Salt Lake Telegram | 1936-04-21 | Page 21 | Favorable News Turns Stocks Market up in Last Hour

NEWS TURNS STOCK MARKET UP IN LAST HOUR SILVER SHARES MAKE ADVANCE By ELMER C. C United Press Financial Editor NEW EW YORK April 21 UP UP-A UP A Avast vast array of favorable news In Including in- in eluding optimistic optimistic- statements by business leaders turned the tho Block market up in the last hour Tuesday after a session of erratic move move- ments Bonds failed to participate In Iii th the recovery Commodities were vere mixed in a narrow range with principal grains slightly higher The Tho dollar dollar- was barely changed In terms of foreign currencies American Water Works was up in turnover on the statement of its president that re of dividends would bo bs considered when tax legislation was wu out of the way Chryslers Chrysler's president told stock stockholders stockholders holders that orders were well above 1935 which In Itself set a new rec ec- ec ord His statement together with estimates the tho corporation wilt will report re report re- re port net equal to a share forthe for forthe the first quarter sent the stock up moro more than a point and steadied other motor shared shareL Steel shares were mixed In the tho face of further gains Jones Dow estimated operations at 70 per cent up four points from a week ago The Tho U. U S. S Steel corporation was placed at 64 per cent up 2 2 points while operations of independents soared 5 points to 74 per cent cent- the tho highest for this season since linco 1030 1930 Railroad shares steadied after early early- irregularity Car loadings for forthe or orthe the week ended last Saturday are expected to show another gain over the previous week Lumber traffic was helping Northern Pacific Its president said Our business is picking up with both passenger and freight running ahead of last year M. M W. W Clement Clement- president of of- Pennsylvania Pennsylvania Penn Penn- sylvania said F. F E. E Williamson president of New York Central said his roads road's business ought to exceed a year a-year year ago Building reports continued sufficiently good to bring demand for such issues as Johns Manville arid and U. U S. S Gypsum The former The former touched up j 3 points before before- meeting moderate profit taking Silver shares turned up followIng following follow follow- ing higher prices for silver in ton Lon don The domestic price dipped today to day after a i cent Monday Gold miners followed a rise in dome domo which responded to toa a 2 extra extra- dividend divi dond f American Can Cn gained more than 3 points and similar advances were noted in such issues as American Telephone Case Columbia Gas Goodyear International n l Harvester Montgomery Ward North Amer American ican P Public Service Pure Oil Standard of New Jersey Southern Pacific U. U S. S Rubber and Truck Gains of more than each were made by Borg Warner Douglas Aircraft and Westinghouse Electric General Electric was steady steady- on on- its first quarter report showing the tho dividend exactly earned