Salt Lake Telegram | 1921-04-25 | Page 10 | [Illegible] Rail Plants Break Records in March

my 1 RAIL PLANTS RECORDS IN MARCH C Expected to Be Sur- Sur s sed ed This Month Mont BulI Bull Bull- Bul- Bul I Operations Continue by Harold R. R I Smoot Co eo j v v YORK TORE April Apri 25 Demand Demand for steel 1 to reach large proportions the he close cf the year Chicago adare ad- ad are arc C that Gary rail rai plants established gh record in March and are likely eaK UK he March record In April Dow ApriL Dow Dow Dow- Ish h operations are expected to c con con- interest is Increasing espen espe- espe n ois motors and utilities Rumors Rumor ard rd of a drive at the tremendous short hort lt n the steel group Financial News News The he he abrupt upturn in the tho stock marg mar- mar g ere was ewas wa no explanation in the outside I. I t. t was simply the sequel to a the market itself which has been Itself for some time past street opinion has ha been divided into Ja One has been skeptical about igns gns of Improvement in the outside and has been taking its Is stand stad upon Exposition that further furher readjustment rc- rc e- e dito b be done with Wih consequent unsettle unsettle- ahead for the share bhare list The other lias as e expressed confidence ence that the real realor or the better came at the start of ot the That hat while improvement ement has been very ery veryn Inland n and has ha not affected many lines I. I It it is nevertheless positively under nd certain in duo due time to become gen gen- Those hose who took the first view have ply iy not been buying but have been short short Those filose who took the have been teen quietly accumulating f Ion on every favorable opportunity for the fn orth or more stock market was wag not only much more but it i was the broadest in point of umber lumber of Issues actively dealt in that eon een seen lEen certainly during the present 1 While the chort Interest was wa being in stocks where bear opera- opera have Ilave been most enthusiastic activities was very noticeable here There was the chert account more ex- ex in steels The advice to stay ils is i Itan group has hu been frely given ghen the Idea Idea that the steel industry had further ment to wake Many who took this went t short of steel This element Completely tely disconcerted by the run up filed ted States Steel common and ad the inde- inde shares shares re has been a lot of short selling In by those who argued from the that tho the demand for rail rall- rai- rai would be at a minimum for forg g Baldwin in particular has haa hasa a sale Ble The ease with wll these stocks snapped back was a aIon aion atlon Ion to the bears bear fact that Cuban American Sugar went Awhile hiie the rest of the market marlet was wa go- go and Band was quite quie actively sold around Its Is prIces of the year ear was a sufficient Ion of what is likely to be done with at the coming meeting The is that the dividend will not tiled altogether but cut In two S I