Salt Lake Telegram | 1930-02-16 | Page 25 | Stock Market Turns downward Saturday

ock ck Market Turns Saturday YORK Feb 15 AP The AP-The ck ic market turned emphatically today closing a week of her laborious maneuvering l ard rd higher levels A technical ellen hail ha been regarded as I In several quarters and week week- taking was heavy h he days day's decline running from o 5 points in more mere than a a. score leading shares reduced the price t t of ninety leading stocks to the level of a week II The bullish operations of the tho I however have been beci highly and a a. considerable group leading Hading shares share Including Including- several diar hiff utilities an and industrials a d the week large net the rhe downturn was as in th face ace of most cheerful week end Indus Indus- II II and traio revIes In several ei mu The majority of active tend trad- I to feel however that of business s had been ly for the moment In almost stead steady stock market adof ad- ad sea of time the past It notable that Im- Im ent In retail and wholesale was 1 in time tho reviews fit time ln In Plough although betterment ged to Ports from torn tic the steel industry p more confident le it feu tit early In the month sharp increase In ingot pro pro- durin the J lost of Janu Janu- Probably duo to a rush to 61 oi re sec J stocks and that February u slight decline In t. t few now Indicate that PV ti are keeping pace with out out- It Is felt that a a. s gradual may b looked for until i Is reached andard of New few Ter Tersey ej ve ot it id crude oil price r. r cuti cut cut- i th and Is i inias today as aa m more fell line with the loser 8 mely PraIrie and j Ohl Oil has lias stirred the on O producers re It Is as a for tho overproduction m. m j C credit outlook remains tin un- ted rates while call 1 to 4 cent lat late 7 the yen yen- aPP to be bei i ut i Special conditions and S Thoner Is widely zt week leader Vas waa c Pressure E poInts mounted i points point diy A gave up P half w ol of Its gain KU 3 Tobacco 13 B. B Bur Bur- flYers J T L Case a tat ant Ohio law ro Hudson v 1 x Goodyear a National Lead d 4 Ga Underwood ni LI K i to era bid iju n a strong spot more than points the thea ng a a. from thC is expected that th stock 1 i will wilh be placed plaud 01 on a dividend basis bacis this year Baking A sold Fold up imp it a couple of points also in expectation of payment of dividends American Rolling Rollins Mill American Machine Machine- and Foundry Canada Vr Dry Cutler Hammer General Bali way Signal mounted 2 points or mor more Gillette rallied 3 points tn In response to buying p nent cut cutI I by certain stated that recent ate the tho wa was Justified In the commodities grains again d. d Wh Wheat ut lo t lib about Jt I cent In to O weak foreign market and corn slipped nearly as much li reflecting a bearish government and ad weather forecast Cotton closed Steady Foreign exchanges ca d further cables t 86 S. 1 of off I K J-K lv arid and a new low low francs and Dutch al als q I tu now neW lows for uncut