Salt Lake Telegram | 1926-03-17 | Page 10 | Wall Street's Close is Weak

Wall Wal Streets Street's Close Is Weak NEW YORK TORK March 17 By the Asso Ayo elated dated Presa Alternating IreM Alternating periods of weakness and strength In toay today's stock market reflected the play play- of ot opposing speculative forces force torce in their struggle for tor forthe the he control of ot the price movement movement Taking Tak- Tak ing ng advantage of ot the te apparent lack of extensive public participation bear tra traders traders trad trad- ers en succeeded In hammering down a number of ot stocks particularly In th the to fod d and merchandising groups roup The pausing passing o of the National Cloak Clolk I k and S Suit i dividend I d do dp apparently p e iI proved e an eu excuse e eS for selling Fears earl that merger plans were by the division of the Van to release the stocks tocks deposited de do- posited pOlled under their original plan brought about some liquidation of ot the railroad shares barn Lackawanna Delaware 8 Hudson Juon Mud Hud Ju son on lere Marquette preferred and Soo preferred each falling about 3 points Chesapeake l Ohio whose whole directors are expected to take special dividend action it at a their meeting this afternoon slipped rom from 13 to 18 A lu sudden den demand for tor Standard Standard Oil 01 of New ew Jersey which was WA bid up 1 H Hi points In the early afternoon afternoon after after- noon checked the selling In other lers trl and led ted to a resumption of ot bullish operations particularly In the motor and other popular Industrial shares The closing was weak With lh the failure of ot professionals t to bring about any ny sustained recovery support was Wa generally gen gen- ealy withdrawn In the late trading and prices crumbled rapidly away Ward ard Baking B D broke 8 8 points to a new new low lowal at al U and aDd declines of ot 3 I 3 to 6 points embraced Nickel Plate Central Leather General Petroleum Pittsburg 8 West Vest Wet Virginia and Brothers Brother Total sales sale sl approximated shares share I