Salt Lake Telegram | 1923-07-13 | Page 11 | Stock Prices Won't Steady

iSTOGK PRICES WDNTSTEADY Sharp Reaction Followi Early Trading ''". .- - 1 NKW TOKK. Julp U tak Bficaa rftaotad sharplr lm tha lat-iar lat-iar part tf today market attar an arly pariod of lrraerulartt y. flno-ulatlTo flno-ulatlTo baJlof that Prftmior Bftld-wla'ft Bftld-wla'ft apaach baa brought tha reparation rep-aration prahlam a atop nearar o-) o-) ut Ion wad an Important factor la the day buying-. Bale approxl-matftd approxl-matftd 4S.00 aharaa. F.ftrlp trad in was rather Hatlefta wtth pric change ;aaarally ua-important. ua-important. There wa a moderate demand for tha steal, equipment ftno automotive aharaa, American Car Handing Its gala to 2ft point and Oraat Northera Ora and Amerea Looomotlva to a point. Famou PI ay are droppeVl 1 1.4. Demand tterl-(ng tterl-(ng opened )lghtly higher, but tha othar principal foreign h-changa werft heavy. Improvement la -tha technical position po-sition and the hotter outlook for an adjustment of foreign trouble brought soma buying order Into tha market during the first hour. Execution of theae orders carried various stocks up a point or twa. but as noon aa the demand was satisfied, sat-isfied, prices fell back. Ameticaa Car reacted 1ft points and American Can, Baldwin. Studebakar, Pan. Amtrlcan"B aadL'aioaaFaailU. one aach. Toward mklday prices again stlffanetft, Tha dullnaaa was tntanaa durinr tha forenoon that many ordinary actlva tck ware not dalt la at all. . Call money opened at I per cent. Buying wfts mora varied 1n b afternoon. Thft customary dealara ! crept up slowly to a parity with, thlr high prtcft of thft forenoon.' while number of Itsa active aharea wero also atrong. Laolerl Oaa advanced ad-vanced three polnta Sloes Sheffield Steel I 1-4. fitawart-VVarner I t-t, IJgrett and Myers P S 1-4, sad Wool worth t points. Wilson Pnck-Ing Pnck-Ing preferred and Omaha dropped to new low levels for the year, with I oms of 4 1-4 points respectively respective-ly The closing was elrong. A brisk demand appeared for the railroad shares In the late dealings and brought about eitenalve short covering cover-ing operations which carried a number num-ber of the share to enarly 4 points above yesterday's oloelnaj prices.