Show STOCKS CLIMB CLIMB IN DULL MART Many Traders Remain on trio t Sidelines Every Division Advances 1 By ELMER C. C Untied United Press Financial Editor NEW YORK July Stock 28 prices advanced fractions to 2 points Saturday Satur Satur- day despite an almost complete ah al' sence of trading enthusiasm News developments affecting the market were scarce and many traders remained on the sidelines The Aus Aus- rian trian situation gave Wall Vall Street more comfort while advices from the mid mid- indicated some relief fro from he the drouth L LEvery Every division on the stock stocket ket et benefited in the firmer trend rend the utility grop which wai w heavy under the tho lead of ot Consolidate Gas Friday Friday coming coming back to gains ains ranging to a point t 1 Aircraft stocks benefited some bythe by by- he the plans for enlarging the govern govern- meat air service Wright tie ic an issue with a small outstanding Istock i stock lock was active and at one time showed a gain of 4 points to 44 41 Near he the close it had slipped back to 41 United Aircraft advanced to around 15 5 for almost a point gain while the j lesser priced stocks of the group all jn were fairly active 3 Union Pacific RIseS RUc Rails were in fair demand Union Pacific gaining 2 points to 3 York Central held steady around j 20 2 1 while Atchison was almost a point higher at 54 7 78 Baltimore and Ohio gained almost a point to above 15 and Chesapeake Ohio was about a point improved Mining shares were unable to advance ad vance with the remainder of the mar mor- ket U U. S S. S Smelting showing 3 1 loss at American Smelting held about steady as dic Cerro de do Pasco Radio corporation shares were ac- ac ive tive in the industrial group the com common orn mon stock gaining fractionally to above 5 5 while the preferred B gained more than a lo to above 22 U U. S. S i Steel held a fractional gain around around- 35 35 while Allied Chemical gained 2 4 3 points to J. J I. I Case showed 8 5 gain at 38 and International Harvester Har vester was slightly improved Motor shares were about steady with Chrys ler unchanged at 34 2 1 and General Motors up 4 1 at 20 26 7 were firm Lifted Out of Rut Disaster provided the pressure this This' week which smashed stock prices price but lifted trading out of the rut holding hold bold ing it for the last fortnight It left Wall Vall Street with a fine fin set of nerv nerves s for the problems Stilt still ex- ex 1st Sentiment however is Improved mainly the result of an excellent snap back in prices Friday v Before the traders during the week were these items Austrian situation which Wall Street overestimated greatly The drouth in the midwest affect affect- lag ing all manner of business which impressed forcibly to the financial district during the week Industrial statements with not so much cheer particularly General General- Motors corporation which reported j a tremendous increase in sales and a slight dip in earnings thus indicating higher costs of operations Friday was the only day the stock market saw rallying power For the remainder of the week there was a steady recession climaxed by Thursdays Thursday's Thurs Thurs- days day's market in which losses up to 10 points were recorded and all averages averages aver aver- ages shot to new lows extending backwell back backwell well into 1033 1933 with the utility list flirting with its us 1933 low |