Ogden Standard-Examiner | 1927-07-29 | Page 14 | Wall Street is Irregular

WAll STREET IS IRREGULAR Call Cal rOle Advances to to 4 Specials Fluctuate ate Violently NEW YORK July 29 By By The Te Associated Press peculators Speculators for Ahe he advance ance continued to t press their ther advantage In today's market but y ea week end realizing sales and sporadic bear selling imparted to t the price movement oney noncy after arter renewing at 3 4 3 per percent percent percent cent advanced ad to 4 as a banks ban called caled loans to t meet the heavy month-end month Demand for funds With brokers brokers' broker loans Jons about abut above the total at this time last lat ea ear many operators were Inclined to jo proceed cautiously although en m in increase i- i In- In Increase crease in the federal reserve ratios Indicated no strain on the credit sit sl- sl sit sit- Although the reduction In I the te i Kansas City rediscount rate rte aroused Tropes hopes of similar action acton here here a 1 de decrease de- de decel decrease crease by the New York bank at this time cel was regarded as os unlikely because of ot Its potential danger as a source of ot further is security inflation Violent fluctuations developed 1 i. i M some me of the high priced specialties particularly Ime those believed bee to harbor harbora a large lare short shor interest Du Pont jar jar- jared cd ed more than 13 points point and Commer Commer- Commercial Commercial cial Solvents tan B with a number cal of ot others other Solvent up 3 to 5 S points point City stores B B. B U S Steel Ste preferred and amI Diamond Match reached new high ground Heaviness again cropped out In U. U U.S. U.S. U.S. S. S Cast Iron Pipe Cereal Cat Ion Houston Oil Crucible Steel stee Mack Trucks and Oi International Nickel but relatively small Email the losses loses were smal Speculative interest in the railroad the brisk group was divided between brik demand wa for the and the establishment cUb cUb- establishment of new peak p ak prices by Atch- Atch teh- teh Json ison Southern Pacific and Union Pacific The closing was w irregular The ad advance ad- ad adanee advance checked by reports I vance anee of ot steel was wa from Washington that the federal I trade commission had ordered an art in investigation In- In i of the Du Pont purchase of or a large block blok of steel stee common Week-end Week profit prof taking also alo served to lo check the advance of se eral other chec leaders leder Sulphur stocks stock however developed activity and strength in the final de hour Total sales approximated shares I