Salt Lake Telegram | 1921-08-07 | Page 23 | Stock Market Reflects Doubt

MARKET 1 REFLECTS DOUBT Closing Weak Despite En- En EI- EI jb Reports Report r NEW w YORK Aug 6 St Stocks Stocks folo followed Ini uncertain course courso during the the- week whIch failed to show an any development of or L definite trend In movements mo or speculative tivo reeling After two days of well wel sustained attained strength tho the market marlet became narrow and irregular and toward tho the close dOS of the tho week declined on profit taking tok- tok tak tak- ing and renewed bear pressure Trad- Trad bg fg was as comparatively cly light and anti there tr were nero few tew developments of or importance in inthe the shaping of or sentiment Reports of or in- in Mistrial conditions as ns' ns reflected In tho the kae rda news were somewhat more hopeful hope hope- ful ku but these indications were not suf definite or general Generl to bo be of or c treat t effect Improvement in railroad earnings attracted the tho attention of or tho the element and the Investment rills nils Ils were In strong demand at rising Violations early earb In tho the week but sub sub- sold off ort with the remainder tf W the list was firmer Call Cl funds advanced lo 10 16 6 per cent as compared comparo with last 1 j eks ek's low rate of or 3 A per cent With With- wals from New 1 York ork ork banks by tao Interior which followed the decline last week reek were wee largely responsible for tor the the tho to rates iTh Tho foreign exchange market market was firm rith fth a pronounced upward movement in erling teUng An advance of 4 1 cents followed te we see announcement that Germany German had de another anoter payment on her Ions lons account in dollars and that n a furer fur fur- pier er amount had hod been transferred to fur I the alt of th the Bank of or England here