Salt Lake Telegram | 1925-10-31 | Page 6 | Motors Wall Street Feature

I i i I I I I i I I I 1 I Motors Wall WallStreet WallStreet Wal Street Feature NEW YORK 0 Oct 31 21 By the Asso Asso- dated Press toc Stock prices price boiled In I II I today's brief but active act e session o of the stock market Motors again were the feature several se eral new highs being recorded record record- ed In group Studebaker fluctuated reI re- re I until tho announcement that the tho regular dividend had been raised from 4 H to 5 55 annually and and an extra jot of Jl 1 1 declared when the stock bounded upward to a new 1925 high at t 68 on g 16 enormous dal dealings priced Low r ce Issues u I suds such luch as Dodge A AnnO and Overland Willys-Overland were taken takeji in enormous volume and buoyancy again developed In Chrysler and Mack Truck Another bullish demonstration dem dem- in the southern souther carriers carrier featured featured fea- fea fea fea- the rail rai group Atlantic Coast CoastLine CoastLine CoastLine Line Jumping nearly C G points to Louisville Nashville moving up to lo and Seaboard Air Line to 52 all al new hIgh prices for the tile year yeal Penn Pennsylvania touched 50 60 i the highest price since 1917 St. St Paul Issues also were ere heavily bought In reflection of ot the announcement announcement announce announce- ment that over er 50 per cent of ot tho bondholders bondholders bond bond- holders had deposited P their I securities I t under the Kuhn Kulin ul n Loeb National N I 1 SC City organization organization or or- I plan The closing was strong Total sales approximated I Sh shares Rumors I ors of ot forthcoming larger divi dIVI- I ends expanding expanding steel production and I higher prices for finished products laid laida laida a a nl firm n groundwork for tor the tle early ad ad- vance Particular attention wa waa val drawn drawn to the southeastern group o of railroads because of ot their growth In earnings so far this year and the ex expansion expansion ex- ex in Florida Floida traffic requiring requIrinG the construction of ot new lines Inu to relieve the congestion In freight movement Copper stocks clocks also came into Onto favor tavor again on predictions of ot unusually heavy consumption tion of ot the red metal metal this thi year Buying of or the motors broadened with wih early gains of or 1 to 7 points embracing Mack lack I Trucks Do Dodge ge Studebaker Jordan General General Gen- Gen eral oral Motors Packard and Pierce Arrow now several of ot which attained new high prices Numerous advances of ot a point or more were scattered among the mercantile mercantile mer mer- cantile cantie shipping and motor accessory shares share Foreign exchanges were steady with wih sterling eterling holding around around 81