Salt Lake Telegram | 1925-10-04 | Page 31 | Boom Market is Week's Feature

B Boom Market ts Weeks Week's Feature I i NEW YORK Oct 3 1 CAP CAP- AP AP Marked larel I expansion In th the volume vol of or stock tradIng trad trad- I Ing log r reminiscent or of lait year years year's s post post elec elec lion boom a R. resumption of or the up warn movement In the tho bond market and the development or of a I reactionary trend of ot orthe the principal foreign exchanges excl were the outstanding features x or Of f this weeks week's s financial financial finan- finan cial markets Speculative enthusiasm ran high in the stock market fol following retention of the local federal reserve bank rate at 3 II per cent reflecting a n general feeling feeing of ot relief In the financial district at the prospect of no Immediate change Sus Sustained us- us strength of the motor shares which seemed Invulnerable le to attacks of ot profit profit ta taking and bear selling I General Motors Rod Hud son and Chrysler which had been speculative speculative speculative favorites yielded their leadership late lale in the week to Dodge Many other standard Industrial share I participated inthe In upward movement un under ler the tho leadership of United Stases Stases' li Steel but the week veel was noteworthy mainly for tor the broadening of buying In In- In terest Dally Daily transactions twice exceeded exceed exceed- ed 2 shares shaves bringing the total number of ot 2 share sharo days das so far this year to fifteen 4 Although the failure to reach a a. nite settlement of or the French debt was disregarded 1 in the stock market It caused au sed a 11 sharp reaction in Fren Trench h bonds and francs Sterling exchange also alRo sagged d to the lowest lei level el since Great Britain's return to the gold goM standard following the lowering of the tho London bank rate late