Salt Lake Telegram | 1929-04-28 | Page 35 | Speculation for Advance Vigorously Resumed on New York Stock Exchange

PECULATION FOR FR ADVANCE AVACE RESUMED ON NEW YORK STOCK EXCHANGE l if Enthusiasm Over Resistance of of Market to High Call Money Rate e Of Of Friday Contributes Strength Streng h nied Aircraft Among Conspicuous Strong Spots Spot With gain Gain of 9 Points to Record High Price Westinghouse Westinghouse Ti house Electric Soars as Result of Favorable Earnings Report Coppers Make Headway By CLAUDE A. A JAGGER Associated Press Financial Writer JEW EW EW YORK YORK April Apri 27 AP AP Ar Operations for the advance were vigor vigor- sl Presumed on the stock market toda today in enthusiasm over the l which the market displayed yesterday to 16 per cent I oney ioney Week end taking profit taking was readily absorbed and about a U nf selected industrials were vero briskly bought money is expected next but eek Ck but is s expected to ease case I du lr thereafter as us the spring k ercia demands have largely The Th determined stand Ik ie bY the large New lew York banks banis venting any acute situation market maket yesterday was u reassuring Nevertheless ty I ding bankers are anxious to see seeding I df dins ding kept keyt within moderate g I ids Indicating that the large larger r r of corporate and for- for funds In the call cal market leaves dit structure in m a rather pre- pre H k s s state The days news was meager but butt raly favor ble ble ble including ad- ad tl lonal t l excellent first quarter ear ear- earn earn- ports among which West Vest gh houe u e Electrics Electric's was noteworthy g profit prom equal to 21 a al an l ln n contrast contrat t to in lii the period a year ago I indicating that a new i rations effer offer from the German eTtes fes may he lie forthcoming red reid re- re id d hopes of a satisfactory ot of this thI problem nfl finances finance days rh s 's trading was in the the- larg- larg volume lume of any Saturday session i month with a a. a turnover o ot of 1 1510 shares about larger tn l last st Saturdays The td d ress price pre indices indicated In t losses were moreIn more moro In ined d Aircraft was again agin a con con- cn- cn strong point elm climbing Sut S 9 points to record price Electric responded earnings statement with wih a aP P t nearly nealy ly 6 points Coppers Jew off of their recent slump and headway wadway with Ken Ken- tt tt and Greene Cananea making I regie le ie gains of i 3 and 5 points Products issues were In in ln n demand Murray Body and 3 ej breaking into new high und undo The latter is later reported to toe toe e orders enough to keep operas opera- opera s t capacity through the sum- sum mercial n Solvents Sol Corn Prod- Prod nion Carbide and American liway l Express sold old up 2 to 4 to new highs Several Severn I food were in demand Phe- Phe I aching a new top Utilities e 6 strong American and Foreign rising 0 G points In the oils ois l n Seaboard made a further n on n reports repos that the Cutten- Cutten te Ii h interests were ere accumulating tock lock Pan-American Pan rose 2 n s l br stocks were wre generally quiet Arrow Arrow e-Arrow A jumped 3 points t L Chrysler was firmS firm while GenI Gen- Gen I 1 Motors sagged Eagel a point Hails flails Rais Raise e Irm but quiet with New Hat Ha- Ha t out with wih a rise of ofu u 2 points to 3 the high high- p ce ce since 1 1913 3 In the amuse- amuse t group group Warner arner Brothers sold solder o 0 er er 5 points on first quarter gs estimates ong the few soft spots were e ChemIcal International ional Telen Telene Tele- Tele n ne ns and nd R. R R H. H Macy which lost lot i 3 points each were largely steady on futures improved somewhat mer Liverpool cables Grains e ed in a narrow range exchanges were firm the German mark rallying to top 1 p cents and the Dutch guilder guider h ng a new high for the year 5 2 1 c cents s. s