| Show BULLS HOLni t. t Mai Hit Record i Level in Session j 4 By STANLEY W. W Pr Prim it NEW YORK Aug Mg 24 AP- AP Rampant bullish a activity centering In the he 5 chemical shares raged unchecked In t today's d ys two hour two session of i the m market W ek d profit tik-o tik not fall to make it its app ri an ance but for the ino most part a readily absorbed x t L More than three Issues reached such leading stocks as U. U American Telephone Steel International Telephone American Can and U. U 8 Industrial Alcohol Gains ran an to a maximum of 10 points in Allied Chemi Chemical Tha market wavered for for- fora a moment attie ab at tie the opening IT UP 8 S. Steel slipping back 3 points but bulls quickly re- re pained control of the situation u Realizing in tho final half hour however was heavy enough toJ td cau cause several recessions from th day days day's best levels and a t sprinkling of stocks sagged below yesterdays T F close There TheM was wa practically the to affect The week end business and trade trad V review reported change In tha satisfactory conditions ns m t lineS line and in gereral forecast re xe Impetus in the fall was no money market today ye yes yesterdays yesterday's 7 per cent call 1 an rat rats carrying over the thi weekend Some Some-i. what firmer money f Is week with the approach of cf th month end Republic Republic- lead v in the steel shares telling u more than 8 point to a. a new pe peak ab above ye 15 Heavy buying TV as at- at d to forecasts of arn rn ings from its new weld d pro pipe cess U. U S. S Steel after it its early de decline cline clime rallied to react a hew peak above and Bethlehem i Steer Steel mounted about appoint to a new above Inland Steel and and n- n town Sheet and Tube mounted about 5 and 6 S points to record levels American Telephone mo mounted more than 5 points touching f for the first time and International T Telephone rose nearly 7 points points' ta reach new record rd territory bove Union sold Td up 7 points to a record price at 5 S 5 Radio failed to follow the tho move movement ment in this tW group slipping back s fc couple pf f points In the U. U S. S Industrial Alcohol rose mor than 8 S points paints to a. a new peak a at 2 1 and an Air Mr Reduction Columbian Carbon were well Other strong trong points were z soil Rand U. U S S. S Freight Gas Ca and Ee Electric Shattuck wood Elliott Chalmers y Amerl-y can Smelting and Consolidated Gas Buying of coppers was heavy one one- talk of an as Increase Iri r red d metal prices Among the sprinkling of soft spots Westinghouse and Dupont soared in n spectacular fashion yesterday slipped lipped back about 4 points In hi profit Su Such shares as Johns M New york york-Cen- H Hershey Chocolate t Gillette and American Athern International 1 lost a point or- or or two Peoples Gaa 4 volatile issue t tumbled about 1 12 p points The close was wa strong approximated shares hares |
