Salt Lake Telegram | 1924-01-19 | Page 6 | Many Stocks Get Setback

MANY STOCKS STOCK GET SETBACK i R Reactionary Trend Not i General I However NEW NEAV YORK TOnIC Jan 19 Reactionary si the stock market although epe- epe si of ot the stock market although see ci cial lal al strength developed in several Issues Is- Is su sues ues es subject to individual influences B Bond ond prices strengthened d in fn response to a a- continuation of or European a. a buying an and lo low ow w money rates The sharp setback in in 11 stock Block prices on M Monday londay was generally attributed to the co of or a weakened a technical po po- si illon tion resulting from two months of or al almost al- al alost m most ost steadily rising prices Partial re- re co vory was made In the next few see ses- d ions ons but but the general list turned heavy ss a again gain towards the close of ot the week Operators Operators on the long side elde of the maret mar mar- k et Inclined were weN to reduce their com coot m pending a more definite IndI ca caton atlon tion of or the trend of or business this sp spring ring This Thil profit taking encouraged a asumption re of ot short abort selling which wa was a p partially effective In stocks of or oil 01 companies com corn p owning Mexican properties Trade news was rather mixed Increased In- In cr eased creased activity and higher pig iron p prices rices were reported by the steel Indus tr try ry y which which with the payment of ot the last b ack back dividend on Republic Steel preferred pre pre- fe erred brought fresh buying Into the st steel eel group OH Oil Oi shares were helped by th the ho e further upward revision of ot crude oil a and nd gasoline prices 01 Freight car loadings for tor the first week In n January Januar showed another decrease anee under uner un- un d der er ee the corresponding period last year S Southern Railway crossed 43 4 to a new h high record for tor all time t C Lehigh I Valley a and nd Reading issues also also were ere strong Valey Sh S Sales ales of ot copper below 13 cents centa a pound h had ad a depressing effect on the copper s share hare