Salt Lake Telegram | 1916-06-11 | Page 40 | Politics Absorb Market Attention

POLITICS ABSORB MARKET ATTENTION NEW EW YORK YORI June 1 10 Poll O.-Poll naturally all ally assumed first place in the financial district this week the situation at ChIcago Chicago Chi ChI- cago being the all pervading feature of interest Up to the close of business yesterday yesterday yes yes- Wall Wail street seemed in III a state of ot bewilderment respecting the outcome leRn On the surface the market which w was left il almost O entirely I r to the devices e I s sw of I professional traders suggested confidence in a coming coming- together of the contending parties Stability was given to the list by the strength of ot railroad issues partIcularly particularly par paz high grade shares which hardened lard hard ened in response to further brilliant statements of ot earnings There was hard j also confident buying of ot representative Industrials industrIal industrials Indus indus- trials trIal including United States Steel whose May lay statement of unfilled to be Issued today IB is expected to lish a u. new high record I Reactionary movements In the motors and ami eal allied Issues were at attributed to the tho t more inure cautious tI attitude of the banks n s I which hr have manifested lf 8 their h disapproval a of the movement m in these thee shares r A temporary tern tem flurry in call loans to the highest quotation in a a. year and a half also hastened hastened hastened hast hast- ened liquidation in weak weal quarters COppers and metals in general were little more than stead steady despite the declaration of man many larger dividends warranted warranted warranted war war- ranted by vasil vastly vasti Increased earnings Miscellaneous Miscellaneous Mis Mis- shares were mostly higher but hut their advance with few exceptions failed I to enlist outside Interest I Foreign developments n e c contributed l to fe j firmer tendencies en the success of the t Russian forces force against ag A Austria and more i detailed reports of ot last weeks week's naval eng engagement engagement en en- I g g-ement g In the North sea being re reflected reflected reflected re- re in the rise of British console International International international In In- issues moved Irregularly in inthis inthis I this market but showed a a firm undertone undertone undertone under under- tone considering Ing the extent of the ott offerings offer offer- r- r i ings I