Salt Lake Telegram | 1931-03-02 | Page 9 | Curb Rally Turns to Irregularity

GU CURB B RALLY llY TU TURNS NS TO IR IRREGULARITY Advance Lacks Aggressiveness Aggressive Aggressive- ness a Few Specialties Make Good Progress By JOHN L. L COOLEY Associated Pre Press Financial Editor NEW YORK March 2 The Thc I curb market began begau gau the month quietly Monday A firm opening was the signal for a slow advance during the earlier trading but the buying lacked aggressiveness and the list soon lapsed Into dullness and larity A few specialties did well Mead Mend Johnson rallied more than 3 points to a new high apparently In re response re- re spouse to reports that last years year's record income meant further extra dividends since it has been the directors directors' directors directors' directors directors' tors' tors policy to make liberal disbursements disbursements disbursements disburse disburse- ments out but o of earnings One cent 50 extra has been paid so far this ye year r. r Deere and A. A O. O Smith were supported supported sup sup- ported but more active shares in including In- In eluding the motors dragged along listlessly I Oils were dispirited and appeared on the tape infrequently Standard Standart of Ohio acted somewhat better bu but Cities ClUes Service and Gulf Gull were heavy Utilities failed to excite much bullIsh bullish bul bul- lish enthusiasm and although ad advances advances advances ad- ad vances beyond the Saturday close were numerous the group generally was colorless Activity In United Founders which rose a point on a large turnover was attributed to an improvement In asse asset d value Slue since the last statement Appreciation Appreciation Ap Ap- Ap- Ap predation In investment trust portfolios portfolios portfolios port port- folios during the last two months has been followed by a gradual reduction in the d discounts counts at which management management management manage manage- ment company shares were quoted Call money renewed on the curb a at 2 per cent 6 4