Salt Lake Telegram | 1932-06-03 | Page 18 | Stock Market Forges Ahead

STOCK MARKET Gains Reduced in Last Hoi but Advances Range From 1 to 3 Points NEW YORK R n stocks were unable to hold all their advance the securities generally forged ahead in one of ot i t most comprehensive months Friday Shares pushed 1 to 10 5 points and while some g ea were reduced or lost in the last ho there were numerous net of 1 to 3 points at the finish i closing tone was firm and th over approximated The share market was incline follow bonds which surged u expectations of early announced of a stabilization corporation also reported that the stabilizing s formed some months a aeo i never dissolved had started o ow independently Prompt ing of the tax measure from co in Washington was also reza reg cd ed as cheering and utility were helped by the compromise i ion on electric power placing the thc Inn Innon on the consumer The senate rr sure had specified that it should taken from the net income of th c Consolidated Gas North Ar Arcan Am can United Gas Improvement F p pies Gas and Brooklyn Union closed 2 to 4 points higher and the main near their best level R lost most of an early upturn j American Telephone closed ab unchanged after telling selling up 3 Ami Mno issues closing about a point hk were American Tobacco B U U. Steel Air Reduction Drug Penn Peni and Standard Oil of California