Salt Lake Telegram | 1934-05-24 | Page 16 | Stock Market Turns Firmer

STOCK MARKET improvement at Opening Maintained During Day of Dull Trading NEW YORK May 24 r firmed In the first hour of trading he the stock exchange Thursday tj c held steady through the re of the day In dull turnover Commodities generally vere i. i small mall amounts with silk st Wheat closed up 8 1 to off 1 14 4 corn closed up l 1 to 1 I 8 5 cents doll ton on futures cased slightly sn Sll was vas practically unchanged j in d dun i trading I Amusement shares featured on tI th stock exchange Paramount cates were most active coming ou out s fn I blocks of 1000 to shares all dav day Columbia Pictures rose to a new ij for the year at 32 up tip 1 1 Loew's Loews gained a point Earnings it y i ports for the group were favorable Steel Issues were unperturbed by a strike threat for the Industry on i June 16 Bethlehem and U. U S. S steel equaled their lows at the outset but firmed later and held small gains to ho the close Most interesting news of the da dar darwas was from the steel Industry tives attending the American Iron and Steel institute found labor trou tr u bles les the greatest menace to recovery very Once said the Industry would notre not any union Simultaneously the Amalgamated Association of Iron Steel and Tin Workers announce they would strike June 16 le i If the companies failed to recognize rc the union June 10 The steel Industry now operator operating about 55 per cent could earn a re turn for investors If a recession di did not develop the executives were told Strike troubles In Toledo had no effect on the stock of Electric Auto Lite the company directly affected The Issue firmed fractionally Automobile Auto Auto- mobile stocks were fractious to a point above the previous close cloie and small gains were vere noted in the equip ments American Telephone steadied slier afler a sharp decline Wednesday when Illinois Bell Telephone omitted Its 2 quarterly dividend Other cons com were firm with Western Union up more than a point Stock Stock- sales approximated shares against shares Wednesday Curb sales were shares the smallest day since April 3 1933 against shares Wednesday