Salt Lake Telegram | 1926-05-16 | Page 22 | Renewed Selling Pressure Against Motors Gives Street Reactionary Trend

SELL r G PRE L SURE AGAINST MOTORS GIVES I STREET Is Hardest Hit Dropping to a New v Low v for the Year Y ar Others of Group Gr up Follow Follo ils Show Early Strength but Fall Before Bears Near Close Many Industrials and Utilities Also Crash to New New Bottom Prices NEW V ronK May fay 15 By the Associated rr Pr w Pronounce y tendencies developed eloped In today's lIil stock Mock k when was wa renewed wed th the motor share shares harN several v ral of oZ which shed a-shed to new v low levels for th tho year Such constructive develop develop- a n as the return of ot sterling to gold parky for tor the first time nee flee 1914 and an t e In mid continent crude prices price apparently ere disregarded Trading was vaa rather dull dun t t first t. t but gained mo in the lat last at hour the day days day's sales It'll running over half halt a million ares lares despite the absence of ot many large s. Hudson was wa as the hardest harde t hit In Ine e motor group collapsing over lots Ints to 66 56 a L new low record for tor fore tore e year Oth Other r ISSUM In that group attain new low levels were landl landler r at 12 4 3 dge Brothers Drother A A. A at 22 2 1 PIerce PIerce- row TOW at 19 Warner Stewart at 1 2 1 Studebaker at 4 48 3 4 3 and at 18 1 l General Genera Motors dropped from an anny ny of or to 1 t and anden anden anden en rallied to IG 12 S. 3 off 4 1 on ono ona 0 o day Mack Trucks Truck closed 2 Ints lower at 5 6 g U. U j. j S. S Rub nub r common and Goodrich also broke rough their previous resistance Ints Inta and Springfield Kelly ted ed the years year's low I levels leeIs 8 s. s Oils Olla displayed a temporary ry out- out rat ot of strength on the tile n n of ot the unusually favorable 1925 report of ot the Standard Oil on of ot New Jersey ey and the an- an of ot higher rude crude price prices tt t they finally weakened with the thet tt It t of ot th list Ut Gasoline In n h in thIrty thirty two states tf'S during durIn arch as at h by reports ma made maae e wholesalers arid and rd retailers torn totaled led arl any arly gallons compared comPArd th h gallons in the tho same nth anth last y yea 1 ar an nn increase of or over per cent ent The tandl rd Oil on com com- ny of ot Indian i announced that it uld Increase prices 1 cent gallon ration on Monday fon ay tails Hall yielded h ld d ith lh the Industrials 4 spite pit the publication of ot extremely earn In srn reports report The Senard Sea Sea- ard rd Air line showed earnings 9 of or J 39 19 a share hare on n tho the common stock It year ear as in n 1924 i iId Id d the Valley road ex ex- eta ets ts to show v record breaking April an as a result of ot unusually avy freight tre truffle that month antic h Const Coast Line closed a point gher her and Texas Tas arid Pacific 1 1 I 1 1 J but most of ot the oth- oth Showed fractional recessions Ant era da Corl corporation American ver wet wet- and t. t Light tigh ht- ht Belding ITem ITem- way Bethlehem h m Steel St Brown Drown I o. o Fisher Body Gulf Gult States eel erf Mackay company v Ward AVard rd National Cloak and Suit National Tea Ta Norwalk r re Tierce Pierce e Petroleum Republic in ln n and nd Steel Car- Car tutor rotor and Virginia Iron Coal and k ko also abo established new now low reels rec- rec ls ifor 18 for tho the year With reUh the cx exception of or cotton fu- fu rf which yielded 3 to 13 12 points Wot t the Uit principal commodity p et pointed fn te l upward Wheat 1 to 1 2 1 cents centIS a bushel w v sugar win wai unchanged but the tires ure-s were slightly firmer Cof- Cof showed net gains of or 8 S to 14 If nis Strength of or sterling cables which d a as high as us 48 3 4 was coun- coun a by the h weakness of ot J French Q nc I Which t touched another newt new f t r record cord at 3 02 12 cents Italian rallied nearly 20 points from low lo level lovel but the other rates rate showed narrow T 1 Irregular changes ARY TREND