Salt Lake Telegram | 1928-02-16 | Page 15 | Wall Street's Close is Heavy

i I Wall Wal Streets Street's I S Close Is Heavy Market Market 1 at a 1 Glance NEW r M lacka J heavy reflecting sg disappointing trials trade new c Ilond Ir tre L' L V. V B. B t Ur J. J heavily bought bucht foreign exchanges mIxed peela ga go 1 below Io 17 1 real I CoIl CIO barely better f Irrl ar eay r Cuban Ciba c Coffer ln boo boni bo bIc GO heal trong large lac export expert Pr laiT Corn C. C Ind Argent I DA damage report rattle Cattle tle d and aDo more mor active aeU Hog slow alow Io end and d ra y NEW YORK YORK rib Fb II 1 CAP The AP-The T. AP-T. Th tk t k market make a a. brief bret flOrI tp alter atter tb the h opening today began beca to 10 head bled 4 down ward arel and yam various oil o motor mInor mr rubber and aa D shares hare retreated fetId 4 Into new low loir ground for lor the tbs tb year u. u Th The tart early urr urra a strength lt wa was baled baaed on OD buying of ot public ea on 0 th the II enata rejection of Cf pe hWo the Ia Walh 1 Vt invest Investigation Wo pr proposal A nav laTOU gation of ot lp superpower r project Wh When n o prIces price began to pup clip elp how lo hover vr In Inman Inmany II many man group crouP more mora attention began a. a to tob tob b ho b p ld Id to I. I Im less trade trad reports report aa as wH well 11 as to th the tb monetary outlook The Tho reported tJ falling failing oft off In nw new tu buying of o at tel el wai w. w an a Important factor ft and trader d again turned r way way r I toward th the statement oa on broker k loan bane which will b ho b toned loaned e after the th clo ci e. e of the tho market markt There The were wr indication that tt the tho credit string were being drawn a aWit Wit th and that bank We scrutinizing mora searchingly tb the tb collate col col- late lateral ril offered fr tf lon loan I Jo Poo which had bad b been n aue e ul re recently to- to r. r In ill I pushing u D up their bt favorites favorite appeared to b be backing n away irom a number of closely con cn trolled lacuta showed recessions 0 of I J toI to 10 toC r. r ow I C point pint a. a The general retreat relt was wai order orderly der- der trI tr I ly lr however and confined d to a point pint or orso 10 so 1 In mot moct of tb th lb b d. Indus Indue- Indu trW tre audi auch a 03 United States State Sla Steel Stort arid and General A drop of 01 1 wa was recorded b by Midland Steel l Products Product preferred and w some Imo m of the Hie dIvidend paying railroads Nickel Plate loot lent Pla It more than 3 poInts point Few Fe of the ho earlier strong public utilities were wee able abla to retain their gains gain t when n this thID Kiting g. g gathered tore fore In to other sections o of 0 the tho list lilt The Tb doling closing waa wa heavy hery 0 of standard areS railroads railroad particularly Initiated Initialed a forward movement In n n the final Unal nc lu which cut down measurably earlier 10 lowe In sum om of th the lh industrials A few faw abs ah r responded pond d to a aggressive c pool operations operation again Vanadium selling above 85 U. United States State and General Gen enl eral Motor rot got back to a parity with figures Total sales In hares abates