Salt Lake Telegram | 1933-02-18 | Page 10 | Stock Market Week-End Quiet

STOCK MARKET ' WEEK-END QUIET Scattered Sailing Largoly Offaat by Buying or Short Covering NEW YORK, Feb. It (A Tha atock : market moved sidewaya in a quiet week-end session Saturday. Scattered Scat-tered selling was largely offset by buying or snort covering elsewhere in the list, with tha result that price averegee showed scant change. Tha cloaa waa barely atoady. Transfers for tha short session approximated ' 300,000 aharaa. A few apoto cropped out in tha final dealing. Union Carbide lost a couple of points. In connection with which news Urkera mentioned uncertainty uncer-tainty over continuance of 30-cent quarterly dividend. Pressure against Consolidated Oat reappeared, that ,. issue losing mora than a point B-M-T also sagged a couple of points. In the socalled "wet" group Liquid Csrbonic rose about a point and National Na-tional Distillers, Crown Cork. Owen Illinoia Class and others were up fractionally. Rails were about stosdy. Wsll street wss Interested in tha statements of L. T. Lor before the - ' senato finance committee. In which ho explained large economies which tha carriers could effect through giving giv-ing up excessive passenger service. Penick At Ford rose more than a point, while Corn Products lost about as much. U. S. Smelting waa again firm, riling more than a point Amer- , lean Smelting and American Metals were up fractionally. Thee Issue have been affected from time to time by plans to bolster the price of silver. XI. 8. Steel closed about steady and American Telephone lost a minor fraction. Motors were about stosdy. Fresh strength of tha European gold currenciea against tha dollar ap- . peered, but wu somewhat leaf marked than In recent sessions. Indication Indi-cation that the International speculative specu-lative ring, which has conducted raids against vsrious currenciea In recent years, was sgain active appeared ap-peared in absurd rumors circulated abroad concerning American affairs. In authoritative banking quarter here thia was regarded aa Indicating that bears on the dollar were trying to cover. The advance In sterling halted, that currency holding about steady. In the continental gold currenciea, the French franc advanced only a quarter quar-ter of a point Dutch, Belgian and Swiss currenciea were up a few points. The Canadian dollar continued con-tinued to case. Recent firmness of silver wa reflected in an advance in tha Mexican dollar. Markets at a Glance NEW TORK Stocks, irregular; changes narrow. nar-row. Bonds, lrregulsr; U. S. tress-uric tress-uric easy. Curb, irregular: trsdlng dull. Foreign exchanges, firm; dollar dol-lar steadier. Cotton, quiet; trade and Wall street buying; absence ot contracts. con-tracts. Sugsr, lower; commiuion house selling. Coffee, higher; trsda buying. CHICAGO Wheat, weak; selling on ad- w vsnces. Com, wesker; enlarged receipts. re-ceipts. Cattle, nominally stosdy. Hogs, stosdy; run small and mostly direct. WHAT THE STOCK , MARKET DID Sat Frl. Advsnces 12S 24T Declines 193 134 , Unchanged 127 143 Total Issues 405 624