| Show BUSINESS NEWS I liS is r Wall ran Street Price Move Move- Movements Movements Movements ments Uncertain Re- Re Resume Re sume Di Dividends NEW YORK Tom Jan Jail Weekly 2 IS P Financial R lew By Review By The AsI As Associated Press Unc Uncertain Uncertain price pric I movements thi weeks week's stock market which wa as P forced to ab absorb orb a larg larg amount t ot of professional jelling Inspired by bythe h bythe the unexpected of federal federa I reserve and New York stock ex- ex ex exchange change to give public public- ty Ity publicIty to 14 brokers loans The main bOdy of stocks failed to make much progress in either direction but there WAS of ot hea heavy pool liquidation In a number ot of speculative Industrials Business news was generally satisfactory for tor the first week fulL full week In January showed a substantial decrease below low those of af a year ago bythe but bul It wa was accounted for by the sharp drop In coal Pond and grain shipments loading ot of general mer mer- merchandise mer- mer merchandise chandise showing a gain Another sharp drop In crude oil output last lut werk was a accompanied by stiffening pre tendencies Steel mill operations were at a IJ high rate with forward bust buM bustness busi business ness apparently satIsfactory I PAYING AYI G IVF DI D Dividend developments were favorable United States Cast Cut Iron IronPipe IronPipe IronPipe Pipe stock being 1 on a I 10 0 annual basis the Stewart Warner Varner Speedometer rate was raised from 5 to 6 as Wile were resumed on Consolidation Coal and a cash and stock ex extra Ira were declared on Liggett and Myers Issues United States Steel cl common was subjected to Mv ral selling at- at attacks at attacks attacks tacks being forced to a 11 new low on the current movement mo at but strong buying support wu was provided provided- and it II closed last night at lU Considerable Interest at- at at attaches inches to the tho meeting of steel di- di directors directors di directors rectors next Tuesday because of recurrent reports report that the extra dividend dl would be Increased but these lacked official confirmation Motors stern ere also so sold but the presence of a a large short hort Interest In thes these shares share acted a as asa asa a sustaining Influence Oils failed to respond to better betler trade reports although special strength devel devel- developed developed developed In A Associated Oil on merger merler rumors Equipments Equipment nta displayed a a slightly firmer tone on reports report of Increased railroad buying EQUIPMENTS TS BETTER Recent strength of the Prisco and Rock Island railroad shares was explained b by the announce announce- announcement announcement ment last night that the former had acquired a 01 substantial block ot of Rock Island stock which illch Wall Wallstreet Wallstreet street Interpret Interpreted d as aa preliminary to a merger of the two properties Eastern turned strong to- to toward to toward ward the close of t the week In tn re- re re reflection of to bring about a renewal of Joint negotiations for tor or a resumption of anthracite mining un |
