Salt Lake Telegram | 1935-02-05 | Page 15 | Railway Stocks Hit Low Mark

RAILWAY STOCKS HIT LOW MARK NEW YORK Feb 5 UP RaIl UP-RaIl- Railroad Rail Rail- road shares led the stock market into lower ground today The Jones Dow railroad average made a new low since 1933 and the utility average a anew anew new low for the year The industrial average came with l-3rd l point of its high Steadily mounting costs for the railroads without much increase in revenue together with threats of government gov gov- control accounted for selling of the carrier stocks A sizeable list made new lows since 1933 including Atchison at 42 off 1 1 New York Central 16 8 1 off 8 5 Southern Pacific Pa Pa- off 7 3 Illinois Central 12 off 1 and Baltimore Ohio off Pennsylvania equaled its low ow for forthe the year at 20 8 1 off 7 New NewHaven NewHaven Haven preferred made a new low for many years at 10 off 1 joined the decline after early firmness following publication of a federal trade commission report on utility United gas im improvement improvement im- im provement made a new low at 10 8 5 off 7 Consolidated Gas came within a fraction of its low Sales today approximated shares compared with shares yesterday Curb sales were shares compared with shares yesterday Dow Jones preliminary closing averages showed industrial off railroad off utility util ity 1685 off