Salt Lake Telegram | 1934-07-05 | Page 16 | Stocks Climb on Wide Front

STOCKS CLIMB ON WIDE FRONT Rally Occurs Without Much x z V v Increase in iii Volume of Trading t y By fly ELMER ELIER C. C United Tress Pies Pres Financial Editor Edior 1 NEW YORK JUl July 5 Moderate 5 i im improvement provement in sentiment alter after the holi holiday holiday hol day was as translated Thurs Thursday ny into gains in hi nearly all til l S 'S sections of the stock list lit The averages re registered the best improvement Jn In n nearly arly a month However the rally raly came without benefit of increased trading Therewa There was wa a slight pi pickup kup from Tuesdays Tuesday's volume of shar shares but it was too to small smal to be considered significant Some Wall Wal street tr traders ders have expressed expressed ex pressed the opinion the market cannot cannot can not generate activity now since pools pool are taboo Pools Pol they assert adver adver- tise tice tse the issues on the tape and so attract at tract trac public participation Veterans of however hold to the belief belef activity and activity and strength in Issues depend in jn the last ast st analysis on the earnings earing of or ortie tie the particular company compary and future prospects prospect There are many stocks stock which would s l higher on the foregoing basis bai according to the experts but traders still sti are arc cautious about abut making commitments commitments com in the absence of definite rules rule of procedure Today's news was wa more general than specific specific but but it i lent lenta a brighter tone to the te business pic plc- pic ture Electricity output for the week ended end end- ed cd June 30 set sel a new high mark since March 1931 Car loadings for that week will wi set a n new high for the te year car according to estimates The Te German situation was reported improved with wa Germ Germany and Great Britain arriving at a temporary agreement on the Young and ad Dawes Dawe loans Gains Gain in i stocks stock ranged to more than 2 points pint All AU save a few participated General Foods Fod dipped fractionally t toa to toa a 8 new low for the year American Sugar recent strong spot dipped nearly 2 points point and regained a point pInt of the loss Other sugars however followed sugar ugar futures future into hi higher her ground The Theater Theatter latter atter ater were were- up in all al positions with the July 1935 option opton near the 2 cent level ake Mining shot up 9 points pint to t a record high at on declaration oC ot an a extra dividend of oC 2 and 1 regular regu regu- lar hr lr monthly payment Heretofore the f stock lock paid 1 extra Other gold miners were higher Silvers firmed fractions to 2 points point with wih Cerro Cerr de dc Pasco at a n anew new flew 1934 high Copper shares share were higher with wit demand centering on Anaconda and International International tonal Nickel