Salt Lake Telegram | 1932-07-16 | Page 12 | Stock Market Eases At

STOCK MARKET MARKEV 5 EASES AT CLOSE Feeble Efforts Efforts' to Continue Rally Halted by Prof Taking it-Taking 1 NEW YORK July 16 The IP-The The sto market vacillated uncertainly In Saturdays Saturday's saturdays Sat week end session j There were son some rather feeble ef forts to extend Fridays Friday's rally but they were discontinued when week end prof taking profit taking it-taking appeared The list closed with a somewhat easy tendency with a number of declines in the leaders ranging from fractions to a poin point While a scattering of issues finh slightly higher The turnover for fE two hour session was only about 30 shares Professional traders who had n not left town for the week end werd evi dently awaiting developments i in Washington where the legislator were working on last minute Items f S preparation for an adjournment after their long session which started f in December Among issues losing as much as t point were American Can Ale Air Be Be- auction American Telephone Eastman while declines of 2 1 point and ad or so appeared at the close In shares as oo TT U C S. S Steel 04 i T Woolworth Allied Chemical Ra Rails were Given a boost during the morning Union P got up 1 2 1 points then lost rise A gain of a point I point in Santa F Fe was reduced to a small fraction ties tics 11 v 11 generally held up well Consoli dated one time Gas got up a 5 major ajo fraction S at but closed about unchanged There was some activity in the oils Iut they failed to make notable h d. d way Shell qi rr Union was temporarily M higher u but Standard of New JenS Jersey finished with a small loss Continued firmness of bonds was one of the most ing aspects o of the e weekend week marke The temporary rise in railroad shares was largely m in sympathy with furth advances in the carrier f Strength IM n h of f this this group P has la lacked ed tai gible basis but seemed lo to be largey m in connection with optimistic for casts as to the probable ac menUs ments m of the meeting of railway ex in New York next a which time avoidance of competition is expected to be