Salt Lake Telegram | 1926-03-20 | Page 9 | Weekly Financial Review.

WEEKLY FINANCIAL FI REVIEW NEW SEW YORK M larch 20 0 B By The Tho A Associated As- As sedated J Another sharp re reactIon reaction reaction re- re action In the stock market this week which carried the Av averages Average to aroun around the low let levels le el reached In the drastic reaction during the first week of th the month naturally revived d. d fert fear ears of It Ita It possible deterrent nt Influence n e on It general renera business s. s Oth Other r Interesting features feature o othe of the week were ere the lowering of time money mony rates and further d decline lIne In Fr French francs franca which carried them them t to the lowest lev level I since place 1924 Motors bore the brunt of ot the selling pru pressure re In Ib the stock market markt Acute Acut of ot Hudson dropped from Last Lut fA closing lure II f to fo 8 1 to 04 OJ 1 1 waR wan explained by th the th pub lrA on of ot A a relatively ly x Or r re report re report port for tor the fiscal quarter ended February February Feb Feb- rusty 28 Other 1 issues lu In lit that group it were ere sold old soldon on ott reports report that spring pale dales of come som makes of cars can w were ro disappointing am and that dealers dealers' aleu hands handl were well weli stocked clocked Trade news new generally was favorable Mill MIH operations operation ot of the U U. S. S Stell cor con w were re reported to be running around 05 15 per cent rent of cop capacity freight dir car are being maintained a at record high levels most meet of ot the 1925 earnings reports that are now making makinI their appearance e are arc favorable and announcement announcement an an- was wal made of ot ever several I special dividend distributions Including In Increases Increases In- In creases In the annual rates rate on International International International Inter Inter- national Harvester Chesapeake and Ohio common Nickel lck 1 Plate common I Kat preferred l and others Oils offered strong redolence to tl sellIng sell sell- Ing pressure de despite le the Increase In crude crud oil output last Jut week Merger M talk was wa a a. sustaining Influence t steady ady accumulation accumulation ac so- taking place In General p Pe- Pe on reports report It U would be absorbed by the Standard Oil company of ot New Sew York Tork Food chain store tore and ami ITI merchandising shay shares were weak Selling Rel was wa In Influenced flu encel by the passing of the National Cloak and Suit dividend and nd by the belief that some Issue hauM In this group were selling ceiling I too IJar far out of ot line with I their current t yield Reports of a slowing down In building building- construction and Increasing foreign competition competition com corn petition had a a. restraining effect ct OnIce on the he Ice te 1 shares share Revival of rumors rumon of ot a m merger of Independent companies 1 failed to stimulate the buy buying In of tics the shares involved ol Southern Railroad shares were heavily lIy sold on unfavorable rumors regarding the FlorIda land boom Despite strong Intimation In banking quarters quarten that thai he the Nickel lisle merger plan Ian would be revised d to meet the approval al of the interstate commerce commence commission and the higher dividends dividend further liquidation took hok place In a number numb r of the menger men roer ger er rails rail Selling Of other rail rails rail may have been Influenced by pending wage wae demands and the sharp harp difference ol of opinion among railroad euc executives over the Watson Parker bill