Salt Lake Telegram | 1930-02-13 | Page 8 | Stock Uneven in Wall Street

STOCKS UNEVEN IN Aft Opposing Forces Struggle for Control of N. N Y Market Trend I By STANLEY W. W Associated Press Financial Edit NEW V YORK Feb 13 sa Sharply price mot movi merits In today's stock r n the tho for control bi ks opposite speculative Prices headed upward at tile the open open- Ing under the leadership of th t public utilities and a few high grale Industrials such as American Can American Tobacco B and States Steel common which cere er marked up to new high hili lo els fa fo the year Tile The market turned Ir regular In lii the tho early afternoon o on renewal of or selling pressure t Simmons Co Gillette Safety Ra Jar r rand and tho mall mail order Issues IssueD Business n was as mixed In itt character Freight loadings In lIt week d February 1 ere T con bly larger than the 1110 week bf be fore but fell below the cams came week fc last year and were the lowet o oj iny ans corresponding wok 1 1 Copper stocks tock showed a further slight alight Increase In January but were larger r thin tb thi month before Underwood Elliott bho ed od earnings of flOO a In 1923 which contrasts with on a smaller c cp p. p the year before Call money renewed 4 at 1 I per of the Bos- Bos federal reserve rediscount ralto rat ral to tim tho t 4 per cent level r recently c tt- tt by the Now York and ani Chi Chi- banks was construed as an In Indication In of a general casin c Cf conditions Pool activities accounted largely for tIlED tho activity In tile tho public utility merger rumors tho advance In that roUp Philadelphia Phila delphia company General Public Service Brooklyn Union Gats Ga att and American Telephone were marked li up 4 to 7 points to new peak prices for tho tilo year car d Waterworks was mart mart- cd up 3 and n a number of others tj- tj a a. point or 01 two one block of shares on Consolidated Gas Gai of New York changing handi it st Professional traders are reported to have sold stocks freely on thi tb that tho market was entitled to at least a technical reaction Its recent sharp advance Other oh- oh se took the tho howo cr that the tle market had sufficiently consoli consolidated dated lat d Its bv by the movement of tIle the last few da days s and andone nd one of the largo l-irgo commission hour sent out a urging Us Its cus custom tom ers to buy high grade stok for fora a 1 turn s of Simmon broke 3 5 points to a IT low v for th th year car at 67 1 which contrasts with years year's s cai-'s high of ISS was attrib attributed to disappointing pales cales of some of Its recently acquired ac 80 concerns Gillette Safety Razor broke broko nearly 7 t to 89 4 1 also a new 1930 low West et Western ern Union sold f IS points lower Safe Safe- Stoics 5 National Lead 4 Co Ce Carbon 3 i 3 1 l and Eton i Webster 3 3 Buying orders wore distributed among United States Steel and th tha investment utilities In the final hour the tho persistent against tile tho shares Simmons was quoted around 6 5 and Gillette Safety Kazor around I 1 The Tho tone toile was Sales 3