Salt Lake Telegram | 1932-04-14 | Page 1 | Utah Solon Urges Holding of Stocks

UTAH SOLON URGES HOLDING OF STOCKS WASHINGTON April 14 P An P-An An appeal for holders of stocks to keep them rather than liquidate at present prices was voiced in the senate today b by Chairman Smoot R. R Utah of or the finance committee Smoot said he wanted to sa say to the American people that if there is any anyway anyway anyway way you can hold onto your stocks hold them because there is more in intrinsic intrinsic intrinsic in- in value back of oC all aU of oC them than the they are showing on the market to today to- to day He Hc cited an unnamed stock which he said Is selling sellin on the New York stock exchange c for although actually in cash and goods the stock stockis i. i is worth 40 He said he called attention to this to show just where pessimism is leading the American people S h