| Show TOCKS BOOM THEN SAG FOR LOSSES ON TAKING PROFIT PROFIT WAVE HEAVY VOLUME MARKS TRADING By W AV United Press Pres Financial Editor NEW NE YORK June Jue 12 1 UP UP-Tho UP The U-The The stock market staged a bit of ot demonstration dem dem- em- em for lor Governor Landon in fri tho the first hour hou of trading tadIng Frid Friday when deals deal were the te heaviest since May 14 l and ad prices prIes the te best since Ap April i 18 Thereafter taking profit set in and the market slipped sUpped back ba in nearly all al sections Just before the te close most moat Issues Ise registered declines ranging to more than a point point Case dropped nearly 3 points point from the te previous close and was 5 poi points t under its high for the te day day day-a day day-a a new ne top for for- forthe the year Railroad Ri- Ri Rail RaU- road issues were depressed frac frac fractions fractions frac tons to more than tan a point pol t in Southern Sutern South South- Sut- Sut ern era Pacific Utilities made new new- highs on the movement and then eased although their losses a were smaller groups than most of ot the te other ether ater Motors Motor Ease E Off Automobile issues except Auburn recorded small smal losses and the te motor equipments equipment buoyant Thursday also alo eased Auburn at one time was wa up more than lan a point point m more ie ta than half haf o of which was wa retained Return of ot E. E L. L Cord L.-Cord Cord to active management of of the company was considered favorable favorable favorable favor favor- able the for stock stock Steel Isu issues s which were leaders leder along with wit tho the motors in the te previous previous previous pre pre- session were depressed fractions frac frac- tons tons to more than a point point n In the morning rise they advanced with wih Youngstown Sheet Tube equaling its it high for the te year Several issues made new tops early in the day only to decline decle to tonet tonet tonet net losses later These include International Harvester ery cry Ward Yard J. J C. C C Penney Union Carbide Carbide Car Car- Cr bide and Case Ce Engineers Public Service 55 preferred stock the 80 8 up gain gain 5 and a new high and ad hek hel 1 t Oil Oi Shares Se Decline Decie Oil 01 shares share were down with wit Standard Standard Stand Stand- ard of ot Ne New Jersey losing ne nearly a point Americans American Telephone reacted after a small smal advance So did Western Western West West- em ern Union Silv Siver and nd iid copper is issues issues is- is sues were down cown slightly Air Reduction lion tion ton made madea a in its it division dimion at 6 1 up 1 and ad held most of of the rise while Du Pont declined nearly a point and Monsanto Mont Chemical Chemical Chem Chem- ical netted a a small smal gain gin Gimbel Gibe made a new high l in the store shares and maintained a portion of its it i advance Radio corporation featured In I ac activity activity ac- ac with Columbia Gas second and ad Budd Manufacturing third tid Dealings were relatively active in General Generl Motors Motor United corporation and ad Co Consolidated Edison on |
