Show STOCKS CLIMB 1 By ELMER C. C United Press Financial Editor NEW YORK March 21 UP The UP-The The stock market climbed 1 to more than 1 4 points Thursday led by a last hour buying movement In public utility issues in trading which forced tickers tickers tick tick- ers a minute behind the market utilities found found- L Led The strength in was cd ed on a rumor that the public works administration would cease lending I money for erection of municipal power pow 1 1 er plants The rumor was without confirmation but utility stocks and i bonds rallied i iOther Other developments Included t Rumors that a favorable railroad rate report might be made soon Defeat of the La Follette amend amend- amend 1 ment to the public works bill which would have almost doubled relief ex- ex V A speech by Professor E. E W W. Kemmerer Kern Kem- monetary authority that inflation in lation virus was working slowly but powerfully at the moment Bonds were mixed but the cotton market recovered almost all of a midday midday mid mid- day break of around a a bale The first four hours on the stock market were dull Price changes changes' were vere narrow Then Thea came a little littles i buying into leading utility issues which suddenly developed into a i lull full boom In all utility shares in- in eluding low priced issues Rails and industrials were slow in picking up momentum but when the utility ral rally rally ral- ral ly lasted they too swung into a at climbing market Shortly alter after 2 o'clock tickers got behind and prices reached their peak gains being widest in preferred shares of utility companies Trading volume slackened but prices held around their highs Better gains included Columbia Gas Gas' v preferred up 4 34 4 at 49 4 3 i Consoli-i dated Gas preferred up 4 2 1 at 81 81 Consolidated Gas up more than points above 19 Peoples People's Gas up 2 at 21 American Telephone up 2 21 1 at 4 1 North American up 2 at i 11 4 3 United Corporation preferred t tup up 1 8 5 at 24 4 3 Public Service of New Jersey 8 per cent preferred up 4 at and the common up 2 4 1 at 4 24 3 I |