Salt Lake Telegram | 1927-07-03 | Page 21 | New York Clearing House Records New Peak for All Times; Railroads Shares Gain Several Points Advance

New York Clearing House Records New Peak for All Times Railroads Shares Gain Several Points Advance w c II Bank Statement Shows Fifth Successive Deficit in 7 Reserves Also Without Equal Number of Specialties j 3 Are Bid Up from Two to Five Points NEW EW YORK YORI July 2 By The Associated Press Fress Despite the nb- nb ce of or many traders from Wall Street Stet the stock market today gave an nn Impressive demonstration of or strength Pools Fools encouraged b by the prospect of oC easier ler money rth rats rates and a good July reinvestment demand U up tip a number of or specialties 2 to 5 points pints nearly a dozen of them to new new high records The strong buying support apparent for tor many Issues If to rather heavy henvy short covering on the part of oC those who had sold st stocks earlier erler In the week through the New rew York tg house today set a new hl high h for all 31 time tailing falling Just frt t of The rhe weekly nt of or associated banks how- how MT dl disclosed cloe d the fifth rUth luc successive rid I in reserve also Jente Jent- Jent e Hj ee era re was little lite in the days day's trade i to Influence the market move- move t optimistic business its au were made by exe executives libber bb shipping and chain store i flies prior to their departure rope Business generally ap- ap to toe te e moving in fairly large ime me me although he margin of oft t in many industries i 1 la exe ex- ex ely small email e Troad shares presented several eral pp po nb its o of t strength Refusal of the State tae commerce commission to tot t 1 1 e any decision at this time in inn t 1 a n merger ja-ie ja ie re reIn rein res re- re s In in the lapsing of ot the option opton I t. t to t the te Chess Chesapeake peake Ohio od ad by the t ckel Plato Piat of y Marquette stock held In its Is ury Y brought good goo buying Into shares chares br of the Nickel Plate Plute ib h undoubtedly will wl receive aprice a ar er r price for Its Is Pere Marque tie it I the te merger goes through ee ekel el Plate common ud advance S 5 SI t I to a new peak at 10 v. v r high prices also were regis regis- by Chicago Eastern lilt 1111 11 j T referred and the tho Chicago o S d A a iMe Issues although th the reasons b e od l the buying were shrouded The Alton Aion issues Issue have f o doubled In value this r Threshing jumped jumpe nearly 8 S won ta on one sale se American merican Solvents Solvent U. U Intern Inter- Inter C n Harvester Lose Lose- Wiles Loose Vies Sit fly J and Union Bag Bate and Paper Iler Ced ed 3 to 5 points point General Ic C Manhattan Electrical Sup- Sup and ad National Enameling and andI I pIN preferred also alao reached reache ground gound Ig exchanges held steady in cl trading with wih demand nd sterling ted L around arund 5 16 and French t k Just below blow 2 2 1 cents