Show STOCKS WITHSTAND P PROFIT TAKING TO CONTINUE AD ADVANCE V VAN ANC CJ SESSION OPENS IN BUYING RUS BUS BUSBy fl By ELMER ELIER C. C WALKER I United Financial Editor NEW YORK Oct Stock 28 made another broad advance W Wet Wid with wit a slight Increase In V vo J Jume ume ume and despite profit taking l 1 lot lotIn t tIn In the session most Issues part of their gains IThe f I 1 The day started with A n rus buying orders Inspired by reports front from the nations nation's steel Tr Th A ft long list hat of dividend fr f fj creases many favorable earning reports and a high level of opera Lion In the major Industries 1 I Market observers fearing tearing the r tit would be carried on too urged caution and that Indu some traders to take profits proms St Ste c shares early favorites lost Jost gro i and some of them slipped back backet t minor net losses A few ew ot other e lead ea ers scattered through the list is ease below the tho previous close American Telephone Douglas An Mr craft North American Nash an The last two dippe when the good news of consolidate plans for the units was announce As a group the utilities display an easier tone although there wa wano wano wano no particular pressure on any ISs J Most of ot the rails were steady t firm Oils were higher and amusement Issues were strong Attention was focused on Unite States Steel Issues at the following publication of the there thir quarter report and declaration of off dividend on the preferred b the company after the dost close Tues day 1 t Steel common rose to 76 78 8 7 In th thi early trading where it was 78 8 pom higher It dipped to a net loss betM i ithe the close Steel preferred new high at up and hel hele 1 part of the gain I United States Steel reported n net income for the tho first nine months 1 1 against a deficit of ot 4 U I In the corresponding peri of 1935 Youngstown Sheet and Tu Tub had net for the nine months of 6 against a mere 1 1935 Inland had against 09 in 1935 Jones Laughlin resumed dividends on the d dafter after a year three lapse These a an another alid d dother other steel shares made good gal Jal gain s part of which were held 11 Motor shares started strong an and gained for a time only to run late Int selling near the close Packard w wa wb Jl up on an increased dividend Gen G. eral cral Motors continued to respond o oa a good earnings report 1 I |