Salt Lake Telegram | 1933-10-24 | Page 14 | Metal Issues Lead in Rally

I METAL TAL ISSUES lEAD IN RAll Upturn During Final Hour Converts Convert Early Losses Into Gains 4 NEW YORK Oct Oct 21 24 F Led ry the buoyant mining and metal issues stocks stock staged a last last-houf rally rily Tue Te ru ruday day and md transformed many early eary ge gereral general gen ger eral Jo losses sc of ot 1 to around 2 poin into gains of 1 to 4 or more in equities euite gained momentum neathe neathe nea the end of or the te session and the close c was wa strong Transfers approximated shares Although the share shaie market mul mullet about indecisively and rather dully duly until the final hour the lat late rush ruh lifted prices In all aU categories Brokerage houses house reported tha ta conflicting interpretations of the tho ad administrations administration's ad administrations ministrations ministration's gold control were largely responsible for tor thO th morning hesitancy but that there w wa wa wa waa a revival of inflationary coincident with another break In i it i dollar dolf rates rate Homestake Mining Minin shares share sut about 26 points pits while those of Amei ican lean Smelting U. U S. S Smelting Ae McI McI ty tyre e Porcupine Dome Cerro Cero dc de P dc-P P co and Alaska Juneau were up 3 t around 6 The alcohols alcohol heavy a aone at atone atone one time came back for gains gai of to 4 Case advanced about 4 an and gainers of 1 to more than 3 included American Telephone U. U S. S Star Ste American Amerian Can Johns Manville Johns New Nei NewYork Ne York Central Allied Aled Chemical Gereral Gen Ger ern eral I Motors Baltimore Ohio Union Pacific Santa Fe Fc Sears Roebuck an and Goodyear