Salt Lake Telegram | 1934-12-04 | Page 17 | Stocks Strong; Trading Light

STOCKS STRONG TRADING LIGHT Taking Profit Early In Day Unsettles Mart List Steadies at Midday By ELMER C C. United Press Fress Financial Editor NEW YORK Dee Dec 4 Stocks 4 Stock bonds and commodities advanced Tuesday in light trading while the dollar rose in terms currencies cur and declined in gold units Prices were irregular in the early stock dealings on further profit The list steadied before before be be- fore noon Aviation shares shares' mounted Iii n active turnover and finally the rails assumed leadership of the market mar ket with gains ranging to more than 2 points Atchison was a strong spot It touched 57 8 3 3 up P 2 4 3 points while gains of more than a point each were made by Delaware It Hudson Delaware Lackawanna Western New York Central Union Pacific Northern Pacific and Atlantic coast line Norfolk Western gained 3 4 1 points to 2 1 on on one trans action Aircraft Most Active United Aircraft corporation was wai the most active issue on the boards board making a new high at 13 8 7 up 7 7 Strength and activity were noted in irs Douglas Aircraft Aviation corporation corpora tion and the Wright Curtiss-Wright issues Mercantile shares strengthened on cia better sales J. J C. C Penney Pennel rose 2 points to a new high for the year at 70 2 1 on declaration of a 2 extra ex cx tra dividend McLellan Stores made a net high at 13 2 1 up a point Sears Roebuck rose a point to 41 Steels responded to a rise In op cp- cp U. U S. S Steel at one time was was' at 38 8 5 up 1 1 18 It held most of the gain while smaller advances were made by Republic Steel and Bethlehem Communications Rise Bis Communication issues rose with American Telephone touching 34 4 up 2 8 1 Western Union 36 8 3 up 1 8 3 Postal Telegraph preferred 17 2 1 up 1 2 1 and International In Telephone 9 2 1 up 12 Radio issues were active and firm Sugars strengthened with sugar futures South Porto Rico Sugar touched 21 and then rallied to 22 34 3 where it was up 1 4 1 point net neL American Sugar Refining reached 66 4 1 dividend ex-dividend up 2 12 points Building issues were active and firm Soles Sales approximated shares against shares Monday Curb sales were shares against shares Monday