Show I I I I I 4 I I WAll ALL STREET STREETS S IS U. U S. S Steel Highest in inS S Five Years NEW YORK Aug 20 Bullish demonstration In several Industrial Industria I specialties were used as a 1 screen for extensive profit taking taking- In other sections of the list giving today's stock marked one of the most moct active this year an Irregular appearance United States Steel common touched the highest price in five years Sales Sales- approximated shares Under pressure of or profit takingS taking stocks which had shown recent strength drifted lower at atthe the openIng openIng opening open- open Ing of or today's stock market with other othEr issues fluctuating within narrow narrow nar oar row and irregular limits American Can tell fell fel back a 1 point and Allia Chalmers Chalmers Chal Chal- mers 1 11 Heaviness of U. U S. S Rubber Rubber- reflected a 1 drop In earnings In the first half halt of the year Although buying power appeared to be lacking for pivotal industrials IndustrIal in the Initial dealings operations for the rise rioe were resumed In other sections of the list In the first half alf hour of trading new high records records records rec rec- were created by about a a dozen shares including including- Missouri Pacific preferred Mack Truck and White Motors the latter later two moving moving- up us' 23 21 points Western estern Union was wa driven down down 2 21 poInts Nickel Plate down 1 a and tind American Smelting 1 U. U S. S Cast Cast Iron Pipe rallied a 1 point Foreign exchanges open opened d lower Profit taking sales ales were vere readily absorbed and the industrials were I headed upwards again around noon under the tho leadership of or U. U S. S Steel Seel common cOmmonS which touched Its iA highest price since 1922 Buying was on a large scale ecale total sales In ho hc first hour exceeding shares shares Rails nails Rals were sluggish with fresh weakness out In some of the Van issues Nickel Plate dropping dropping- 2 23 and Chesapeake Ohio 1 I. American Waterworks advanced 4 H points and point Mack Macle Truck General Electric Consolidated Con Con- Cigar preferred and anti White Motors moved up 3 points poInt or more Call Cal money opened at 2 per cent Energetic efforts to drive In a stubborn st short interest continued continue l until well Into the wel afternoon when a number of or shares rose ros In rather striking fashion American Can reached 1361 1360 a a record figure and May MaT ra Department Stores U. U S. S Alcohol Alcohol Alco Alco- hol Stromberg Carburetor Bosch Magneto Nash Motors and United Drug sold fold 3 points higher Some pressure pressurE was noted against Davison Chemical al Allied Aled Chemical Cuban Cane Sugar preferred and Kenne- Kenne o t- t Copper which were off oft 1 to 11 a points The closing cosIng was Irregular AmerIcan Amerlean Amer Amer- ican lean crossed 1 38 to a a. a new high In irs Inthe t the he final hour but the rest of the tile list was inclined to run off on real real- izing with wih several rails rals displaying marked heaviness |