Ogden Standard-Examiner | 1926-08-15 | Page 16 | Stock Prices Make Recovery

STOCK PRICES MAKE RECOVERY Trade Reports Show Big Activity Rails In Iii Demand NEW YORK Aug H-By H 14 By The Associated The Press The recovery In stock tock prices which started late Friday gained cc under undera a tremendous burst of ot buying In Saturdays brief session car car- carried car carried ried ned more than a II score of Issues In- In Including including In Including U S Steel common Du DuPont DuFont Pont American Smelting font noele Island Baltimore Ohio and Chesapeake ke Ohio to new high records for tor the year ear or longer REDUCED With the floating supply of many high grade Issues apparently reduced by Investment purchases and the absence of any concern over a II possible restriction of ot credit securities collateral prices swept forward in Impressive fashion ex- ex ex extreme gains of or 1 to nearly 15 points point being distributed over o II a broad list Week end trade and mercantile reports testified to the generally high rate ot of ot Industrial activity w h hopes held out In several se Important lines for further expansion this tall fall The growing belief that the United States Stales Steel and other large corporations particularly those en en- en enjoying enjoying large largo current earnings and possessIng huge undivided es es would follow the lead of Gen General eral Motors In making generous dis- dis distributions dis distributions to their stockholders stockholder was as In th the brisk k demand Cor or orall all stocks hocks mentioned In connection with melon cutting rumors lUlLS R IN IS JI DEMAND E 1 Rails flails also were In good demand on the he theory that holders of those shares also were ere In line for or special distrIbutions In view of the record breakinG earnings s and traffic re- re reports re reports ports ot of th the past year ear The closing was strong Total sales approximated shares