Ogden Standard-Examiner | 1924-08-03 | Page 23 | Steel Dividend Improves Market

STEEL DIVIDEND IMPROVES MARKET MW I W YORK ug su WEEK 2 2 WEEKLy WEEK WEEKLY LY I IN REVIEW Dee Dec Declaration of o an extra dividend nd of Go cents Cent's a share on United States State's Steel common for tor the tho th third luc luc- uc quarter quart following close Upon the omission of o the th or of Bethlehem Steel common and the publication of o poor quarterly reports by the tho Independent Steel comp Infused new strength Into this neck neek k stock tok market markt which continued Its Ita mo ement to higher ground In another un- un unbroken un unbroken broken brohn succession of o million share da s Both Bolh industrial and rail rail- rail load toad load a Orage broke broko brok through their hl high h levels levis for tor the th year Busing Bu Ing of the tho ste steel 1 share was ws stimulated by the th announcement of Chairman Gary of the th United l States Statu Steel corporation that th there ro had been considerable Improve improve- improvement ment ment In the tho th demand for tor ate steel l since Ince July 1 Heay speculation In the th rail ral railroad rail railroad road rond shares shara was waa wa bed based largely on consolidation rumors growing out o of the th conferences In this tills city between the Van Sw In- In In teresia of Cleveland and stockholders of or the Erland ErIe and Pre Pere Per Marquette systems HI lt of ot activity 1 In the Iho th motor Issues lasus 4 apparently I wa was bed based on expectatIons of In- In increased In-crea In creased d sales of new nw models model which are beg In beginning oinK to make mak their ap- ap p ap-p arane Oils s held firm tinn In la the face of another increase In la crude production Higher r prices for tor copper and silver allver m metals together toi with the prospects for tor the tb settlement of the reparations questions question brought fresh frh buyIng Into the tho th copper ebar Public utilities continued to provide pro pro d outstandIng strong spots pot Share companies companie which do doa doa doa a large larz In the th tural communities of the time wet 10 developed marked strength It grain pi Ices continued l their sensa ensa l