Salt Lake Telegram | 1926-01-03 | Page 21 | Motors Start of Bull Rampage When Wall Street Opens for the New Year

START OFF WE WALL STREET OPENS FOR YEi Traditional Demonstration Comes Off on Eve of the Opening New Yorks York's Automobile Sh ShI Rail lail and Industrial Averages Pushed Up in inS i of Heavy in Some Issues Specialties Generally Forge Ahead Although Some Break NEW YORK Jan 2 By the Associated Associated As As- Press Stock Stock market av averages averages av- av Twenty Twenty Industrials Halls Saturday Thursday Year a ago co High 1925 Low 1925 Total stock sales NEW YORK Jan 2 By the Associated As As- sedated Press Iness Opening of the new year on the New York stock exchange was celebrated by a bull bull- ish demonstration in the shares Both the rail and Indus averages showed moderate gain the day despite rather taking in some Issues Trading unusually heavy for a half sea aes sandwiched in between two it days total sales exceeding one lion shares The in the motors was as the traditional der cler in that group on the opening of the New YorkA mobile show Chrysler soared over 9 points to dc clo 2 points below the She top Ger Ge Motors climbed 6 4 3 to 1241 Hudson showed a net gain to 2 1 and Mack Trucks m mo up 6 2 1 to Chrysler B stock Jordan Studebaker Pie Pi Arrow common and preferred White showed net gains of 4 points 1 Heavy realizing sales checke checked early advance in the oil sha which have been heavily bought bough on merger rumors Gen Petroleum touched 59 2 1 est price since It was listed in in A 1924 and Simms touched its est price in over a a. year Rails Halls also were subjected heavy profit taking although ware Hudson was bid up to tol the highest quotation since 1913 then eased to 4 3 up 2 4 3 on the day Katy advanced over a point poin 93 8 3 the highest figure year Standard Industrials display strong undertone United 1 jS Steel common closed higher at 4 3 Baldwin ah aha she a fractional gain at 12 1 American Can moved up 2 3 4 3 1 American at 8 3 its highest price nearly two decades Mixed movements took among the specialties Typewriter Jumped 8 2 1 poi 2 1 a new high record Woolworth climbed nearly 81 to Net pains gains of 3 to Tip 7 were recorded by California ing Du Pont Federal Mining Smelting Fisher Body Interns Intern al Business Machine National and Cloak Sears Roebuck Porto Rican Sugar United United Railway Investment and United States Cast Pipe I S. S S. S Kresge broke 35 polo point on one sale International Standard Milling and Uni Union i iI I Car were conspicuously healS heal'S Trading in the foreign was extremely light with changes generally unimportant mand sterling held firm S 4 3 and French francs 0 slightly higher at II e