Salt Lake Telegram | 1926-11-13 | Page 6 | Weekly Financial Review

WEEKLY FINANCIAL REIl REVIEW NEW YORK Nov 13 31 By the Associated Associated Press Press Stock prices moved forward this week under the stimulus of easy money rates and constructive dividend and trade developments Professional traders started the buying movement but as tIle the week progressed there were indications of expanding public interest particularly in some of pf the high grade Industrials and specialties Bond prices moved to new record high levels and anda a large volume of new offerings was ws promptly sold mere inere was some speculative disappointment over the fact that October un unfIlled unfilled un- un filled orders of tile the United States Steel corporation showed an increase of only slightly more than tons or about half ne-half of what had been expected jut but the stock received excellent buying support and advanced to within striking distance of Its record high h. h Declaration of an extra cash dividend of 4 on General General Gen Gen- eral Motors temporarily Infused new strength into that stock although the recent sharp curtailment in the sale and production of automobiles led to a re renewal renewal re- re newal of short selling at the els Baldwin Locomotive showed ex exceptional cx- cx strength with buying Influenced by reports of large or or- or ders Revival Revisal of activity and strength In Inthe inthe the ol oil shares was attributed to reports of an early retirement of the preferred stock of the Standard OH OIl Company of New Jersey but no notion action was taken by y the directors yesterday although they indicated the matter was still under dis dis- Most of tile the coppers advanced to new high records for the year in reflection of tile the Improvement In that industry Rubbers also received strong support despite reports Item from Akron of another early cut In the price of tires Rails failed to make much response to o tIle the announcement that freight traffic in n the week ended October 30 had ish d a new high record for all time Some disappointment was felt over the allure of the directors of the Chicago 5 Northwestern to rates raise the semiannual dividend and the postponement of lend fiction action on Rock Island common until next month Public utilities utilities and and chemicals displayed several everal points of strength while the amusement and department store groups revealed a few weak spots snots United States Cast Iron Pipe Woolworth and Corn Com Solvents B were the strong spots among mong the specialties