Salt Lake Telegram | 1928-07-20 | Page 25 | Wall Street's Close is Firm

It a aWall I Wall Wal Streets Street's Close Is I Markets at a Glance I EW ORI high grade Indas- Indas trials bonds raIl rai mIxed with eull smal changes change Foreign trUng and ami lire a i r en rise 5 poInts Lower Cotton Lower Coton-Lower cros crOl ad- ad keL S. Sugar buy buy- f support Coffee ff CHICAGO ol house Wheat Firm I at large lae export trade trae Lower Corn increased sf Corn r country courtry brings a- a Cattle Steady lions to lower 4 NEW NEW YORK July 20 0 The The P-The- st stock ock market displayed a complete re reo v versal ersal of fOrm today selling off a at t the opening and then rallying briskly E Early arly heaviness undoubtedly was wa due to s dIsappointment over o the re small smal decrease or of In brokers brokers' broker loans but the marking down of the call cal money renewal rate to 5 1 per ce cent nt the lowest est lo since lIay May 7 7 revived b enthusiasm Wall WaIf street apparently was as pleased at th sharp decrease c s In f federal reserve re- re d f 1 In the New York ka kaI district I 1 ie I p of In Canadian gold goldas w was as more than offset oCtet by the withdrawal withdrawal- o of f In earmarked gold for s to France Fears of a n stIffen stIffen- i Ing ng of money rates later In the month f s till sun on persist trading and have ha e a restrictIve of- of e- e and mal mall order Issues again a special specia buying on reports Q ol l large arge current busIness McCrory Stores c common and the B stock and Mont Mont- omery gomerY g Ward aU all moved Into new ew high g round ground Steel shares share reflected the op op t trade predictIons of better beter busi n ness ess In the last lat half of the year gains of o f 1 to nearly I 3 points point being recorded by by- U. U S. S Steel common commom Bethlehem Rep l F Ic Fuel ie uel Vanadium Gulf Gul States and Eastman Kodak ran up more than than- 7 1 poInts and Allied Aled Chemical Wright Aeronautical Coca Coca Cola Davison Chem Chem- i cal Ical American International eel American Linseed sold I 2 to 3 3 points al hIgher Case Case Threshing Midland Steel Products Preferred an American Express were under pressure The closing was firm High grade i Industrials were In demand in final dealings American International Allied Aled Chemical an an UnIon Carbide gained 5 to 5 51 poInts Warner Varner Bros Broa Pictures Picture 3 extended its Is rise to more than 4 Wright Aero moved up i 51 and Montgomery Mont Mont- gomery Ward 4 Total sales approximated mated shares