Ogden Standard-Examiner | 1927-01-13 | Page 10 | Stock Market Prices Advance

I ISTOCK STOCK MARKET PRICES ADVANCE Despite New Financing Investment Demand Continues NEW YORK Jan CRY U-Dy l Th Pre EaSY Easy moncy money In money moncy ra ratel e an n Imports ot of gold told pro the background for tor another mother ad- ad ad anco In prices In today's tod y stock market Despite De the largo larg volume the tho month of oC ne new financing this demand showed d no n lens Ins of o abatement Except POgo pO- po Bibly bl bly to restrict trading on the thep thep p rt t of ot timid traders and Investors to 10 0 recent development ment In tt thO thOM lot M situation ap- ap p ap-p v P ar to have havo hav had Utti market feet ACTIVE E While hlll no reduction In the tho New federal reserve bank redis- redis rediscount rediscount count count rate raf I Ij a expected In conserva- conserva banking quarters quarter at t today's meeting tho the trend of money rates would seem to warrant a cut In Int inte t te Ie near future futuro Business continues mixed one of ot the th i mo most t Important development de ot of o the te tl e cia day L being an advance in steel mill which was as reflected In Inthe inthe Inthe the activity and strength of ot the Independent steel shares Gulf Gull States and nd 1 1 S Steel common hed led firm In Olet trading Eastern made mad the best showing In the th rail fal group croup several ISSUes reaching their highest prices In years year eora Rock Island common also registered another new high S P r I K n U SUG DOWN Oil Oil food chemical and equip equIp- equIpment equipment ment ent shares thares also presented sev- sev ev- ev ral points of with the demand centering largely In the th seasoned dividend dl paying shares shire i cropped out In American Woolen and moderate moderato moderateS S re TC sessions also were recorded bY International Telephone Consoli Consoli- Consolidated Consolidated dated Cigar Citar South Rican Sugar and Yellow Truck preferred preferred- The Th closing was firm Somo Porno of the tho earlier laggards among amone the Industrial Issues Issue rose briskly kly In the he final hour of trading Including American Sugar American Su- Su S i Tobacco and several of the minor oils Speculative Interest however boever subsided to a large larse ex- ex tnt ex tnt In many of tho the customary leaders which fluctuated narrowly with Isolated signs of profit taking Total sales ules ales approximated shares hares