Ogden Daily Standard | 1915-08-21 | Page 1 | War Prospects Unsettle Stocks

WAR PROSPECTS UNSETTLE STOCKS Wall Street See the Possibility of Conflict With Germany. Large Domestic Loan May Be Called for by United States. New York, Aug. 21. The possibility, possibil-ity, noted in high banking circles, that existing relations with Germany may necessitate the flotation of a large domestic loan to meet possible emergencies, caused further unsettle-ment unsettle-ment In the stock market today. At the outset only the specialties were materially affected, but later when It became known that the Arabic Ara-bic had not been under convoy, the entire list had a tendency to weaken on heavy offerings of standard shares. Losses of 2 to 3 points wero registered regis-tered by Union Pacific and Reading and United States Steel which fell to 72 3-4 In the early dealings soon declined de-clined to 71. Increased weakness was shown In the later dealings, declines occurring occur-ring with advices from Washington that the administration probably would make representations regarding regard-ing tho Arabic Incident through its ambassador at Berlin. Steel, Reading and Union Pacific were, among ,the rnany important shares which fell to the lowest prices of the week. Steel losing 7 1-2 at 70 1-4, while Union Pacific's loss at 127 1-S was 3 points, and Reading's decline de-cline at 145 1-8 was 2 points. War stocks were the greatest sufferers, suf-ferers, with recessions of 3 to 11 points, Bethlehem Steel losing the maximum amount of 74. General Motors fell 9 1-2 to 200, and New York Airbrake 6 1-2 at 126 1-2. Minimum prices prevailed at the feveriah and excited close.