Salt Lake Telegram | 1921-05-10 | Page 10 | Wall Street

WALL WAIL STREET NEW YORK May Bay 10 Rails Rals Rails and 2nd Industrials Indus Indus- trials continued to move In opposite directions ket lions i S at Reading e the opening P was strongest of today's oe tf of sS stock the trans trans- roar mar soon rising 1 3 point Lehigh Valley aley New Haven Northern Pacific Texas Pacific Minneapolis and St. St St Louts Louis Southern Railway gained liberal fractions Mexican Petroleum and General Asphalt recovered part of yesterdays yesterday's reversal and coppers copper were wort we firm finn Studebaker Ar Pierce l Ar row and Bosch Magneto forfeited d large fractions fractions frac frac- r tf san to 2 points Exchange x c. c on t ondon was at highest quotations In 10 than thana thana a a year ea r. r S S Selling of motors and an accessories which met with little opposition soon gains in rails rais and oils ois and d the Cite general list before noon Ai row common and anti preferred Chandler and Bosch Magneto added 2 to 4 points to recent losses and rubber tire tre issues forfeited 1 I Ito to almost almost 2 points Adverse dividend end rumors rumors rumors ru ru- ru- ru mors caused heaviness ss In Republic Iron and Vanadium Continental and allied aled chemical featured the time other heavy industrials and specialties Buying of rails rais halted a few tew of ot the secondary Issues becoming heavy Although money was in free supply supply sup sup- UP- UP ply call cal loans held firm at 6 Vt 1 per pel cent side Aside from front coppers which strengthened their ther early position tho the selling movement became more snore general at midday with motors still etl the weakest features Tobacco and too food specialties were In course of ot liquidation liquida lion tion and investment rails rals sagged 1 to al almost almost almost al- al most 2 points points Mexican Petroleum was exceptionally strong in the final hour but rails rail rais and popular pop pop- ular industrials were more adversely affected affected af af- af by the rise of call cal money to 7 per perCent cent Time The closing was wai heavy Shorts dominated today's stock market their operations based In part un on t 1 0 mon money y cau CIUP p 1 s nt t among speculative issues Sales approximated mated I