The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-11-24
TRIBUNE FINANCIAL DEPARTMENT
.BACKWARDkESS Of RAILS
IS. OUTSTANDING FEATURE.
Trading Is Accompanied by FIRE.
quent Intervals of Ex-
IRENE Dizziness.
STABLE INDUSTRIALS
SHOW NERVOUSNESS

SHOW NERVOUSNESS
New York, Nov. 23-Backwardness
Of rails, despite assurances that no
strike will be called by the brother
hoods, was the outstanding feature OF
todays moderate business on the stock
exchange. Other shares were dis
posed OF, after early hesitation, to
suppleln ent advances of the mid-week,
but encountered occasional opposition.
Foreign affairs were less in the fore
ground, although another violent
break ia Italian exchange to dis
count approaching As per cent created
apprehension respecting the outcome
of impending events in that country.
Extreme Dizziness.
Trading was accompanied by fire.
quent intervals Of extreme dullness,
but the monotony of the session was
relieved by intermittent activity Of
pools in various specialties at gross
gains OF two to five points.
Stable industrials, including equip
ments of the war division, again tiuc-
tuated within restricted limits, but Of
fered more resistance to pressure,
United States Steel, for example,
mounting steadily in the first hour,
mounting to 9SA, net gain Of IL
points Lackawanna steel and Repub-
lie iron were unusually active at ex-
IRENE advances of 81 and 81 points,
respectively.
Industrial alcohol, the motors, oils,
tobaccos, feathers, shippings and
Western Union participated rather un-
evenly at gross gains OF one to four
points, bu: shaded toward the close
on IeIlizing sales in Marine preferred
and motor issues. Sales amounted to
5l5,CJO shares.
Call Money Low.
Call money was at its lowest rate
of the weeR, declining from 3H to
2h per cent for loans over the week
end, on forecasts of a favorable bank
statement.
Bonds were firm, but dull. Liberty
As changed hands at 1888 to S8, and
the sk's At 1888 to.99.O8. Total sales
(par value) aggregated $4,150,0O0.
United States bonds (old issues)
were unchanged on call.
eRAosrREET's REv}tw.
Kew YoE, yoWR3 AlBra4treet's toi
morro@swiA 4yaass E /
More Cheerful sleeling;@proba bly,
born,of, the repoIfed successes OF the
allied arms oversee, apparent compile.
ton of stock market liquidation, heavy
goyepmental buying, the return of lib
! erty loan money into circulation, three
cent cotton, unrestricted ordering by
the excellently situated surplus crop
zones, record high bank clearing, and
super.animated activitysin most indus
trial lines turning out essentials of
war, are factors that easily eclipse any
tagging tendencies that prevails. j In
number, Of lines, and more especial
ly in the; east, buying. for civilian ac.
count .perforcs reflects q pause, this
being largely: due to the fact that the
governments want receive preference
and partly to the apparent inability Of
ordinary retail trades to enliven at q
time when food stuffs are In Ordinately
high, when various campaigns to en-
courage economy are under way, and
when, too, the ordinary man in the
street IL paying for liberty loan bonds
in installments. However, the prOdi.
gious spendings OF the government
quicken movements in general and
render the observer practically oblivi-
Gus to the enforced prudence of the
ordinary trader. Yet in the face OF
conservatism normal wants are suf-
ficient to make up a relatively large
volume and significantly enough parts
OF the west, southwest and most OF the
south disclose the best trade move
ments and collections ever expert.
enced demand being for immediate as
we'll as for distant delivery. There
are no surplus stocks of manufactured
goods and as supplies OF fuel, labor
and railway cars are insufficient, pro-
duction cannot very we'll be speeded
up. 1t is true that the labor situation
has improved in spots due to the cut
ting down OF non-essentials, but this
improvement is not likely to be last
ing or substantial.
Weekly bank clearings S6,9S1 ,63l 900.
.tEw YORK STOCKS.