stok were neglected In I last at half hair of or the tho theda da day but there was was wa moderate liquidation In minor shares Tho The market closed firm Some diver diver- Ion sion I wa was wa furnished In tho the last hour by Louisville Nashville which rose 2 points point before news of ot the proposed stock stok increase became known know This his gain was 08 soon lost however the stock tock gin falling sharply although other standard taUn Issues showed showe Improvement Stock List Close Cose Amalgamated Copp Copper r. r 87 American Beet Sugar 75 American Cotton Oil on 5 55 2 American Smelting and Coton Refining 8 Sil 87 J American Sugar Refining ReinInG American Telegraph and Telephone 1445 14 Ana Anaconda onda Mining Co Atchison lOl Atlantic Coast Couto Line Lino Lin 1442 1 Baltimore Batmore Ohio 1071 Brooklyn Rapid Transit DUb Canadian Pacific Pacific 2782 Chesapeake Ohio 82 Chicago Northwestern HU 1411 Chicago Milwaukee St. St Paul 1065 Colorado Fuel Fet and Iron 31 Colorado Cloro Southern bib Delaware Hudson Denver Rio Ro Grande Crande Erie Eric General Generl Electric 1821 Groat Grat Northern preferred Great Northern Ore Ora CUe Illinois Central Me 20 tan preferred International Harvester liar Har vester Veater 1211 Louisville Nashville 1751 1732 Missouri Pacific 38 MIssouri Kansas Kansa Texas Tex l J Lehigh hrh Valley 1691 1695 National Na Na- National tonal Lead Id 60 New York Central Central 1165 Norfolk Western 18 Northern Norther Pacific Pennsylvania 1241 14 Pee Peo Pe- Pe pies pie's Gas Gu 1161 1165 Pullman Palace Car Ca Reading 1702 1701 Rock Island Co 21 26 Rock Rok Island Iland Co preferred 52 Southern Pacific 1111 1115 11 Southern Souther Railway Union Pacific 1712 United States Steel United States Steel preferred Wabash Western Union 81 St St.