Salt Lake Telegram | 1926-11-15 | Page 8 | Wall Street's Close is Firm

WaIl Wall Streets Stis Streets Close Is Firm 5 S Markets at a Glance i W VOIlE Stocks firm I t new nt hl high h on 10 Bonds higher A several eral for foreign forn n issues Is- Is L. L U sues at nt new peak Foreign J steady Trench French and francs higher S Cotton otton Hi r spot house buln buying Sugar Coffee easy ad i n Cuban I ceiling I S ChicAGo ca lj- lj o orn Corn firm poor ioor husking ret returns urns I nUlI rasy eacy firm and ond active NEW YORK YOUK Nov 15 IS CD fly the Associated Press Press Prees Stock prices opened steady sold eold off oft when the call money rate was Willi rained 1 to 5 S per cent the tile highest In weeks week and then moved higher during the a oon on on 01 buying Influenced by bv bythe bythe the placing of the tho common on a 5 ii annual basis basi the tue declaration of an extra dividend of ot 5 on Du Do Pont Pent and the placing of that stock on a 7 7 annual basis I Speculative Interest was confined largely large large- ly Jy to J Issues in which special development development develop develop- ment mono are pending the main body of stocks tocks holding hoMing steady pending further light lIht on the future trend of business Over a Ii dozen lozen issues were elevated to new high levels for the year the la last laRt t Including Rock Island common Reynolds Tobacco B D. D Cigars Gotham Silk Hosiery old and new Commercial Solvents Solvents Solvents Sol Sol- vents B 13 B. B Eureka Vacuum Cleaner and Corn Products Refining Rennin r Bear Dear traders succeeded In pIck picking In out outa n II few soft ott spots but generally heaviness Indicated an absence of bids rather than pressure to sell Specialties for which there was wa a good demand included Byproducts Dy- Dy products Coke McCrory Stores B D. D American Amer Amer- iran ican Locomotive and American Brake Shoe and Foundry United States Steel and anc General Motors Mo edo- 10 tors tor were taken laken in hand by opera operators fn fn the tile rise In the early afternoon each being bid up 2 points In ho quick order causing hurried short covering In a Sumber number num number Sum Sum- ber of other J her Issues The PIle closing was firm Low priced stocks o s moved up P In the wake e of in ad advance advance ad- ad vance l In oU United States esie esiee Steel which IX was purchased ed on the theory that this corporation corporation corporation corpo corpo- ration would soon Join the list lilt of strong companies making makinA special distributions to stockholders General Motors forfeited forfeit forfeIt- ed an early 2 poInt gain on taking profit-taking but forced short covering held Hudson up Total saler approximated shares