Show lONG ONG AWAITED W D TECHNICAL TECH ICAL RALLY ALL Y BOOSTS STOCK PRICES PRICE I STEEL ISSUES PERFORM BEST f By BYELlER C. C WA a Uit United d. d Pr Press 5 Financial ll Editor NEW YORK YORK The April 30 The long long- awaited technical rally raly came camo into the stock market in the te lato tradIng tradIng trading trad trad- ing Thursday after the list had be been n. n forced to new low ground for zor the he year yer Prices made sweeping seeping recoveries I from froni rom their lows and around the close stocks registered gains gins from t the he previous close clos of ot 1 to 6 C points the latter in i Un Union n Pacific J. J L I. 1 C Case e 1393 and then ten went to 17 or 2 yesterdays yesterday's cose close Allied l lC C Chemical I-ci I 1 recovered more more than 4 points point point from it its ts low du Pont 3 points point and rom other r high priced issues similar amounts its Steel Issues Isaacs Best Steel Issues issue wire were we-reo we b best t. t performers on the recovery Bethlehem from its itla low 45 a new w low for the year to t 43 up up 3 n net net U. t U. U S. S Steel jumped more than 2 points point from froni its it low and ad Republic more than a point Buying spread to the au automobile moble Issues Issuer Chrysler which had recorded recorded re recorded re- re corded a point 2 decline aoud around noon rose to a gain gai of ot a point General General General Gen Gen- eral Motors rallied substantially and so Ilk did Auburn ing lug rallied 2 points poInt after m making a anew anew new low for the year yer American Telephone ran into Ito in an another nother n- n other selling selling- drive before noon It touched a a new low at 1 off of 3 points on top of a point 6 decline yesterday It later lter rallied to t a net g gain in Rubber Snaps Back Ba Rubber shares came back io o sub substantial stilt BUo gains gain with wih U. U S. S Rubber preferred up more than 3 or Oils Ois also made made go good goad d recoveries t. t Utilities at the Uie close coe were up free frac Uon to a point after afler th the utility average had been driven to a new low for the year Chemicals Chemical m made nev de sweeping rallies rale Airplane Airlane stocks stock Improved and mall mail mal order shares fol foI followed fol- fol lowed a recovery In farm fam ments Trad Trading ng increased for a time on the te rally Traders Trader quickly canceled sell sel orders and turned to the buying side side Before the close dose the te trading again was wa light light Conservative observers ob observers ob- ob servers serer ascribed the recovery recover to a normal technical situation Failure of the Use tise t to attract more participation pation paton led to conclusions In i some quarters that it but tat was a temporary halt In a a downtrend Bonds Bond rallied with wit stocks and ad th t the gr grain in market marke was wa better beter |