Salt Lake Telegram | 1928-12-24 | Page 12 | Additional Market Reports

L AdditIonal Market Reports I STOCK P PRICES i I SWING UPWARD Old Od Fashioned Christmas Market Markel Prevails in inWall Wall Street By STANLEY W. W Associated A so Press Financial Editor NEW YORK Dec 24 AP AP-An AP An Anold old oId fashion fashioned fashion d Christmas market f in irk which prices of many active is issues is sues moved up 3 to nearly 18 points too took place paco on the New York stock exchange today Buying orders r were distributed over a broad list 1 cf of issues but b bullish activities cen I principally in stocks likely to benefit by holiday trade or those in which special developments arc are reported to be pending next year Trading was only moderately tely heavy i in In volume C Jl money renewed at 9 ner Der cent r Il rid u d appeared to be bo in fairly r ful u supply at Dt that figure despite the tho calling of about In fn loans Time money rates held firm Placing of Anaconda Copper com corn pany any tock stock on a 6 annual basis as against tho f former rate tate of 4 4 was about In line fn with Wall Vall streets street's ex expectations ex- ex an and w was tvs s followed by JY Y Ie traditional selling on the good news Walt street heard today that the proposed Victor Talking corporation merger Will be accompanied by a five for forone one eric stock of Radio corpora corpora- t t o on 1 common and the issuance ol oZ a ew preferred n and nd 3 5 In cash cosh will wilt bo exchanged for tor each sh share h r of ot Victor swings again took place in the high priced specialties International Inter Inter- national Harvester ran up 17 1 2 1 2 l' l p points and Sears-Roebuck Sears extended its gain to more than 12 points l The he herise rise In Chalmers AllIs which soared nearly mary 10 JO points to a new high at 1 2 1 2 was b based sed on reports of pf a rapid expansion in its new ne caterpillar tractor business Otis Elevator Goodyear G ear Rubber and Columbia I CarbOn each jumped 7 1 2 1 points tb to 11 new w V high records at and 8 3 r respectively Motor shares were were heavily bought In anticipation of record breaking business next year Chrysler with witha a gain a-gain of df f 5 points was the leader American International ran up 5 t. t p points to a new high in anticipation antici pation of or a two for tor one stock split split- U la up Christie Brown Drown R. R H. H Macy l National Biscuit and St. St Louis Southwestern u Ii e tern all aU recorded large larg gains Recent rumors of a merger of Columbia bia with Kolster Radio were unofficially denied and both iti stocks fell feU back Case Thresh Thresh- jn lag ing broke 9 points q With th t the e bulls In control of the prIce ice movement General Motors In afternoon sold at ex exactly ext ex- ex a t Uy 1 15 points above last Mondays Monday's low Jow fig figure r re International Harvester extended its rise to more Snore than 20 while Dupont climbed 15 and National Leather 10 Gains of 5 5 to 10 points were registered by American merIca Express Gold Dust and J A Aj M. M r. r Byers Prairie Oil on Vanadium Steel teel an and A. A M M. By Byers rs and Prairie Oil and Gas which was admitted to t tr trading Ing last week declined to under 60 GO The closing was strong Sales approximated shares t I A