Salt Lake Telegram | 1926-06-15 | Page 10 | Wall Street's Close is Strong

Wall Wal Streets Street's Close Is Strong 9 I Markets Market at a Glance Gance NEW EW YORK OUR Stok Stocks higher oil oU and copper shares share lead leod rl rise t. t irregular local traction tracton Is Is- tun heavy I exchanges steady Spanish rai rally Cotton oton lower favorable weather r. r lu nr steady better spot t l market Coffee firm fn buying burin CHICAGO Wheat higher rains rain harvesting I I I Corn orn steady sympathy with wih wheat at 11 Hogs 1011 weak 4 NEW YORK YORI June 15 By the Associated Aso Asso Asso- dated Press Press Heavy Heavy accumulation of the oil 01 and copper shares share tea featured lured the tha resumption of the upward movement movement movement move move- ment In today's stock market The rapidity rapid it ity ot of the recent rise rlee combined with th the fact that the market Judged by th the th Industrial averages had regained half hal the ground lost In the tho March reaction led to tn extensive profit taking taking tr In recent strong spots but hut the selling elling was vei well absorbed Practically all al commission houses report reported cd a substantial increase In business testifying to expanding public public pub pub- lic lc with wih Indications in n the early afternoon that the days day's a sales Jd J It would cross oo snares re Favorable merger merler and dividend ru rumors ru r- r snore mors mor accompanied the rise In the oil l shares apparently little attention being paid private estimates of a substantial Increase in crude rudA oil 01 ro production u ton last lat week Marland Macland one ot of the called so-called so-caled so Morgan stocks changed hands In large volume moving up nearly 3 points to lo a anew anew new nev high bight record for the year at 62 6 Texas Texa Company Panhandle Producers Producer and Refiners and Lago also aeb touched new high records record Th The ThA Pan-American Pan issues Issue touched new high levels on the tIle current recovery the B stock crossing crosIng 75 Coppers moved tor forward ward under the leadership of Anaconda and Cerro de dePagan dePasco of this being stimulated stimulated Pasco Pagan buying group by the stiffening of non-ferrous non metal prices another Increase se In lead beIn being being be be- In ing announced u this morning rn Motors continued 11 to ral rally I 7 under the stimulus of short covering Mack Trucks and Hudson each showing net gains grains of ot at lea least leant 2 points by early afternoon Ward Vard Baking B was running up lip nearly 3 points on what appeared to lo be pool bU buy In T Rail flails lr became prominent In In th the thA early afternoon Atlantic Co Coast Colst st Line quickly moving up lP 3 8 I poInts point while Nickel NickelPlate NickelPlate Plate Illinois Central and Southern Pacific were among tire lr many Issues to sell a point or so higher taking Profit won was most moat mOlt effective In Brooklyn Brooklyn Brook Brook- such luch issues Issue as ae DuPont Baldwin lyn Union Gas and Central Leather pre pre- Jre- Jre rS strong Bullish activities activities The closIng was wa ties continued unabated In the late trad trad- tes ing A fresh buying movement was v-as as started In General Motors Motors carrying that stock up to a new high price at while rallies of 1 to s a points embraced raced Mack ack Trucks rall DuPont American SmeltIng Smelt Smelt- Ing South Porto Rico Sugar Texas Gulf GuI Sulphur and nd National Tea Hartman was depressed more than a point on the tise announcement of a change in the dividend divi- divi policy poley Total sales approximated shares sharel