Show I Mining M Financial and Commercial News STOCK PRICES RISE rv IN Latest of Selling Finishes Fin Fin- Gains and Losses Mixed for Day NEW YORK March 3 The 11 l The latest flurry of selling spent itself in Tuesdays Tuesday's stock market and prices rallied in the late trading as shorts horts took their profits The market fluctuated uncertain uncertain- 1 Jv throughout the day and closing prices disclosed a mixture of narrow narrow nar nar- row gains and losses with most of the thc principal shares about un un- un changed The volume of trading considerably the thc days day's transfers trans fers aggregating shares A. A W. W BYERS FIRM A. A M M. was a firm spot rising ris ing more rore than 3 points Shares clos closing ing a point or so higher included 1 American Power and Light Amen Ameri American can Smelting Anaconda Bethlehem Steel Electric Power and Light and Public Service of New Jersey Phil lips Petroleum lost only a point on the dividend omission but United Carbon dropped 5 points Columbian Carbon closed 1 point off after getting getting get get- ting down 3 North American and Montgomery Ward sold off about 2 points then rallied American Can Pennsylvania Railroad and Radio Corporation lost about a point each Frisco lost 4 Comment on the business situation situation situa situa- tion by Gerard president of General Electric who said that he expected conditions to get no worse although he did riot not think sentiment should get too summed tip UI the attitude of several Important interests in iii the financial district which appears to have tempered speculative sentiment DIVIDENDS PASSED Dividend omissions by Remington Rand and United Carbon were responsible re for selling of those issues while Johns tiles Mans report showing showing show show- ing 1030 net of only 3 a share against in iri 1929 brought some selling into that issue Montgomery Wards Ward's decline followed yesterdays yesterday's report of Scars Roebucks Roebuck's sales for forthe forthe the second period of its thirteen thirteen- month calendar showing about the same decline from last year as was reported for the first period This did not tend to forecast a favorable showing by its chief competitor Credit conditions still sUil were a lit little Jit- Jit tIe tle tinnier firmer with the month end settlements set act taking up the slack in the call loan mark market t. t There were no fluids offered hi In the outside market under the loan desk rate of 1 2 1 percent The consolidated condition statement of weekly reporting member member mem mem- ber banks however was favorable showing a reduction of In loans on securities In the period in which brokers brokers' loans advanced 26 |