| Show 1 Wall WallStreet Street Views Days Day's Business News Favor Favor- j ably Steel Up ru n-ru- j i L n u j Markets at a Glance NEW YORK Stocks Strong Stocks United States Steel SOul op nearly 1 t points MInts Hondo Firm j South booth America ad sharply linn show gains Foreign Eacy i E y Spanish pc etu weaker Cotton hIgher Cotton Higher steady cables cable antI and antItrade trade firm spot market Cofie Increased Brazilian offerings CHICAGO Steady firm Liverpool and bad weather Canada Corn Corn Euy here larse receipts and government repost report irregular Cattle Irregular By ay CLAUDE A. A JAGGER Associated Press Financial Editor NEW YORK Oct 15 AP Th kP stock market again moved forward today quickly throwing off ofil hesitancy which developed for a a time In the tho morning and Hs Its' gains with light trad trad- ing IngI There was no nish of short eov j cov-j cring although brokerage circle had been inclined to look hook for a a- a rather hasty retreat of the tho bears bearg after the tho scarcity of stocks which developed in tho loan crowd after the previous close Wall street waa wa Inclined to place various interprets on disclosure disclosure- that the pros dent and vice president of the stock exchange hold had visited President Hoover over tho week end but it i significance was waa not disclosed is the tho action of tho market save pos 1 In the tho cautious attitude of th the bears U. U S. S STEEL ADVANCES i United States Steel rose about S' S 2 points and the tho well worn of an extra dividend was again heard in brokerage circles gaining some credence In view of the recent extra by American Can Other I shares gaining 3 or more included included- Manville Johns North American Columbian Carbon and Gillette SIfter After selling off nearly 6 S points Allied Chemical bounded upward t to show a gain of moro more than 4 Eastman East man and Case converted early losses of 4 and 5 Into moderate rains Wall Wail street was again Inclined to t view the tho days day's business news The Tho sharp upturn lii In freight car loadings as reported for forthe forthe the week ended October 4 was was' particularly particularly par par- cheering as as' as It marked an abrupt turn In the downward trend of September The gain of cars over the previous week stilt still left tho movement close to the levels lev- lev els of 1922 but In previous weeks week It had been the lowest since 1921 The steel trade reviews again In- In further slackening of Inset output In the past week estimates j of the tho curtailment varying from I 1 2 1 to 3 per cent reducing opera opera- to somewhere between 52 and 53 3 per cent of capacity In view oC of the unfavorable psychological effects cf- cf of last weeks week's unsettlement In tie the speculative markets however the reduction was not unexpected and was without notable effect upon j the stock market Steel reported that producers of finished steel were making the most positive ef M ci-M forts in Iii months to firm prices the hope of bringing consumers into the market who have havo been to buy because of the unsettled price structure Several third quarter earnings earnings- statements appeared and failed tor bear out many of the tho gloomy y estl-y mates heard during past week It had been expected that th third quarter covering the summer j months would bo be unsatisfactory General Electric however was able able to report 45 cents a share against 59 9 cents In the like period of lat last year Chesapeake corporation jt ac-jt- reported a a. substantial with 98 cents a share against SOS cents a year ago Western Union with net o of for the quarter earned Its 52 2 quarterly dividend by bya byj a substantial margin f Foreign trade statistics for September Sep Sep-fi showed a gain in exports about over August tl th j second successive Increase Import 4 were ero over August which was unusual for September had not shown a gain over the tho previous month since 1926 Call money held firm at 2 per cent Greater firmness In th thi j money market at tills this time was at- at j partially to the tho settlements In foreign exchanges a better tone in the German ivas ovas regarded favorably presumably 4 ably Indicating that the flight of capital from Berlin had been checked by the tho higher rate and the tho threat of ef a still higher hIgler te If necessary |
