Ogden Daily Standard | 1920-01-28 | Page 3 | Worlds Markets

I BUS MKTS NEW YORK. Jan. 2S Slocks were qctive and strong at the opening of today's to-day's market, being stimulated by the faorable statement issued by the United States Steel corporation after the close of yesterday'.s trading. Unit-: Unit-: Pd States Steel being only half a point higher than related shares were up 1 to almost 3 points. Motors and their ; subsidiaries also strengthened with oils and the better known equipments. The movement probably would have ' assumed wider proportions but for re- newc-d, weakness In foreign exchange, O . the London rate falling -to a new low "m Industrials extended their gains in m lne lrst n0UI undc-r tho lead of Cru- cible, Bethlehem and United States Steels, Republic Iron, Virginia Iron, Studebakoi, Stutz, Chandler and General Gen-eral Motors and Baldwin and Ameri-1 Ameri-1 can Locomotives. American Woolen, Endicott-Johnson- and Savage Arms comprised the other features .of strength. Prices reacted later, how-; how-; 't ever, when low-priced petroleums ' ' yielded to pressure and foreign exchange ex-change developed further weakness. Extreme advances were considerably reduced at noon. Call money opened ! at eight per cent. There was active trading in bonds, including internationals, internation-als, mostly at lower prices.