Salt Lake Telegram | 1921-04-20 | Page 10 | Wall Street

WALL STREET NEW N W TORK April Apri 20 Oils ls Oils asserted aS their recent leadership at the Irregular opening of today's today stock market favorite avo rite issues soon advancing from large fractions to almost 2 points point Pullman which was especially heavy last week In connection with unfavorable dividend rumors rumors rose rOle 1 4 point points an and Utah Copper Famous Players Corn Products and several leveral of ot the rails were among the firm shares Manhattan Elevated wa was vas conspicuously weak falling 6 p points t In c connection f nl el II with reports t that Us its S 7 per cent t guarantee I may mo be canceled in the prospective reorganization of the local loco I traction tracton lines I of more reactionary movements elsewhere 0 oils jils I s. s Including a number of the thelow thelow thelow low priced speculative Issues continued to strengthen Pressure against ral rails equipments equipments equip equip- ments Jents sugars and aud tobaccos was wu resumed Canadian Pacific fell tel 1 point to a new low for the current downward movement and Norfolk i cc Vestern New Nw York Airbrake and American Car lost 1 to 2 points points Crucible Steel Atlantic Gulf American Sugar Suar and International Paper also all registered similar declines Columbia preferred at a gain of 3 a. a points s was the only conspicuously con con- strong s specialty Call Cal money opened at C G t per cent and exchange rates rate on London Jondon and continental Europe were firm to strong trong S Selling tn of Mexican Petroleum which re- re acte acted about 2 2 points from Irons Its top price of the morning gave the market maket a general setback setback set set- t- t bac back at midday although call money rates rales were easier Aside Acids from a few obscure specialties the list Including rails and steels was Inclined to sag Steels hardened on moderate supporting orders order later but fell back again with other when specialties and local transactions transactions trans trans- actions recorded additional losses The closing cbs clos ins ing was irregular Pools toi to ay py resumed resumed their bullish operations opera In speculative stocks especially oils but made little headway because of the re reactionary ic- ic trend manifested by rails rail and In in- in Sales approximated shares I I I