Salt Lake Telegram | 1922-01-01 | Page 33 | Specialties Gain over Standards

SPECIALTIES TIES GAIN OVER STANDARDS No Features Develop in in Year-End Year Finances NEW YORK Dec 31 The The brief tradIng trading trading trad- trad Ing l period erod which marked the cl close se of Cf ct the year on the stock exchange developed developed developed devel devel- no special features Standard Issues both rails rais and industrials industrials Indus indus- trials once more moro gave way to specialties specialties specialties special special- ties some of or these being strong while others became Irregular or reactionary Reversals of one ono to two points among investment investment in vestment stocks were generally retrieved in tho the short covering of the final hour sugars and textiles then thon became prom prom- Bull pools celebrated Bul de departure de dc paruro by aggressive tactics in special Including some somo of the more ob obscure obscure oh- oh Issues Among these was Phillips Jones which rose thirteen points on nominal dealings Sales shares The bond market also was void of features features fea lea tures although h relatively more active than stocks Realizing for profits caused moderate easement casement among Liberty and Victory Victor Issues and the tho domestic list moved sluggishly Total sales par value val val- ue aggregated British exchange held around yesterdays yesterday's yesterdays yesterday's yester ester days day's final quotations but most roost continental continental con con- rates were substantially higher Guilders the Dutch Guiders or rate were strongest strong est eat of ot the neutrals presumably In consequence consequence consequence con con- sequence of ot the thE announcement that the tho homo hor government had apportioned 40 per percent percent percent cent of the proposed issue to toan toan toan an American banking syndicate The clearing house statement showed few Important changes considering the heavy transfer of funds incidental to the tho years year's end Loans and discounts increased Increased in increased In- In creased by and another cast cash contraction of reduced excess reserves to barely more than