Salt Lake Telegram | 1920-05-13 | Page 8 | Wall Street

WALTZ WALI ALb STREET NEW YORK TORK May 13 The he The stock market was l less s susceptible to professional pressure today standard issues showing signs of at an overextension of ot the short interest Sales Sale I approximated shares Lack of ot buying power effected further I shrinkage of quoted d values at the moderately moSer- moSer I active rih opening fh ln Overnight advices advice cd Scaling with the general Industrial and financial conditions were mostly of ot a character character char char- acter to give renewed encouragement ement to the short account Pressure Presure continued to concentrate concentrate con con- tle In fn steels equipments motors moton and textiles In which reactions averaged a point Investment als trails also lost lot ground on prospects of ot a new strike In the Middle West and specialties reflected additional liquidation Selling of ot steels teel equipments motors motor and continued during the first tnt hour I Dividend paying rails rais recorded additional losses Canadian Pacific declining 3 points poInt Atlantic Coast CORat Line 2 I and Union Pacific Illinois Central and Louisville Nashville Gentral 1 point each Commission houles houses traced most of the offerings other than those of ot professional origin to Interior points poInt where restricted credits credis labor disturbances and 1 reduced d business activity now prevail I Toward noon oils led a rally raly In wh which Ich re re re- s ran from 1 to 3 points poInts with a gaIn I of 6 points for tor Atlantic Gulf wih Demand loans were unchanged from yesterdays yesterday's rul ml ing Ingrate rate mate of 8 5 per er cent but British exchange e Liquidation Liquidation ceased at al midday and nd gain ot of I 1 to 2 points over yesterdays yesterday's final quotations were made by Crucible and Steel BaldwIn Locomotive AmerIcan American Amer- Amer Ican Car Mexican Petroleum American Woolen and Corn Products Product while Amerian UnIted States Steer recovered its loes of Ill a point became very quiet on the rebound point Rallies of the were extended later oils steels and equipments much ot of theIr loss loe In other quarter quarter recovering how how- ever the advance failed to show ble bIG lam lar improvement The closing was wal