Salt Lake Telegram | 1934-09-17 | Page 15 | Stocks Rally after Decline

STOCKS ST RALLY Many Issues Drop to New Lows Lows' for Year Close Irregular By ELMER C. C United Fren Financial Editor NEW YORK Sept 17 The 17 The stock market went through another sinking spell Monday that brought it to within with with- in a shade of its low mark for the year then rallied and closed tar lar Trading was dull all day with th the lightest volume on the recovery from the lows Tickers Tickers' barely moved In the last hour During this the period of decline dozens of issues made for the year at losses bases ranging to more than 3 points Both the United States Steel issues made mad ne new lows as did Mich auch Allied Chemical most of the utilities Pullman U. U S. S Industrial Alcohol Alcohol Al Al- cohol National Steel and American Locomotive The railroad and utility averages got into new low ground for the year but the industrial average held about 1 points above its low On the rally farm equipments equipment made good gains on rising grain prices Steels came back somewhat and so Many of the utilities ended the day with small gains Silver Issues were strong through out the session with United States Smelting the leader The latter touched up 6 p points ints