Salt Lake Telegram | 1923-01-08 | Page 13 | New York Bond and Stock Markets

m mil il Yo New York ork Bond ad and Stock Markets SHORTS FAil TO SHAKE MARKET KET Wall Wal I Street Absorbs Bears Stocks Close Firmer Firer W EW YORK Jan S. Professional short Interest endeavored to depress I prices In today's stock market using the unsettled foreign political and economic economic eco eco- situation as an excuse excuse but their were well absorbed and the wel general list Ward vard on Jt Was inclined d to move upWard up- up on aggressIve 5 po pool l operations and buying of special Industrial stocks for fox IndivIdual reasons Sales approximated L shares Speculative spread much over OYer a broader hour list before beCore fore the end or of the fist first firt Crucible broke 2 and I losses P points Inta o of oC i I. I to lB IB took look place In ln AmerIcan Amen Amerl- can an Locomotive oS ii e Baldwin Chal mera fliers mers Chandler Chal Alis-Chal- Candler Pan American A A. A and andLa L B B. B r California n P Petroleum and Coca Cola La Cola Coca Lange fractional nal hS salons were scored by Union Pacific Pacific Gas Punts Punta Algers taS Sugar c Corn rT Pro Products United tal the tates losses Alcohol l and Delaware ware la-ware Hudson ranging from 1 i to nearly 1 I point Foreign n Forel exchanges opened easier asler demand sterling selling around off ott 5 and Fre French Ch francs selin at 85 6 cents cents- points German marks dropped to tc toM I cents a hundred another new low M Distribution lon of ot supporting orders and a a renewal ot of p pool operations In recent favorites turn turned d the course Coure of or prices I absorbed upward after ater The the he rebound earl early selling cancelled had been or OX substantially reduced the canceled early losses S and pushed a number of ot the leaders I well wel above Saturdays Saturday's final prices Independent In In- In dependent steels rallied briskly Cruet ble bla Jh wiping out Its early los and Cruc- Cruc Bethlehem Beth Beth- i lehem B. B Republic and Gulf Gul States ris ne' ing a point or ox or more above last lat weeks week's I final figures Marked strength also alac I was noted In Manhattan Electrical Supply up 3 33 Steel and Tube Preferred Pre Pre- eu u up 4 and California 1 co a Petroleum rr l Chesapeake Ohio Pan American Associated Associated As As- Dry Goods Overland Willys-Overland L Preferred Stromberg Carburetor verland Wells Wens 5 Far Fargo North American Public Service I of ot New Jersey and Continental and American Can all al up 1 points Pro Pro- sellin selling made Its Is appearance I again before midday and quoted values were shaded in a number number- of or active shares Cull Call Cu money opened at 4 41 H per pes cent Indications that realizing sales were being well wel taken and the persistent L rise In stocks 8 In which pools are re refuted reputed reputed re- re to be operating caused the S shorts to manifest manlest some uneasiness anc and 1 their buying was responsible for another another an an- other upward turn in the market dur dun durIng ing the early afternoon The demand L for Cor or the leaders was light but nevertheless Baldwin BadwIn climbed to tc I and St Studebaker debaker to American 1 Telephone Telegraph was supplied freely and lost a point while Woolworth Wool Wool- worth was marked up 31 3 California L Petroleum Petroleum and General Baking 3 Wells Fargo Express The losing Closing was firm Shares In ir I which practical developments are pendIng pend pend- Ing Ing ng were actively bought In the final fina I dealings strength of oC Chile Chie Copper Coppen revIving reviving re no- re- re rumors of or its merger with wih the I Anaconda company Other Industrials I also als held up upwell well wel some of oC the outstanding out out- outstanding standing strong spots being A Untie lantic defining General Baking Baking- Eastman EaSman Kodak Kodak and Crucible Steel Preferred all aU up 3 to 9 points