Salt Lake Telegram | 1935-06-21 | Page 21 | Stock Market Stages Rally

STOCK MARKET STAGES By ELMER C. C United Financial Editor NEW YORK June 21 UP Con UP-Con- Con Con- returned to the market Friday Fri Fri- day ay and all losses sustained in tho past two sessions were restored in dealings well above yesterdays yesterday's rail rail- share lion total The Jones Dow industrial average made a new high since 1931 as soy soy- ral cral blue chip Issues gained as much muchas as 4 points Utilities advanced with he the average at the tho best level for the year rear The rail average regained its losses of the past two days Chrysler led in activity rising to toa a now high for the year at 50 up 8 27 points American Can Borz Borz- Warner and Air Reduction made macle new highs since 1030 1930 Briggs Manufacturing Manu Manu- and Continental Can reached their highest prices since 1929 Best prices since 1931 were made by du Pont Radio preferred B and Roller Bearing Others Oth- Oth ers to make mako new highs for the year year or longer included Consolidated Gas Great Northern preferred Pacific Gas as North American Sears Scars buck Public Service of New 1 Jer soy scy Union Carbide United corporation corporation corpora corpora- tion preferred and United Gas Im Ira provement All sections sections-of of the tho market participated participated in the advance Coppers recovered re- re covered after their recent decline Building issues were prominent 1 J. J C. C Penney Macy and Woolworth were strong in the mercantile sec sec- tion U. U S. S Smelting rose i 4 points In the tho silvers Railroad issues were vore higher under leadership of Atchison Farm equipments equip equipments ments followed the grain upward Motor equipments were strong U. U S S. Steel was up nearly a point in a firm steel section Grains were steadier with wheat and corn prices coming into line July positions in each were identical at the close wheat having risen and corn declined Cotton was steady Bonds were higher except U. U S. S government Issues which were irregular