Salt Lake Telegram | 1936-07-06 | Page 17 | Early Trading Gains Are Lost

EARLY EARLY TRADING GAINS ARE LOST By ELMER O O. WALTER WAB 7 1 r. r United PC Press Financial Editor NEW NE YORK July Stocks Stock Stocks turned irregularly J lower wc MOt Monday y i while 1 the grains gains soared prescribed limits of fluctuation and ad closed on the highs of the day Bonds featured by gains gain in i rails rail and i 1 ties tes The To dollar dolar was wa steady In te terms terms' 8 of foreign exchange exchange 1 I j Stocks started fairly well wel with with with-in- In Increased creased volume after efter te the holiday j I shutdown soon softened They tinder tin tin- u- u 1 der the lead led of ot steel issues Ste Steel l I operations for this th week were wera a sched sched- ed 1 wed tiled at 62 per er er cent of of capacity a decline of ot 68 08 points from the pre pre- pre previous t week week The drop however was wa less than tan seasonal seaonaL A year ago wa to the rate rat was per cen cent Motors S Slip p Bak Back Baek Motor shares had a good start Chrysler touched Its it best lev level l zInc since J 1929 at up h. point point It later lter de de- de 4 2 from the te top Other motor shares followed It down don Rubber futures made de m new highs for I six si years Motor equipment issues i were wore quiet and mixed Farm Far shares followed Ce Case Case- down do I The Te latter lter at Its It low Jow was w off of more than tan 4 point points Mall Mail Mi order Issues I were steadier I Railroad Issues were irregularly 1 lower Jower Atchison Northern Pacific I and ad Great Northern lost Jost more than thana tn a a point each Featuring Featuring- on the te upside up up side were Chesapeake Ohio and Chesapeake corporation which made new highs high er for the te year y-a. y Mercantile issues issues' were ere strong strong Gimbel and Interstate Department Stores made mado a new high for tor the te year yer Substantial advances we were noted in Macy and several others others others-of of the te group Silver She Shares Off Of Louisiana LuIsiana Oil on preferred jumped i 4 points point and ad held most of ot the te gain The Te main oil 01 list fluctuated narrowly narrowly narrow narrow- ly in light trading however Silver shares were lower with Wit United States States Smelting Smelting at a new low loat at 79 19 off of 2 points while its it preferred list lista a point to 72 on a single transaction American Smelting lost more t than thana a point point Gold Dust and ad American Bank BankNote BankNote Note made new lows for the year Western Union lost more than a point in its section Losses in the steels range to more than 2 points In Youngstown Sheet Tub and Bethlehem There were several exceptions to the decline Wesson Oil and Snowdrift Snowdrift Snow Snow- drift gained more than 2 points Union Carbide was up a point and so was Monsanto Chemical Du DuPont DuPont Pont touched 8 3 up 2 8 3 and then sagged from the high