Salt Lake Telegram | 1934-08-02 | Page 14 | Stock Markets is Deserted

STOCK IS DESERTED Prices Fluctuate Narrowly With Volume Under Half Million B By ELMER C. C United Press Financial Editor NEW YORK Aug 2 UP- UP ers era practically abandoned Se- Se the stock market Thursday pending new abroad Prices f ted narrowly with volume well S der the million half share may mark S' S Opening transactions were moved in itt a na arm light range around the previous close Th ket had been amply preparo- preparo f. f the death of the German and the formal announcement accepted without a A was In the afternoon was fOll o-j o i by-i rally near the close Foreign markets were not cd ed The Berlin and the Parts bourse closed as soon as word of Von Hindenburg's death On can the London market German bonds bond held steady as did gild edged while international Issues ro rose in response re to yesterdays yesterday's recovery j IE New York s On the decline that preceded th lale recovery a few special issued made rather wide vIde losses but the SM list held hed in a narrow range Philip Morris which recently behaved be haved as if It had pool sponsorship broke to 28 28 where it was off 3 1 K points Later it recovered part othe oi the loss Sterling Products touched 60 5 3 oIl off 3 8 1 points before support Seaboard Oil which gained 2 M 1 points yesterday on declaration of the ti-ic usual extra dipped 1 W 38 t IT 25 3 38 Wet stocks made substantial gal gain m in the late afternoon Commercial Alcohol was bid points while National Distillers and Schenley gained more than a point each Chrysler led a rally in the moton as traders anticipated a favorable earnings report to be issued after the close today The railroad division lagged behind other groups on the recovery as esti estimates mates on car loadings to be reported officially tomorrow were revised to show a car decline from the preceding week