Show HUllS EVILS REFLECT NW NEW t CONFIDENCE Early Sales by Profit Takers lakers Find Ready Purchasers By CLAUDE A. A JAGGER Associated Press Financial Edit Editor r. r NEW YORK YORI July 17 11 AP AP-Am- AP Am Ambitious bullish bullish- operations were pressed forward olward aggressively in to today's to to- days day's stock market although t f r- r thor ther flurries of ot profit taking faking hampered ham the proceedings proceedings' at at- times The Tho bull leadership displayed no Impairment of oC confidence although l their following appeared rather nervous nor ner ner- ner and not averse to deserting the cause at atthe the first sign of ot cult culty With ith business news still failing to show shou anything conclusive about th the tho expected or hoped looped for tor recovery cry ery several commission houses houses' I advised advised ad ad- their clients to take profits and await a reactions before doing doln further buying START SELLING EARLY was subjected to con conr selling in the the- first half baH hour but it H was well ab absorbed and during tho the next few hours of tradIng tradIng trad- trad Ing the list showed ved considerable buoyancy as pool favorites were briskly worked higher The Th market turned dull dun during th the th early Afternoon and further profit taking appeared but an upturn upturn upturn up up- turn In the tho wheat market at nt that time reflecting reports report of oC rust in Manitoba was a L stabilizing devel devel- Corporate news was a n. lit Ut- tb tIo less pleasing than it has been tor for the past few tew days das when a a. few largo corpora corporations lions published favorable favorable favorable favor favor- able earnings statements AppearIng Appearing Appearing Appear Appear- ing today included Purity showing net equal to 3 3 a a. share shalo durIng during dur dur- Ill ing the th first eight twenty we weeks ks of of the year ear as reduced from in the same period a year ago and Alkali with 81 Si a ashare share shu-c in the tho June quarter as re reduced re- re from froni 96 06 cents RADIO HEAD PLEASED David president of corporation was mildly optimistic Ho said the report for tho the first t half would not a offer reel much encouragement encourage tC ment but explained tho radio In Industry Industry industry In- In has passed through h a a. vcr very trying and it Is just about Able now to sense the turn tow toward rd improved roved conditions The six months' months report of ot power consumption issued by National Electric Light association was in interpreted lii- lii favorably to manufacturers ers of ot small electrical appliances Household consumption shot showed d a L again gain aln of or per cent over last year and small 1 business concerns concer s 68 per cent Large Industrial users' users however however however how how- ever took 2 22 per cent cel t less lcM and the gain for or the entire consumption was as only 17 per cent cent considerably less than normal OILS W PROMISE News from tho the oil Industry was again pleasing with Texas producers ers era agreeing to further reductions fond and nd tho thu merger negotiations which may include disposal of holdings In Sinclair Pipeline to Standard of Indiana understood understood understood un un- un- un to be progressing The Tile utilities encountered some pressure pressure perhaps in reflection of tho ho power consumption report Electric Elec Elec- Power Light LIht Pacific Lighting and and Public Service of 0 New Jersey jersel sold off a point or two Such Important Import import- ant shares as U. U S. S Steel American Telephone General Electric Radio and Standard of N. N J. J sold old off oft a a point or so at times but were firmly firmly firmly firm firm- ly supported on slight sags AMUSEMENT STOCKS UP LIP p The Tile amusements were well bought Loews and Fox rising 2 points or more was again a 11 popular popular lar trading favorite going up about 3 points Wrigley one of the tile few companies to report higher earnings than last year ear rose more moro than 4 to new anew hIgh for 1930 Underwood El Elliott Elliott El- El liott Freeport Texas Worthington and Amerada sold up 2 or more lUSh High fliers were overe such volatile is issues issues IS- IS Chemical and sues as Auburn Allied Vulcan making extreme gains of or 7 to 10 Call Can money was plentiful at nt 2 per pcr percent cent with some offered at 1 11 2 11 2 1 out out- side Strong buying came into the markel market market mar- mar ket kel in the tile l last st hour under tim tho leadership lead lend of or numerous numerous numerous' important shares Including American Telephone Tele Tete- phone which converted a 11 loss ofa ofa of ofa a point Into a a. net gain ot of mote than 3 Stocks Stock up 3 to 4 points In Included Included In- In Johns Air Reduction Reduction Eastman East East- tion National Cash Casio Register Oil ml non man Kodak Houston Houlton um Freeport Texas and Simmons Wrigley shou-ed shou an advance of 5 rather General Electric remained heavy Tho The close wa was strong Sales I approximated shares |