The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-12-01
|UNFAYORABlE CONCLUSION
TO LATE PEACE 0VERTURES
Representative Rail Issues Hit
New Minimum for Decade or
Upwards
EXTREME DROP IN
THE WAR DIVISION
Call Money Advances to Six Per
Cent-War- Tax Stamps Affx
Today
CONDITIONS WHOLESOME

New York, Nov. 3S.-Dun's Review
tomorrow will say:
Entering on the closing month OF
a most remarkable year, business re-
fleets sustained activity in many d.
rcctions and underlying Strength in
about all its branches. What is es'
pecially important is the fact that at
bottom general conditions are whole
some, and more so than year ago,
for the competitive and excited buy
ing which was then so conspicuous
feature in certain quarters Is now
absent, and the great rise in prices
of some leading commodities has been
checked through official action. or
from different causes. But while the
disposition to make forward commit
ments with increased caution, and to
provide against possible contingencies
in the future, is reassuring, there are
still many drawbacks in the situa'
ton, and the new and extraordinary
problems which are being encountered
hinder progress in the industrial field,
as in mercantile channels. The seri'
BUSINESS of the congestion in railroad
transportation is evidenced by the un
precedented measures taken to relieve
the pressure, and while producing ia,
cilities have been further improved
and extended, with much new capacity
available, manufacturing operations
are frequently hampered and outputs
curtailed because of the delays in Oh
tanning fuel and other urgently needed
materials, or owing to the shortage
of labor"
Weekly bank clearings 1859,
429.
New York, Nov. 3O.-Coming on the
eve of the inter-allied conference
Wall street chose to attach unfavor
able conclusions today to latest peace
suggestions with Russia's radical Gle
mcnt. ..-... POO.
Rails yielded from one to almost
four points, several representative Is
sues Of that group making new min
imums for periods ranging from dec
ade to over a generation. These in
Guided Pennsylvania at As and Balti
more and Ohio at 45A. ".".~
Supplementary October railway
earnings offered no ground for en-
couragement, Canadian Pacific report
ing a net loss of over 100000, Balti
more and Ohio almost as much, anC
,I.ehigh Valley about $i50,OOO.
t,ny. Slump OF 2 to 3 Points n
The war division averaged extreme
declines of two to three points Sim
liar recessions were registered by E
wide variety of specialties. Buying
power, or at least demand, wa:
negligible, but moderate support at
fected some substantial recOveries II
the latter part of the lethargic SEES
sion.
New York stocks sold "ex-divided'
and in several noteworthy instances
these were materially caught up with
United States steel minus its regula, |
and dividends of Az per cent, gradual
ly hardened, closing at net loss of X
of a point.
Standard rails. shippings and cop
pcrs also rallied in the final hour, thu
markets tone at the finish being ir
regular rather than heavy. Sale:
amounted to $4,000 shares. |
Call Moneys advance to, six pc,
cent was ascribed to December div
dend requirements. Italian exchange
was again heavy, but other cont
rental rates were scarcely altered.
The Liberty Issues
Interest in the heavy bond market
around the liberty issues.
With the As at 1894 to 1896 and the
US at 9SSS to &c. Total sales (pal
'alue) aggregated s4,450,O00. United
States Bonds Told issues) were un
changed on call.
The governing committee of the
stock exchange today notified mem
,ers that war tax stamps must u
.ffixed to stock deliveries beginning
OmOrrOW.