Ogden Daily Standard | 1917-03-21 | Page 7 | World's Markets

Mjjj HUMES j! NEW YORK, March 21. The stockj market response to the latest news from Washington indicating a more acute phase in the international crisis was an opt n m adance of one to three points, war shares and shippings showing show-ing greatest strength. Trading was feverishly active and broad, except in rails, where few noteworthy changes were recorded. Large blocks of speculative spec-ulative favorites, especially United States Steel and other industrials, as well as metals and prominent specialties, special-ties, changed hands at gains ranging from fractions to over a point. The ris was met by considerable profit-taking profit-taking and short selling by traders, which caused material recessions. Before Be-fore the end of the first half hour many stocks had relinquished all their gain and some were selling at a point, or more, under yesterday's closing quotations. quo-tations. The setback of the first half hour was soon overcome, most leaders making mak-ing almost complete recovery, while' specialties of the more obscure class rose substantially over early quota-! tions. Steel was among the first to' recover, after forfeiting a point, with shippings and prominent munitions, notably Bethlehem Steel. This rally-also rally-also proved of short duration, prices yielding again on the increasing aggressiveness ag-gressiveness of the short interest. Sales in the first hour reached ; iost a half million shares, but fed off sharply later. At midday the list became be-came active again, with further advances ad-vances in the war group. Bonds were irregular.