Salt Lake Telegram | 1932-04-28 | Page 14 | Market Flops Back Weakly

MARKET M AR FLOPS BACK WEAKLY Fourth Day of Attempted Comeback Fails Fais Closing Tone Jone Is Weak NEW YORK ORK April Apri 28 Thc P-Thc The stock market flopped back wearily Thursday after trying trig with wih meager mealer success to advance for four successive sessions The he turnover was only about a million shares but there were numerous losses loses of 2 to 4 points poInt or more and the closing tone was weak Holders of stock apparently were discouraged over the lack of buying power during the gradual advance which started last Saturday The Th list showed little resistance to fresh fres liquidation A drop in the wheat maket ma mar market mar ket and a slump in i some of the more mor speculative rail bonds were adverse influences In the share market market Auburn Aubur was a soft spot dropping 7 points points Weakness was first fist notable in Alaska Juneau which slipped sUpped o oU oil more than 2 points point sagging under 9 U. U S. S Steel lost only a n point an and General Motors while actively traced trad trac ed was little changed changed Losses of ot 2 to 4 points however appeared in i American Telephone American Can American Water Waler Works Eastman Union Carbide Coca Cola Coca Scars Scars Roe Roe Roebuck buck Woolworth Consolidated Ga Gas Gas Safeway Stores and others Bethle Bethie- hem Steel declined a major fraction in advance ance of the quarterly directors director meeting