Salt Lake Telegram | 1928-11-20 | Page 8 | Stocks Again Whirl Upward

Bulls Regain Control in inWall inWall Wall Street Du Pont Soars 60 Points By STANLEY W. W Associated Press Financial Editor NEW YORK Nov 20 AP AP- AP High priced stocks were whirled upward in sensational fashion on the New York stock exchange as the bull movement interrupted by profit taking yesterday was ro- ro in full swing So great was the accumulation of orders that the ticker tape fell 83 minutes behind the market at 1 p. p m. m the longest delay at that hour on record and there were indications that the days day's sales would run around shares Dupont was the spectacular Individual Indi vidual feature soaring 60 points to 2 points to and Greene Copper Keith Al- Al bee Orpheum preferred Liquid Carbonic Carbonic Car Car- bonic International Harvester Johns Manville Woolworth May Department Stores Pittsburg Coat Coal and Standard Oil of California climbed 5 to 10 points all touching new peak prices Curtiss Wright Allied Chemical Victor Talking Machine Machine Ma Ma- chine and Ross la Insurance soared 5 to 9 points but did not touch new highs The rapidity of the advance In these issues indicated a marked scarcity In the floating supply as asa asa a result of the excited public peculation t cu- cu lation of tile the last two weeks week Several Sev oral eral o of the large commission houses Increased their margin requirements requirements require require- ments and sent cautionary advices over their wires In an effort to keep speculation within bounds Wall Vail Wallstreet street wa was rumors that this or that stock was going to or a share and such ru rumors rumors ru- ru mors veteran market observers In Invariably invariably in- in variably regard as danger signals Call money was In fairly plentiful supply at the renewal rate of 6 61 2 2 1 per cent One of the interesting features of the days day's advance was the Increased buying In the stocks of and textile companies many of which are juSt judt emerging front from periods of depression Railroad Railroad Rail Rail- road shares which also have participated participated par par- but little In ii the recent ad advance advance ad- ad vance were in better Demand New NewHaven NewHaven Haven Canadian Pacific In In- Inthe the Northern Pacific all touching new high prices