Salt Lake Telegram | 1935-09-10 | Page 29 | Chrysler Hits Six-Year High

CHRYSLER HITS YEAR SIX HIGH HIGHBy By ELMER C. C United Press Financial Editor NEW YORK Sept Sept 10 UP UP- UP Chrysler spurted more than 2 points Dints to a new high since 1929 to lead ead the entire stock list Into high er r ground Tuesday Industrials made new tops top Mac 1931 in tho thu average while the rail average held close to its years year's best and utilities were about steady Leading industrials were the tho favor favor- tes Ites SLiver Silver shares reversed them elves elve when Howe Sound ordered an extra dividend of SO 30 cents Amer Amer- ican can Rolling Mill led the steels when Its ts directors ordered a dividend of JO 30 cents a share the first dividend since ince January 15 1931 when 60 50 cents was declared Heaviest operations centered on the automobile group where Chrys- Chrys er crossed 72 General Motors above 46 was at atthe the best level since 1931 Studebaker and Hudson also made new highs for the year Motor Mothr equipments were higher with M Mur Murray r. r ray at a new top H shey B however sold off of on n pr profit profit- fit fit- taking when directors declared a dividend of 25 cents a share the first since Mace July 1 1930 when 30 cents was paid United States Steel common stock was high for the year on a substantial riso corpora corporations corporation's tion's shipments of finished steel products for August The total for the month was tons against 57 tons or July Electric and Eastman East Eastman man Kodak t their best prices since 1931 Di Du Pont Font equaled its high since 1930 Case approached Its made the best level point a gain New highs also were made by Acme Steel American Foundry Ele Electric Bp Boat Collins k Aikman Briggs Burroughs Budd Wheel International Harvester General Electric Greyhound Johns Manville Serve Servel Union Carbide U. U ather Issues Warren Pipe Foundry and Great Northern preferred American Telephone equaled its high near the close of tho market on renewal of investment buying Western Union equaled its 1925 1935 high at 51 U. U S. S Smelting was among the few issues making new 1935 lows It touched 92 off but recovered all the loss lOas and substituted a small gain on the Howe Howo Sound extra divi Copper stocks were bid up on outlook for higher copper prices Gold mining issues were dull