Salt Lake Telegram | 1934-12-06 | Page 15 | Profit-Taking Halts Advance

TAKING PROFIT I IHA HALTS HA ITS ADVANCE AD VANCE took Stock Market Prices Turn Ir Irregular regular Many Issues Hold Gains By ELMER C. C United Press Financial Editor NEW YORK Dec taking Profit came ame into stock bond and commodity markets Thursday and prices turned turre Irregular after Wednesdays Wednesday's Trading was brisk In the share maret mar mar- ket et with Radio corporation the most active Issue Ward Ward had heavy eavy turnover in the mercantile dl dl- vision ision and the aircraft group wet stocks motors motor equipments and some ome of the electrical equipments were well traded Despite realizing sales a long list of issues held gains to the close New highs for lor the year or longer were numerous There was activity and strength in inthe he the coppers which were aided by strengthening of the foreign market marketon on n outlook for curtailment of output Anaconda and each had a point gain at the days day's high Amerian Amen Ameri- an can Smelting and U. U S. S Smelting were fIrm irm Homestake Mining declined in inthe inthe the golds Railroad Issues were Irregularly lower near the close Small losses were noted in New York Centrals Central Union Pacific Atchison and Pennsyl Pennsyl- vania Large volume came Into Manufacturing in the automobile equipment division It made a new high for the year at 25 2 1 up 1 2 1 and then eased on profit The directors Thursday ordered a dividend divi dead payment of 50 cents against a cent 25 cash dividend and a 25 ent extra in the previous quarter Other automobile equipment shares followed Briggs Chrysler and General Gen Cen eral Motors were heavily traded al although al- al though they f to gain Packard was active and held a small rise rLee Both the McKesson and Bobbins issues made new tops for the year yean National Lead was bid up to 2 1 12 U up 3 2 1 points and a new high on further talk of a in the issue New highs were made by American Safety Razor Lorillard United Aircraft Air craft and General Cigar