Salt Lake Telegram | 1926-07-28 | Page 10 | Wall Street's Close is Strong

Wall Wal Streets Street's Close Is Strong T u r r- r Markets at a Glance NEW XE YORK r locks tocks Strong Strong YOI General 1 Motor Motor rench reaches new nw hl high h above Steady Bonds 1 roll mil mi Inane active ethe Foreign exchange Mixed j I francs I slightly lower loner lor Coffee Hl bullish crop crop re re re- po ports rt s. s Kasy Increased pot spot offer offer- ing Coffee 1 steadier BrazilIan Brazil Brazil- Ian mn markets Darket CHICAGO Wheat lower temperatures Canada Corn Lower Corn trl l Loner beneficial howers Cattle niti null liberal supplies log Lower c- c ci iNi i w July Uly it in d ay ty tue tie Asso Associated AKU- AKU sno dated Pr Press Preas-Ona Preas s-ne s Ona of the broadest buyIng buyIng buying buy- buy Ing movements In lucent weeks week Inspired by the unusually favorable quarterly reports re- re reports ports of ot the General Motors and United States Steel corporations carried over overa overa a a score sore Issues to new high levels for the year or or r longer In today's stock Itak market The volume of ot business was only moderately heavy but commission house advices Indicated a gradual gradual In Increase Increase increase In- In crease In public participation General Motors continued Us its Is sensa sensa- tona advance by climbing over over 4 points poInt to a R new hl high h record for tOI all al time around 16 a a share The latest advance In Inthis this stock was accompanied by unconfirmed firmed rumors that the name of the corporation Is 10 to- to to tobe b be changed to the G General Gen n- n eral Manufacturing I corporation which will wil be organized with only one class clus of ot stock for tOr which all al four classes es of o present General Motors will wi be exchange exchange- able The ilie r reason aSon given for this thit reported change chang i Is I that the present resent name name does not adequately ly v characterize the widespread wide wille- 8 spread t d activities of th the corporation which Include In addition additon to the manu facture facture at O cars and accessories the manufacture and and sale of ot electric ref refrigerators refrigerators rig rig- lighting and various finance and real real estate companies Steel shares hales received added stimulus from the publication of ot the weekly steel stel reviews t the e Iron Age reporting the fact tact that th the final week ot of the month was marked marked by an upturn In o operations op up- was wan Wal a R fresh sur surprise Pears Fears that the tie failure of ot the United States statU Steel corporation directors to make a special l dividend distribution at this time tinie would caus caus heavy heavy liquidation of the stock lock proved d to be unfounded as It rallied at least leat 2 point points above last lat nights night's close after ater an aOl early Int Interval of heaviness Sugars and and ane oils ois also made a quick re response re- re to reports of improved trade pon-e pon conditions con con- while rails rais gathered strength on the announcement nt that tt freight car lOadIngs loadIngs loadIngs load- load Ings for the we week k ended July 17 broke all al records for the r. r The closing was ii strong Buying in interest interest In t terest reH was WU heightened In the late ISte lAe tradIng trad trad- ing rig as gains were extended throughout the list and additional prices for tar the year recorded Dullish Bullish activities were carried on with Increased vigor In the steel motor chemical and industrial specialty shareS phares hare Total ant sal sales s approximated approximated mated share shares shares'