Salt Lake Telegram | 1926-01-21 | Page 8 | Durant Drives Bears to Cover

Durant Drives Bears to Cover Recovering in Hospital He Hurls Support to His Pet Stocks NEW YORK Jan 21 AP AP Durant Is bark In Wall street Tho market has rallied to orders Issuing from his sick sick- bed William C. C Durant automobile manufacturer manu recovering at the postgraduate post ate ato hospital from Injuries he suffered recently In a train wreck yesterday heard that some of his pet stock were dropping 3 to 10 points He lIe Immediately Immediate immedIate- ly hy started n a flood of buying orders that are credited with driving use the bears to cover and lifting the market He lie has lias hal had a telephone service In Installed Installed In- In stalled at the hospital and has been following the market eagerly with the aid of a secretary despite two twenty stitches In his head A telephone circuit connects his bed with his own offices office and those of brokers Ills main purchases were in Baldwin Locomotive United States Cast Iron IronPipe IronPipe Pipe Independent Oil and Gas and Humble Oil and Refining He lie la Is said to have bought thousands of shares during dur dur- jog ing the day and to have realized realised a profit at the tue close of trading The Tho Durant crowd was quick to climb aboard his bond band wagon and further further fur fur- ther strengthened the market Baldwin rallied from to and closed at United States Cast Iron IronPipe IronPipe Pipe rallied from to and then eased to and Humble picked up 3 points On January 10 Durants Durant's private car was telescoped by another train at Frontenac Fla three of the crew being killed Mr Durant was hurried here In Ina a special train Ills say they have havo no objection objection tion now to his activities as long as he does not excite himself He lie expects to leave the hospital the first of next week beek 0 5