Show STEELS STRONG LIFT BIG BI BOARD By ELMER C. C C WA United Press Financial l Editor NEW NEV YORK Feb VaU IS Wall 18 Wall Street forgot its It depression caused by the to supreme supreme courts court's courts T V A decision and bid frantically for steel shares i in late stock market trading Tuesday Steels Steel soared to new carried carrica car car- rica ried the industrial average to a n now new new high since 1931 1931 Tho The whole market maket was was- lifted with wih the he stool steel shares Utilities which had hd been depressed further in the furter early eary trading snapped back from the te lows Iowa I but there was wa considerable nervousness nervous nerous ness in the group As tho the industrials Industria spurted ahe ahead d rails raUs responded to favorable earn n reports for 1935 and ad higher c car loadings a record foz to for the tho to week ended last lat Saturday Motor and motor equipment shares were strong Aviation shares made new naw highs mou mounted td with wit tho the rails rail American Smelting reached a new high at 69 up 2 2 point points to head the silver copper copper siver division United States Steel common hit lilt 64 up 4 7 points points' point and a new high since 1933 Its It preferred Jumped lumped 2 points point to a a. n new top Bethlehem Bethle Bethie Bete hem hera hit 59 69 up 2 2 points point Otis 19 up 1 and nd Republic 26 up 1 all al new tops American Boiling Mill was up a 0 point point Steel Steel operations this thi week were ere estimated at 53 per percent percent percent cent of ot capacity by Jones Dow and Co up a point Trading increased near the te close and tickers fell feU behind Auburn automobile turned active and strong and ran ra up to 48 up 2 points point Chrysler than a p point and General Motors a point point The Te low low- priced motor issues such as a Graham Graham- Gram Paige Packard and Reo made new highs I New highs hIgh were made maile by Southern Souter Pacific Northern Norther Pacific Chesapeake Cesa- Cesa peake and Ohio and Illinois Central American locomotive moved into new v high ground goud for the year at 32 up 2 2 8 points point Baldwin preferred pre soared up to 49 9 up l Baldwin reported for 1935 1035 net loss of ot against a a net loss of ot in 1934 1934 Douglas Dougl Aircraft reached 74 74 up 2 and new highs high were wore made by tho the Curtiss Wright Issues and United Aircraft Warner Brothers Pictures made a ew new high Western Union jumped more moro than 2 points Case Ce Ceat at 16 z up 3 wa was at a new ne high in the farm implements implement American Crystal Sugar roz rose rosa 2 to 22 a new high |