Salt Lake Telegram | 1935-11-15 | Page 27 | Mart Continues Upward Swing

MART CONTINUES UPWARD SWING NEW YORK Nov 35 15 UP The UP-The The stock ock market was pushed Into further fur fur- ther new high ground Friday the Friday the industrial average reaching a new year our peak and the tho railroad av- av rage crage a new high for the year year year-In In trading close to the share sharo mark Utilities alone failed to share In he the buoyancy They were quiet and held close to the previous close taking Profit was heavy after the sharp harp rise yesterday which was at he the best trading volume in almost t wo but It was well absorbed sellIng belling gamed gained little headway and he the market quieted on all sides But advances continued to bring out demand and at times tickers were as much as two minutes late Individual blocks were smaller than on Thursday The British election returning the conservative government to power had been anticipated but did bring one market reaction New York brokers report reported d that English in investors in- in turned the to American market mar mar- ket now that their problem is set set- tied In addition western buying continued good Trade news continued favorable Dun Bradstreet Inc reported re retail re- re tail sales as much as 15 per cent better than last year and being beine spurred by colder weather A de dc- dc dine cline in was less than a seasonal decline and the gave carriers car car- a little strength Chrysler corporation was one of the e favorites late in the tho trading Held back reportedly by a considerable consid consid- erable short interest in recent sessions ses ses- it suddenly came to life anti and advanced to a new 1935 high at for 2 advance General Motors nod hed about steady Farm equipment shares provided the opening sensation as J. J I. I Case went to a new peak for 5 points gain and International Har Har- HarI I vester touched 65 for more mere than 3 points gain and a new high Both retained most of their advances wih with Oils Standard had a advance Oil of New Jersey crossing 50 for the first time in several sev sev- eral weeks Texas corporation made a new 1935 high as did Continental Con Con- Eastman Kodak DuPont Loews Loew's Warner Brothers National Lead International Nickel were among other issues to make mak new highs