Salt Lake Telegram | 1920-11-26 | Page 15 | Wall Street

WALL NEW YORK YORK Nov 20 Favorite Favorite Issues re recorded recorded re- re corded variable gains galna at the opening opening of to today's to- to day days day's s stock market markot marko the movement denotIng denoting denot- denot Ing further short covering VI Within thin the first fint hour half however a a sharp reversal set et ct in especial weakness being shown shon by ship ship- pings and oils ois Atlantic Gulf and Petrol Petroleum Petroleum um lost 3 points point each Cach Royal Dutch 2 2 I Locomotive 1 3 1 and Canadian Pa Pa and St. St Paul l large fractions Initial gains States In Steel Rc Rending Bethlehem Northern rGe rn Pacific United steel and nd Amen Amerl- can London in Sugar Su ar and were other forfeited Exchange on foreign centers centen was heavy heavy fr extreme Petroleum loss Iou of ot and C Crucible Steel suffered suffered suf suf- 5 points In the early tar reaction United Fruit Fri fell feil fel 2 and Royal Royl Dutch Pan American and Houston Oil 2 01 2 2 Baldwin lost loet 2 points Virginia Caro points Una lina In Chemical 3 International al rp Paper r 3 31 and Vanadium and Lackawanna Lakawanna steels 1 Rails Rail Rals followed the general enNal trend for a time ll but strengthened when buying of Atchison Norfolk Western Southern Pacific Pacific New Now York Central and Rock Hock Island effected a ac gains of 3 points American Woolen was first among among the specialties to revive and West Wet Virginia en enhanced en- en Wednesdays Wednesday's substantial gain on dividend rumors rumon Call Cal money opened and renewed Into next nut we i at 6 per cent Secondary or low priced cent wore were moderately moderately benefited by the strength ot of Investment rails ralle but coppers copper the cheaper oils ois and tobacco specialties fell fn back Steels Steele also eased again on announcement announcement that of the largest producer producers one had cut pr prices Transcontinental rails rais and coaler made additional gains later but oils aie shipping steels steel and food tood specialties were under In Increased In In- creased pr pressure The closing closinG was heavy Belated liquidation by pool pools caused re- re declines today today despite the ease case of n ony Sal approximated shares