Ogden Standard-Examiner | 1926-08-09 | Page 8 | Stock Prices Resume Climb

STOCK PRICES RESUME CLIMB General Motors Touches 22 Steels and Utilities Bought NEW EW yom TOnK Aug fly 9 9 D By Th Al Press Press Resumption of the main upward movement mo of r rock ock prices today today- was accompanied b a marked ni expansion In public p With speculative o s fired tired by prospects of rn mi Ion Ion cutting by some of the Industrial lal corporations this fall and by increased cash cub dis disbursement on the tho common stock of others and money In plentiful working for high high- r prices pr ra found little difficulty In Ina a a ft foU following SnI LS AS AN AM lOOD yr 11 in Buying orders were again as-aln spread ov over r a broad list bu but manifests manifests- lions of ot group croup grou were 10 most rent Dpp-crent Dpp In I the he steels equip equipments ments chemicals public utilities and foods Buying Of ot the motors nt red largely In General Mo- Mo Motor Mo Motor tor which established a high I ord ec- ec ecord ord for all time around as against a closing quotation of ot n 1 at st week All sorts of o rumors are arc arcin in circulation as to the probable of ot General Motors directors on Thursday but most traders look rot tor rota a stock dividend of o 60 50 or per cent and an extra cash divi dividend of ot 4 In addition to tho th ar jar ar payments R ILS ADVANCE AD The Van en Issues led the advance In the tho railroad group Plate Plato common and Chesapeake Ohio common each moving up at least 4 points while peake Ohio preferred and Pero Pere sold 3 points above last weeks week's final figures Pros Pros- ProsT Pros Pros-p T D ts Is of ot higher dividends also in- in In Influenced the buying of ot Case Thresh Thresh- Th Threshing resh- resh in ing Machine American n fl II 11 Macy Loose Wiles Biscuit ind Du Pont all of ot which sold 6 5 to 0 6 tO 0 points higher Activity of Shubert Theatres was associated al ith reports that dividends on tho ho sloe abC would be Inaugurated next we k MACK lUCK S GAIN IS The closing was strong The Therise use ilse gained momentum in the final bout hout when States Steel Steele e 0 Its previous high by a wide and General Motors Moton con con- continued Rued to smash records by cross cross- crossn cross in In- In n 25 Net gains of 3 to 5 points T r registered by a 0 long list of ot r pr Industrials GUC as Mck Trucks and ana Sloss Sheffield I I Heel teel Total sales approximated 2 2 2 OO OO shares