Salt Lake Telegram | 1931-03-10 | Page 14 | Mining, Financial and Commercial News

cri I Mining M i I Financial F I Ia 1 and nd Commercial Corn News s wining I n ii n a n c a I UTILITIES HIT BIT HT BY NT CLOSE BERS A Wave of Selling Ends Bull Bul Carnival Allied Aled Chemical Breaks to New Low NEW YORK Marh March 10 I bun bull bul carnival In the te utility share chare was a Interrupted by a deluge of ot beat bear selling In the final few minutes s a oj ot I to trading In Tuesdays Tuesday's B tock stock sk market maket After a a broad brad a assortment of issues had been sent up 1 I to 4 points point Con Consolidated Co- Co ha Gas 01 and and American Can making ma maximum lum advances alces ad a a. a wide wide- open break in i Allied Ale Chemical completely com com- pIc un unsettled tc the te list This high- high priced issue tumbled 11 points point to a anew anew new price low lov and ad most mot of the advance avance elsewhere was wa lost lot It closed coe of off or 10 net The closing tone was c-as hea heavy with wit n ne net losses loss outnumbering gains al although although al- al though few weeded a a point point Transfers Trans Trans- Transfers fers ers aggregated shares thares Consolidated Gas which was wa bid up to o new n w high ground gr nd on formal foral announcement of ot the rumored long long connection with Niagara po power ower er wih Nigara Hudson lost lot half haIl hal its Itis iG rise ris closing up about 2 American Ican Can old Can od up 4 points then slipped hack back 3 from the pint top American and ad Foreign Freig Power was as actively bought on the tlc theory thet that wa further further- pronounced strength in i for favorable silver was of favorable augury wa this siver company bu but it broke broko to t close clo 2 lower United States Steel held up fairly well on announcement of its it unfilled cl tonnage at the end of o February sho showing a n somewhat larger than tha ex ex- expected decline bu but but closed a traction fraction lower J Issues ues finishing a point or ort t two lowe lower lover included United d Corporation Corpora Corpora- Corporation Corora tion Westinghouse Electric Ch Chrys Chrys- ler toP Du Pont Pont BUs Union Carbide Carbide Fox Fo D Loew's Loews Lews Warner Bros Bro and Eastman East East- A man man t Case Ca- Ca lost 3 f 4 t