Show WALL STREET MARKET MARIET HOLDS GROUND DESPITE ESPITE SINKING A SPELL IN OPENING Gains Slightly More Than luau Offset Losses in iii Session Called On to Absorb Heavy Realizing Sales Saks end W-end end Trade and Reviews Gratifying to Traders Farm Implement Shares C Conspicuously sly jr Strong Stron Reflecting Sharp Rally in Grain SI Prices Auburn Auto Drops 5 Points LK f By CLAUDE A. A JAGGER It Associated Pre Press Financial Editor NEW YORK July 6 AP Tho AP-Tho The stock market held its groUnd in n a highly satisfying to the bull forces today although the huge in increase in crease of in brokers broker loans reported last night caused a momentary mo nc- spell at it the opening C Considerable week end taking hafl haU to bo be absorbed and a at number of Issues closed a few points lower but the Associated price Indices Indicated that slightly moro more than offset the Josses So many brokers and traders trade were ero out of of- town towi for or the thc end that trading was wa in mod mod- crate volume tile Iho turnover for the I two hour ur session barely exceeding shares There was as little in the In-the the days day's news to Influence the trend ot th the mar mar- although i reduction of S 1 of 1 per cent In bid and asked rates oi bankers bankers' acceptances give lurther c of the tho slackening of ef th credit strain Ye ri call money rato of 7 per cent carried car car- ried or b th the week end und batik batik- era rs expect that call loans may bo ho firm text next week a as the final midyear checks ar aio re returned e turned for collection and hank off more of their at atthe the federal reserve It matters are d to take their course there there- thereafter after afler however a L marked Improve c nent Is expected The end Th week end trade and business were cro gratifying gratifying- with the building and bri brick k manufacturing manu about tho only oft spots pots 1 F W W. W Dodger Dodge Corporation r oration reported that building contracted in the cast of tho In June declined 7 per cent May and 16 per cent from June Several move far fa r- r able abl June sate sales reports o chain systems came ama to hand It va was in motor that the demand for far new ew models remains in insistent in- in and a. a mild seasonal season season- a al decline in manufacturing is anticipated an an- Farm implement were A a conspicuously strong group reflecting reflect reflect- ing the sharp rally yally In grain prices this this' week Ca Case Threshing was sent kent up 28 to a record at Et Minneapolis reached high ground in a a. moderate pain gain and International Harvester and Oliver Farm Faim Equipment mounted n about 2 a points Food shares were vero aiso aeo well bought corn coui Products Continental Baking Cola Coca rising 3 to 6 points to know v no peaks n Kodak was i a a strong feature nearly 12 points to 4 2053 4 3 getting above e the Uie auar for Zor the first time The Tho buying buy buy- ing was attributed to i of an impending for 4 and Unconfirmed unconfirmed un Un- confirmed reports of the tho develop develop- Jn nt of ot a new film can be manufactured much more cheaply present types Allied Chemi Chemical cal Peoples Gas Cutler Hummer Hammer International Telephone Ho Iloe Co International Business Machines Machines' Steel Simmons and YoungstOwn Young Sheet Tube were other ties reaching new new high s sor or- or orthe the year ear or iong longer r. r Auburn Auto which had a violent spurt yesterday fell back 10 points but recovered halt half Its Commercial Solvents lost early Dearly 9 points Du Pont and National Na Na- Biscuit lost 3 or r 4 points In profit U. U Steel Pack Pack- General Motors Motors' Radio and General sagged about abou a point 4 In Ia the commodity markets wheat heat advanced id about 2 penta moro only to t run into taking profit resulting bearish weather v ather reports from South Dako Dakota and a a. reaction at Winnipeg dosing closing a- a cent and more lower Corn sagged more than 1 cent In poor cash demand Cotton Cot Cot- t ton n cased slightly Foreign exchanges were cre dull and Sterling Cables hold hold- Jug at 8 8 7 and nd the the- Japanese n rallying 10 10 1 of a cent further to cents |