Salt Lake Telegram | 1934-07-17 | Page 18 | Listless Tone Marks Stocks

LI LISTLESS TONE I MARKS STOC Prices Slip Irregularly With No Incentive for I Trading NEW YORK July n 17 A ot drab hour five session on the N New York Stock Exchange Tuesday foud found prices slipping irregularly lower with no incentive for lor trading The San Francisco situation Iu labor difficulties in other par the country still generated a ncr ner to stock traders In lion railroad reports were not reassuring teas reas- suring rumors of liquor price cut caused selling industrial reports ga eava no spark to revive buying life and trade indices generally were color less Only In the commodity markets was there any Interest Cotton atUr undergoing a rather heavy wave o ot profit taking at the opening cams came back to show gains of 75 cents a abal bale with prices at seasons season's high Grains Improved with wheat more than a cent a bushel higher on buying de mand Bonds were Irregular with speculative issues those taking their tone from the stock market reacting The stock list was spotted Philip Morris advanced to a new high for fora a decade with a gain of 2 points to 33 33 Hercules Powder run up t to 81 for a new high and a pain I 1 points New Nett lows for the year were set et br by 4 American Commercial Alcohol i American Woolen preferred Avis tion corporation Columbia Gas Good rich Hudson Motors Hupp Motors New York New Haven Hartford preferred Radio corporation ley Simmons The main group came in lit the alcohol stocks where continued selling selling said said to represent some long accounts account which slowly are being erased erased carried carried the downward drift more Price problems for the indu try plus possibility of Influx of tee Ire foreign supplies chiefly were responsible for the heaviness I la these issues