Salt Lake Telegram | 1932-05-10 | Page 12 | Security Prices in New York Markets

t 1 L SECURITY PRICES PRICE IN NEW YORK MARKETS MARKET jl 9 STOCK MARKET RISES RECEDES I Ventures Into Higher Ground but Loses Advance as Trading Closes NEW YORK May 10 P Thc R-Thc The stock market ventured a n little higher for a time Tuesday but lost much o oits of its advance in the l lost last hour The closing tone was steady with numerous numer ou ous net gains gain of fractions to a point point The market remained apathetic with witha wih a turnover or only about shares h lre Although the Improvement in sentiment senti senti- sent ment which appeared last lat week seemed to be well wel main maintained ined traders trad ers er were extremely cautious pending further clues clue as to the probable fate a of the te taxation measure in congress A rally raly in United States government bonds bond helped the securities markets market generally for a time but It i showed signs sign of petering out in the late lat trad trad- ing ig Among shares share finishing with gains a of about a point were American Ameri Amen can Telephone du Pont Pont Public Service Service Sr Ser Ser- vice vie of New Jersey Standard of California California Cal Cali Cali- fornia Eastman Eata Westinghouse Bor Bor- den and Coca Issues closing cosing fractionally higher included Standard of New Jersey I American Tobacco B D. D San Santa Fe Union Pacific and General ral Motors while United States state Steel finished about unchanged Extreme gains had ranged from 1 to 2 points poInt in several a of the te leaders before the late down turn tur Food shares and coppers were under uder some pressure at the start and andIn andin andin in the later dealings merchandising i issues uc turned heavy Best Co dropped 3 on omission of its it dividend Macy acy lost nearly as a much and Woolworth Woolworth Wool Wool- worth sagged a fraction I