Salt Lake Telegram | 1931-09-25 | Page 21 | Selling Pressure Halts Curb Rally

SELLING PRESSUR RALLY Trading Fairly Active but Some Leading Issues Get GetGood GetGood Good Support By JOHN L. L COOLEY Associated Press Financial Writer NEW YORK Sept 35 25 tf Tho curb market closed with a firm thu tone today alter after a session ol 01 comparative comparatively ly wide price fluctuations Short covering In the afternoon turned the trend alter after selling around midday had brought a general reaction Electric Bond and Share finished with a net gain of more than a point and moderate advances were numerous numer ous in other sedans sections of the list Trading was fairly active but some of the leading Issues appeared to meet good support around yesterdays yesterday's final levels Call money was still Unchanged unchanged un Un- changed In this market at 2 per per cent Aluminum Co was a issue to break widely selling elUn oft nearly 10 20 points at one time Woolworth Wool Wool- worth Ltd sagged under considerable consider able selling pressure but Ford Ltd held about steady In the utility division Electric Bond el t Share recovered for a time apparently under the Influence of short covering Much of morning advance of 1 8 5 points was lost by early afternoon however American Oas Gas Electric was firm for a time and Cities Service recovered after a fractional sag Middle West utilities eased slightly In Ift fairly active trad trad- ing Oils ran into some selling Gulf lost host a couple of points and Humble also declined Standard of Indiana declined moderately Utilities Power to Light was sup ported on the announcement by the management that It would no not not- be adversely affected a as a result of the depreciation in a sterling exchange The company operates Important properties lx in the vicinity of London Glen Alden AIdeR Coal fell back a cou coti- pie of points