Salt Lake Telegram | 1933-06-08 | Page 17 | Many Stocks Hit New Highs

r MANY STOCKS HIT NEW HIGHS Moderate Reactions Enco n. n 1 ter Sizable Supporting Orders NEW YORK June 8 The Thi sweeping stock atack market advance en encountered countered some resistance Thursday but Ut moderate reaction found sizable supporting orders and many price again agam touched new highs for lor the put past year roar or or so ao with final gains ranging from rom tractions fractions to 3 or more points Trading continued at a feverish feverish- pace the turnover approximating shares hares Another sharp slump In the inthe the American Ameri Amen can dollar In foreign exchange mar ma apparently was was' was considered a bullish market factor Coincident with soaring foreign currencies and a re re- revival revival vival of Inflationary gossip mining and metal stocks exhibited renewed strength Some Industrials and utilities ties moved up substantially Grains and c cotton sagged sagged Rail equities were inclined Chicago Northwest Northwest- Northwestern em ern dropped around 4 points at one onetime onetime time but quickly regained most moat of the loss Allied Chemical came carne back fo for lor a again again gain of around 4 points and the W fast fast- stepping Homestake MIn Mine stepped to about 10 The heavily traded mining and metal Issues with gains of around 1 to 3 or more point Included In in- included eluded Dome Mines McIntyre Porcupine Porcu pine Alaska Juneau Juneau- U U. S. S Smelting TT U U. S S. S C Steel and r J Inte International Tnt nati n 1 l Nickel 1 11 i 1 TT U U. S S. S C Steel and r J Inte International Tnt nati n 1 l Nickel 1 11 i 1 r ona 2 Large blocks of at Nickel changed hm hands In the last hou hour Stocks up fraction ally to about a point Included American Amen Ameri can Telephone Tobacco B Liggett Myers B Sears Seara Roebuck Case Anaconda Montgomery Ward American Radiator and United Cor Cort Shares of Western Union Santa Fe Fe National Distillers and a number of others sagged a point a or more Most of the leaders closed slightly under of the day MINE COMPANY FORMS The Western Gold Mining company's corn com pany's articles of Incorporation fixing the capital at with cent 1 shares were on file Thursday In the county clerks clerk's office The company's corn com pany's main office is at Newhouse building and the property is located in Park valley Box Elder EIder county N N. N G. G Morgan is president S. S M. M Barnes vice president and J. J H. H Morgan eec eec- treasurer DRIED FRUITS AND HOW HOPS NEW YORK June 8 Dried AP-Dried Dried traits fruits Steady unchanged Hops Quiet Hops Quiet