Salt Lake Telegram | 1929-09-22 | Page 26 | Wall Street Market Struggles with Heavy Liquidation in Short Session

STREET MARKET WITH HEAVY KEAVY LIQUIDATION IN SHORT SESSION Assortment le of Industrials And Rails Sink Sinic to Lower Levels While Utilities Score Advances i American Telephone General Electric Ana Ana- eonda and Union Pacific Among Issues to Suffer Moderate Losses Public Service of New I Jersey Jumps to New High HighBy By CLAUDE S SS S'S S S 'S 5 Press Financial WrIter Th Th tock stock market asin had ta to liquidation came off id thin than Price trend were again highly confuting a wid ai as of leading industrial and rails losing blinD ground while forward D however ware war S front from 1 I tb to 3 S S was was- practically nothing ln news 8 to Influence the themar- themar a Me In In- that tie Hie debacle in tn the In London be of proportions than ix- ix CT It expected ed reverberations in lt Is expected that It resulted in considerable O of American storks held It and that this thIs selling may completed th s business and tidal fl- fl dal information coming to hand fAy rable The week end re- re pointed io fo better retail and and a little betl bet het- l f for products The okIn In the automobile ut Industry remained uncertain While cf the makers maher of expensive sald tobe stepping up op op- of the priced low were t 19 have id up arid and deMers' deMers stacks were tn be There but I mone predicted conditions next week further decline In were In street f correction o of an art over over- 4 i f position accelerated by ns and lack of more finite Indications as s to trend th And m tor industries rt Y ert re unconfirmed rumors M trusts trusty were taking Alt In order to be able real realized ca earnings ml hgo lie end end of the year yea It T M ted out out however that many nany and ami new In the Immediate fag Mid that leading banking I In- In Id therefore bo cohr con coh- r tart lo to support the market dt Hues as asU U S Amen Amen- BJ General Electric tenda du Pont Pent New v t ft Central Simmons National h Register and West to Electric e lost about 2 t to 2 Ms itts Union Sun Allis 4 and Case Care Thresh Thresh- L Radio wn cit again under pres- pres res- res rt at 95 5 off a. a point The stocks were heavy Curtiss- Curtiss and Aviation corp corporation to o new new- tows Mexican Seas Seas' Sea vas s' s particularly heavy It about 7 poInts to ii anew t j J 4 1 as compared to the fir but t The California gas Ras con con- law 1 Is- Is in tn hm- hm t U development plans In that lr Service of New Jersey wah wa wc h I about 7 to a new Columbia wrest American and Forein tb to climb cUmb Into new iW United corporation coi se l 5 t to 72 distance of Ha Its record hJ ln response to an analysis hf v value lue of bt Its hold hold- tat equal to Allure Adding dat Ia- Ia t new new- lh ground in declaration of ah an extra n IP of J. J an several p Iah- Iah Ic ro ter oter Chi ChU Al- Al eM tid P. P 0 G. Shattuck ni tino w With the d x- x o of American International W kh back A a c couple uple of tI In profit taking Investment U were ere The newly listed t roc I to a new peak and fit rs r- r s and Railway Hallway and Ex- Ex n new high ground up of points ere Inclined to sap sag ed a cent or sop aoa bushel or export d demand ma i arid and weak fc nd lost co corn about an ai much weather wather forecasts and t t demand Cotton slightly jn exchange le leading currencies v Were re a a. little cables held B Rt J t Its JOV low level of the y year at atwell u-I. u well bIow the t- t 1 id the tho Canadian dollar WP 4 t a idis of a full cent