Salt Lake Telegram | 1926-08-13 | Page 20 | Wall Street's Close is Strong

v W Wall lf Str Streets Street's ts t's Close Is Strong f I y Markets Markets at a Glance I. I NE NEW Yom Stocks firm Atchison I leads rally after uter early slump I Honda h lieu Jo Issuer heavy II i i y r renet nt on un bank balli rat exchanges steady stead i Ir French franc firm finn Cotton steady tealy foreign buy ln 7 Sugar I Coffee lower v v- v w Orleans 5 selling N NA CHICAGO A liNit ea easy y i h corn om Corn lorn weak o ROOI gOOl rain Cattle steady i hogs lIoI finn J 2 i NEW NEV YORK Aug 13 By the Asso- Asso elated dated Pr Press Press ss Bullish enthusiasm for tor fore fori V e i oj high priced Industrials and specialties JI sl riX was vas chilled by the unexpected Increase f. f f- f ff In ln In the New ew York federal reserve re- re rediscount f discount rate with the result that stock tOck tOcks 0 I prices broke sharply soon soon after after the thet IJ J s t J opening of ot today's today stock market and the on made Irregular recovery S then of ot strong Investment dew de- de appearance a a a. rails I w nand mand for tor the high grade fl k 6 r ratel rate te lt fears that the higher bank bani l would lead to a restriction of ot credit fOr or market operations led to rather selling for tor both accounts early heavy heavy to ten points being 1 declines of one scattered over a rather wide list ii however Confidence when was yas another partially tI strong n e restored buying T k V I K t. t movement ment developed In Atchison cOmy common com com- record record rec rec- crossed to a a. new mono mon which y four fourpoints for tor all time and nearly t ord high 7 points above last las nights night's cI close Norfolk or t oln Western Baltimore a if e Ohio and Southern Railway preferred aleS alsi f. f eclipsed their previous 1926 peak price while substantial 1 gains Kalns were recorded b by other high grade Krade rails ran trading Nervousness characterized the al although ci- ci In let the Industrials and specialties though United States Cast Iron Pipe 1 had made up nearly all of Its eight eight- of the he third hour F. F point loss by the end anI recoveries s of ot two to four points t. t an end place In a ait at at levels from the low I g The good news t it umber of ot oth other r Issues fe 1 I f the on e General distribution is f tl Motors 0 of a 60 50 which h per cent announced e o stock h dIvidend to Its stockholders yesterday discounted by been have F i v appears to stock advance In that sensational i recent r one-half one points as asIt It It opened one ong and lower extended Its loss los t t. t t seven point J 11 by toy touching and then hovered 7 around d tee tse O mark r I J K ar The c closing I was as strong Many early losses tosses were converted concerted Into gains In the r. r Y under the Impetus of strong late lale trading J buying of ot the rolls rails and K w Inv Investment Industrial the short covering In 5 active crossed and Norfolk list Atchison on both new top tp reached 16 I Western r rallied Machine Threshing prices Case f announcement that Jd sir si-c points on th the fr l I t stock dividends on the preferred I j lIa back a lc- lc k n had d b been en cleared up i sales approximated Total t i- i v shares shard res jj 4 l 0