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Show STRONG DEMAND BOOSTSJALUES Many Stocks Are Carried to New High Levels for Year XEW YORK, Aug:. 22 The bear faction reaped a temporary advantage advan-tage Rt the opening of today s stock market because of the weakened traflte position and disturbing overnight developments de-velopments in the- railway strike situation. sit-uation. Strong support was predicted predict-ed on a sustained investment demand, however, the market reversing Its muryo and carrying many stocks to now hlf-h levrls for the year Sales approximated 1 000.000 shares. Profit taklnc combined with leis encouragement by overnight developments develop-ments in the rail strike situation Imparted Im-parted an Irregular trend to the opening op-ening prices Most of the popular shares uhlch rose to new high It Is Monday opened at con. -esslnns todav Demestlc oils and low priced rails went lb higher ground with chemicals equipment and some of the coppers I Uake Erie A Western was up 1 li and St. Paul broke through t" another new high Galna of 1 to 1 points were made by Standard Oil of N'ew Jersey and California while advances Of a point each In American Cun and Retail Stores were attributed in some quarters to pool operations. Small losses were noted In T nited States Steel, Marine preferred, Chicago & .Northwestern, Chandler, Reading, lireat Northern preferred, Lehigh Valley, Val-ley, Southern Railway and Mexican Petroleum An apparently overbought ondltion created by five consecutive days of Increased prices caused SO energetic attack on the whole list by bears In the first hour which was given stimulus stim-ulus by the readiness of recent buyers buy-ers to take profits, the resultant reaction re-action depressing many of the active shares from one to three points. Shipping's, Ship-ping's, motors, sfi-i is and "standard rails were most affected Special stocks, especially chemicals, public utilities and equipments, offer J stubborn stub-born resistance to the selling pressure, pres-sure, the sustained demand for these j shares eventually turning the course! of the market upward again before noon American Oar A Foundry made a sensational advance of 7 '4 points to a new high with gains of 2 points helng registered by Western i nlon, Allied Chemical and Pacific .as X-Electric, X-Electric, all at or near the year's bi St prices. Call money opened at .'i'j per cent. An Increased Investment demand and vigorous pool buying caused striking advances in a number ofl shares during the afternoon. Many new high p'rlces for the one ye ar wore again establish"'! American Car gained B points, Liggett ft Myers ' Otis Elevator 6, Westlnghouse J lr-1 brake t and United Fruit 3. The coppers. United Retail stores and the gas issues continued to be actively bought. Scarcity of offerings accentuated rapid rising in ip - ;i n mi. kb in ine final hour. Toledo, Si Louis ft Western Wes-tern scored 9Vi points, with gains of 4 to 5 points in 'he preferred sto l Western i nlon. Qeneral Electric and United Fruit. The closin v as strong LOC AL INVESTMENT SECURITIES. (As reported by J A. Hogle ft Co.) BANK STOCKS I Bid ! Asked Bankers Trust 19150 0OIS160 00 Columbia Trust . . 90 00 Deseret National . 270. 0w 275.00 Deseret Savings .... 205.00 210.00 1 First Nat Bk of Og 810 001 Nat Bk of Republli . 1 16 00 i 71 National Copper . ... 146.00 156.00 Security State hank 100 00 T"tah State National I 100 00 120.00 Utah Saings ft Trust, 96.00 106 1)0 Walker Bros P.nkrs L'Xn On U3.r. .mi Zlon's Savings A. Trst 201 no mo 00 INDfSTRI M. STOCK! Almagamated Sg CO ' I 06 I 15 do Rs pfd 75.001 7 8 00 I Con Wagon 56 00 60.00 Home Fire Jns. .. 320 . 00 327.00 1 Independent Coal . 49 56 Morgan Canng 9s pfd! 101. oo; 108. UU Mt St Tel & Tel .. 104.00 106 00 ! People's Sug pf, cm. 1. 75 2 . 00 i Schrmm-Jnsn Ss pfdl 99.00 101.00 1 Standard Coal .... I 621 .58 j U S Fuel "s pfd ...I 7 3' n" Utah-Idaho Sugar . . 3.10 3 1 7 1 2 Utah Fire Clay . .. 50.001 55.00 Ut Pr Lt 1st pfd 94 oo 96.00 Wlkr Bros Dry- Gds! 200.00' Z C M I . 1 114 00 116 00 ' ji BONDS 5 L Stock Ex fis i o ?s no 90 on Stndrd Coal 6s 1923' I 98.00 Ut Pr ft Lt 1st 5s '44; 90.00 91.00 Ut Lt ft Pr 4s 1930. 82.00 87 .00 ' Lt Securities 6s 1922 100.00 1 0 1 0t I Ut-Ida Sugar 7s 1930 95 . 0p 96.00 CHTC ACO FIT CRE& CHICAGO. Aug 22. Open .'Ugh Low Clow. Wheat-Sept. Wheat-Sept. l.Oi i; l.037i 1.00 1.02 I Dec. 1.03 1.044 T.oii 1.03 I May 1.07 1.09 7 06c I 08ft Corn Sept .S93; 60 tr ,89 60 Dec. .64 5 6 i 53 :, ; j May 57 .69 57 Oats Sept .3 1 .32 .3074 81 Dec. .33 .34 33 4 .84 May ,47 .37!, .37 .37! Pork I Lard-Sept Lard-Sept 10.10 10 17 io no 10.06 Oct. 10.20 10.25 10 10 1 0 25 Rlbo Sept 382 Oct 9.4 0 |