Salt Lake Telegram | 1933-06-16 | Page 14 | Stocks Stage Late Recovery

STOCKS STAGE STAi LATE RECOVER Nervous Financial Market Manifest Irregular Tendencies NEW YORK June 16 p N financial markets market milled mie about In u highly irregular manner Friday f fo lowing owing their severe shakeup o of t m previous session Stocks Stok after Ini fn rallies rale and nd declines dedin 1 staged last ast minute recovery in which a a rj her ber of the leaders retrieved retrieve 1 around aroud 3 points pit of ot their losses lose The Te close cose was wa L dy to t f fix Transfers approximated approximate shares share j I. I Although the American dollar fere a relapse in foreign markets market early in the proceeding markets markel apparently were skeptical of of currency gyrations W view of reports that stabilization 1 plans plan were being beng dout in Lo don Late short covering however L gave a much needed lift to many h hart hard pressed pree shares share Gains Gais generally lne failed to recover but cotton rallied Ba Ban Bip silver siver dropped 4 1 1 of ot a cent an a ounce to t 35 4 1 1 cents cent and bonds bond w were re mixed ou Stocks Stok that tat came back 1 to t about abut 1 t p ponts pant included American Telephone Du Pont U U. S. S Steel Stel American Smelt ing Bethlehem Steel Allied Ale Chemical Chem Chemi cal calf Chrysler U. U S. S Smelting and aad Johns Manville Among lesser gainers gain an ers were General Motors American Can Ca Anaconda United Aircraft Na Na Distillers N. N Y Aircraft Central Cental Co Co lumbia Carbon Western Union and d Pennsylvania The rails rais were without without with with- wit out much life me Union Pacific lost lot t a point poin point while Lackawanna Baltimore Ohio and a num number r of others heW heM to t a narrow range