Salt Lake Telegram | 1935-12-11 | Page 19 | Stock Market Resumes Rise

I STOCK MARKET RESUMES RISE By ELMER BLISTER C. C ALZER United Press Fre Financial Editor NEW V YORK Dec 11 Stocks 11 Stocks Wednesday resumed the rise Interrupted Interrupted interrupted Inter inter- Tuesday by a n stalemate in itt inthe inthe the London silver market Thanks to American assistance the London sliver silver crisis passed al although although although al al- though there still were many Mere gesture on the tho part of oC the United States treasury to aid the silver situation allayed fears London brokers set a price at an American equivalent of 61 cents an ounce n a decline of 3 cents from the previous quote fixed day before yesterday Early in the session the tho stock market marlet was irregular with silver shares prominent on the downside Meantime the tho London silver brokers strove to set a price and thus maintain prestige of their market mar mar- ket When they succeeded pressure pressure pressure pres pres- sure relaxed from the silver sliver shares snares and in turn from the entire market American Smelting which touched 58 58 came back to above 60 U. U S S. S Smelting gained Rained more than a point from its low Other silvers slivers be behaved behaved be- be haved bayed correspondingly Coppers re resumed rc- rc their rise The motor shares were vere the real leaders in the recovery Chrysler touched 87 8 1 up 2 38 8 and held most of the gain General motors gained more than a point Lower priced I Issues sues made small gains gair Motor Products at nt its high was up 2 points and led motor equipments higher Electric Lite Auto-Lite was up more than a n point and new demand developed for Houdaille Hershey B Band Band and Briggs Demand for the motors was based on outlook for further gains in production In November the countr country's country's coun coun- tr try's s output of oC automobiles set anew a anew new V record for the month and the outlook for 1936 is regarded as favorable Steel issues resumed their rise led by Bethlehem which touched 48 78 8 up 1 18 1 U. U S. S Steel was up fractionally and other steels rose fractions to a point Steel operations operations operations opera opera- according to Iron Age dipped a point but scrap steel considered an excellent barometer registered a price advance Railroad shares were steadier Utilities made mado small gains Oils firmed and demand increased for for- bonds of or oil companies Store shares continued to gain with Woolworth the exception down more than a point Electrical equipments buildIng buildIng building build build- ing s shares h are s farm equipments liquors and bank stocks rose fractions fractions frac frac- lions to more than a point Warner was active in