Salt Lake Telegram | 1923-11-03 | Page 6 | Reversal of Stock Mart Week's Sensation

I I Rere Reversal sal of Stock Mart Weeks Week's Sensation NEW NEV YORK TonK Nov 3 The The sudden ludden re revival revival revival re- re vival of ot form forn shown by the stock market mar mar- mar mar- ket keto which bounded upward ward u after ex exhibiting ex- ex a a. reactionary trend for tor six weeks or a more was vas the chief financial development this week The unexpected declaration of ot an extra extra dividend by the United States State Steel corporation a B bullish forecast calt by one of at Wall Val Streets Street most mot prominent speculators who was wal generally generally gener gener- ally any regarded a as al a leader of at the bear belr factions provided the chief Impetus for forthe forthe forthe the upward movement mo Gains of 3 Jo to 6 5 points point which were the leading Industrial Is Issues Is- Is registered by 11 sues suel on the first day of at the advance were vere wee fairly well wel maintained during durIn the next two sessions Earnings of the United States Steel corporation for the third quarter Quater were much larger than was va generally expected expect expect- ed edOil Oil shares failed to participate as I ex extensIvely extensively ex- ex 01 as the other sections of at the list listIn listin In the upward movement Foreign de developments do de were watched with much In Interest interest In- In terest but had little litti lite effect