Show STOCK MARKET STAGES RALLY By EL ELMER FER C. C United Press Financial Editor NEW YORK June 11 UP UP- UP Railroad and utility issues led the market in itt another substantial rally ally Tuesday Trading increased as shorts covered The day started with some arity larity Utilities swung into action toward oward noon as the senate debated he the Rayburn bill Then rails assumed leadership Their ad- ad ance brought new buying and covering coy cov ering into industrials where Ameri Amer American can Can reached a new high 1930 1030 at 1351 up 3 points Yesterday Yesterday Yes Yes- Can rose 4 4 3 points net when an investor bought a large kirge block Union Pacific railroad gained 3 points Advances of a point or more were made by Atchison Atlantic Coast Line Northern Pacific Great Northern and Delaware Hudson Numerous utility issues made new tops and the Jones Dow utility aver aver- ago went vent into new high ground Numerous issues made new highs including Deluding American Telephone Al Allied Allied Al- Al lied Chemical All Allis Is Chalmers American Crystal Sugar Bayuk Cigar Columbia Carbon Consolidated Consoli dated Gas preferred Commercial Investment Trust Continental Can Hercules Powder Louisville Gas Owens Illinois Glass Class Pacific Gas and Southern California Edison Gains in this group ranged to more than 2 points Chemicals were strong led by Al Al- lied Case rose a point Columbia Pictures led an upturn in amuse amuse- ments Goodyear and U. U S. S Rubber picked up Chrysler gained more than a point National Biscuit equaled its high Wet stocks were better Silver gains ranged to more than a point Gold issues wore higher Demand Increased for copper shares on reports earnings of leading lead ing companies were improving Some late profit taking reduced the gains |