Salt Lake Telegram | 1922-08-06 | Page 19 | Finance Market Prices Hold Up

FINANCE MARKET PRICESHDLDUP Average for Rails Touches New Top for Year NEW TOBB. Aug. Despite unfavorable unfavora-ble developments In the roe and rail strike sltustlone and further mnipltratlona la the International situation during the week. prlre In (hf financial marser held p remarkably re-markably well, the sversge for this touch Ing a aew lop for 1h year. Ienllngs In tbe Sto, k msrht hsve been com,aratlvely light, and larg-lv of a professional pro-fessional rlii rtrtwr. The un ap'-.-ted strength of e"me of tbe fclgh grale rails ard Indua-trials. Indua-trials. however, baa n as'rieei to accumulations ac-cumulations by atrong banking Intereata L.Iuldation of stork In th hands of small laveators has ben r-la lively email, although al-though short Interests brousht strong pressure pres-sure to bear upon aeveral of the popular Issues la an endeavor to bring them out upon the market. Weekly reviews ef ths tmn and Steel Industries In-dustries Ind Irs te a perceptible slackening of production, tbe plants of the failed States Steel corporation being reported early' In th week as 7 per cent of capaeity. as sgalnst T4 per cent Iset month, while Inde-I Inde-I pendent concerns hare fallen down to 4 : per cent. Cir loading's. Hb tbe esrpttoa of coal, however, rontlnue to Inereaee the , let eel available atatietlro spproacbiag tha ; 'peak flgurea la the fall of ). Price cuts In sutomobilas sad tires were : followed br further ruts In crude oil and I geaolise. Sugar prices advanced oa re porta that the supply In eioraga In Cuba probably proba-bly would ba e baiieted before the aew crop waa ready for ike market. Batea on call money stiffened early In tha week as a result of monib end requirements, require-ments, tha quotations en Monday aod Wedoeaday getting up to per cent. On Thursday the rata was down to 4- per seat aad Friday It fell still another point' to I per cent. There was a fairly good demand lor time money. Tbe foreign situation Is still a ease of serious sppr-benakn ea the part of local bash ra' Publication of the aois d ear rib-ing rib-ing Ureat Uritain e attitude toward tbe payment of International debts re Bulled la a a ei t re rue col la pee of Genua n ear hasge, the falling tw sent a a hundred. anuiU'-r new low, .with a alight readies la oiker Europeaa e ehengea Prices rallied, however, toward the end of the week. Caaadla dtscouat Waa dowa to only was-fourth of 1 par eat, the loweet low-eet la several rear a a