Salt Lake Telegram | 1932-07-19 | Page 14 | Market Rally Efforts Fail

MARKET RALLY EFFORTS FAIL Stocks Refuse to Respond to Efforts of Floor Traders NEW YORK July 19 jp stock market drifted lifelessly Ta day refusing to respond to efforts AU 01 of floor traders to prompt a rally hv by bidding up tobaccos Net at the finish were largely and the tone was steady Th j turnover was only about hair half half-a a mil ni lion shares The best that could be said of j tha share market was wa that the decline of the previous session had bees been checked Fresh buying power vu wa lacking A recovery in wheat and better tone in principal commodity generally failed to influence the M lit Bonds held about steady The New York tractions were a push at the start In response to unification developments and close higher Manhattan Brooklyn was 1 L 4 3 t at tho close or 1 P point int under unde up i the best American Tobacco B lost loit part of an extreme gain ol of 1 4 11 4 1 but finished up a fraction as did Loril- Loril lard Reynolds B and Liggett B. B Union Pacific and Santa Fe e also up fractionally American Tele phone rose 2 1 on purchase of 1000 shares Just at the close U. U S. S Steer Steel common was steady but the preferred lost 1 1 Lehman corporation wai a soft spot losing nearly 2 Eastman and General Foods declined about a point I