Salt Lake Telegram | 1927-10-11 | Page 10 | Wall Street's Close is Steady

W Wall ll Streets Street's Close Is Steady Markets at a Glance I W YORK YORt Stocks Irregular American Telephone Telephone Tele Tele- phone phon readies reaches new v peak plak firm Bonds steady Polish obligations obligation Foreign n exchanges exchange firm sterling at st a new v high highs Cotton Coton higher trade buying Sugar firm higl higher spot market Coffee oHe t steady trade buying CHICAGO CHIAnO Wheat easy bearish government estimate Corn ea easy aY ys fa trop crop reports Tattle attic firm t Hogs Hogs steadier NEW EW YORK Oct 11 1 AP Operators AP-Operators Operator AP-Operator Operators working for higher prices regained control control con con- trot of ot the price movement In In today's stock market after an early period perlo of ot Irregularity A few new weak pots pot were uncovered by bear traders tradel but heavy buying of ot United States Steel common and nd General Motors Motor finally turned the general course coure of ot prices up up- ward Ovard Call Cali Cal money was again In plentiful supply at the renewal figure of 4 per cent The weekly steel atee trade reviews continued continued con con- to stress the absence of the ex expected ex cx- peeled pickup In demand the Iron Age composite price for tor finished steel dropping dropping drop drop- ping to the lowest level levei In five years year United States Steel common however rallied from a low ow of f t 14 to 15 and there was a brisk demand for tor Colorado Colo Coin ratio rado rdo Fuel Vanadium and Crucible Gulf States Statu sank to a new low tow for the year and Bethlehem continued to lose ground on the growing belief belef that dividends dividends divi divi- would not be resumed this year as ago confidently expected expected a few weeks ago Resumption of the advance on General General Gen Germ eral era Motors coincided with wih the return to this country of William WIlam C. C Dumant who has ha been actively Identified wih with bull bul operations In that Issue Isue the past put few years yeas Te To delay In the the Introduction of ot the new Ford models also was waa a a. 1 factor Some of the low and medium priced public utilities yielded readily to selling pressure In the early ealy trading but roup stiffened on the appearance of strong buying orders In Radio Corporation Western Vestern Union and Peoples People's Houston Oil Oh 01 made u up its early five five- point decline and bullish operations were resumed in Freeport Texas and A. A M. M Byers Rails Raia offered stubborn resistance to td selling pressure presure and by early afternoon were creeping forward under the leadershIp leadership leadership leader leader- ship of the high grade rade Investment shares Th The closing was steady Some large blocks bockl of ot the motors motor were turned over Including Chrysler and 1800 G General Gen nera n- n eral era Motors before the upward movement movement move move- ove ment began to slacken as the Immediate Immediate Imme Imme- diate requirements of the shorts had had been satisfied General Motors Motor fell tl back more than a point from the best belt figure and there thero also was wal some active selling of Jordan Motors Moton Total Tota sales approximated shares