Salt Lake Telegram | 1934-07-25 | Page 14 | Stocks Show Firmer Tone

STOCKS SHOW SHOW FIRMER TONE TON t c Traders Believe BeHave Technical l Rally Rany Is Due but Are Disappointed By y ELt ELMER C C. C ALZER United Press pras Editor NEW YORK July 25 disappeared from the sto stock k market Wednesday as pric prices s took Jock o on a steady I to firm tone j i Recent heavy liquidation had ad forced prices to nevi new lows low for fot the year left many traders traders' of th ij Ufa opinion that a technical rally is due But the firmness was wa far fro n a rallying movement ng The only activity in the market f came in tai a midmorning selling burst u as add addi weakly margined leto nta were sold out j Stocks reflected the better tone hi fa i grains craIns Wheat was up more thin than t cent a bushel and corn com as much a. a aj as tw two cents on buying induced by prolongs prolong lion tIon of the drouth Cotton was wa slight ly improved but the bond martet was unsettled by liquidation m of u P rails ai Prior to the f in the rn market marketa it t ta a long list of or leaders had new 1934 lows J. J I. I Case Cae and California Pa ki i were among the most popular sto on the rise the former rising more more than two points and the latter re ru rca b in big Ing a B new high for tor the year for more mori than two points' points gain jj General strength was apparent Atchison climbed more than a point to above 56 Chrysler showed Jr more irdle re than a point gain at 36 New York tek Central was almost a s point high higher t r it at 22 Du Pont g gained more thir 1 point at 88 88 while white Ev Evans ns Products was wa's two points higher at 18 18 Gi eral M Motors managed to pull up upa U Ua a s 's gain around 28 i Southern Railway one of the weak est cst features of the rail group In r t cent liquidation came back to tosho thai more than a point gain at 15 Southern Pacific gained fractionally fractional to 18 after reaching a new low it earlier trading