Salt Lake Telegram | 1926-09-28 | Page 12 | Wall Street's Close Irregular

Wall Wal Streets Street's Close Irregular NEW Sept IS 28 iDY By UT time the thE Associated Associated Asso Asso- elated Press Press Press-Hea Heavy vy buying buying of ot half a dozen high grad gradi Industrial stocks turned the course of prices upward In today's market after an early period of larity Rear Bear tracers taking taking- advantage of stiff call RJ money rates rate and the tile heavy calling alling of or loans endeavored to unsettle the gener list durIn during the morning morning- but bUI they marie marle little headway and ru rushed hed to rover over when large buying orders appeared In United tate States Steel common American Amen Ameri can Lan Smiting General Rotors and anti DuPont Du- Du Pont Tont Steel again crossed General Motors was marked up UI to a new record high for the present Issue before the end of the third hour American Smelting rale rallied 5 points from yesterday esterday low on reports that the directors would either Increase lIe the regular dividend from 7 to 8 U or declare an extra etra dividend at a next weeks week's meeting Allied Aled Chemical sold down when only the re regular ular dividend divi end wa was declared dE hut rallied later DuPont nearly 10 points poInt to a new ft 31 record 1 c high around I The he brisk manner In which h several st stocks ks rallied indicated the presence of a large short Interest Special took place In such u h ls Issues ues as Commercial Solvents Solvents Sol Sol- vents yenta n 13 R. R South Porto RIcan Sugar Congress Congress Con Con- gress Ciar Air Reduction and Cudahy Packing all al of which sold 2 4 or more p points ints above yesterdays yesterday's final quotations Rails Halls were firm but quiet The closing wins was Irregular Price movements movements movements move move- ments w- w were wre wre re confused In the late trading when releasing and antI bear selling forced sharp tharp rece recession In the equipment shares Mack Macle Tru Trucks k Chesapeake Ohio and Southern Souther Railway Concentrated buying continued In several specialties lu such h as American rf lei Ice and Warner Stewart R as ci aswell well wel as In the chemical and local public utilities S Issues Total sales approximated 1 shares A I