Salt Lake Telegram | 1938-09-20 | Page 18 | Stocks Push Recovery Drive into Higher Territory

j STOCKS PUSH RECOVERY DRIVE INTO HIGHER TE TORI 1 TO 4 POINTS DA DABy 1 By VICTOR E EUBANK 1 J Associated Press Financial Financil Edito NEW YORK Sept 20 2 OB Sab in Europe i 1 rattling rating sounded le menacing to Wall Wal Street and the stock market took courto courto cour coura courato to extend its it recovery more Gains of 1 to around 4 poin points were posted throughout the te list listin in lively forenoon buying spurts particularly at the opening The Tle forward march halted after mid midday midday day for a time but was resumed d again toward the finish fish Markets generally emerged far ther from the wraps of war t f tC fears ii C Cotton was wa up around Jl 1 a. a bal balone balone one time and bonds bond nc U. U UJ Us treasury issues rallied nimbly wi i E stocks stock Wall Wal Street got its it buying tee before starting dealings broad brod swing upward in Europea markets market including London P Pam i and Amsterdam and from a foreign currencies in terms terI rint dollar dolar Evidence the European rus' rus to get gold and dollars dols in a a of capital had diminished also al w seen in a sharp fall fal in the Londo Londo I price of gold I a V 1 The 1 financial i n an cia 1 community seemed to have accepted the French British French plan pl for parit partition ii n t of 01 Czechoslovakia aka as an assurance assura against scale large large scle war var in th t l near future I Despite reports of more border borden clashes along the vi frontier and doubt whether the Czechs Czech would woud accept the te berment proposals proposal the prolong t strain of watching the th nazi Czech nazi I 1 crisis appeared to h have eased iI around f Up 2 to around 4 at one time in late dealings were Youngstown Sheet Tube Morris Manville Johns Continental tal Can Simmons American phone U. U S. S Rubber preferred Uj S. S Rubber Penney Texas corpo tion Eastman Kodak Sears Roebuck Roe Rita buck Chrysler and U. U S. S Steel Steell Also prominent in the recover recovery were ere Bethlehem General Motors General Electric Santa Fe Southern Pacific and International al NickeL I IOn On the curb gains ran to aroun around 4 near the finish m in Humble 0 Oil Aluminum of America America Cyanamid B Lake Shore Mic Ike Mining j J Still countering stocks in rea tion to war considerations wb yielded more of its recent gai rn ga-rn finishing 14 to 1 cent a bushel donin dow don dowin in the Chicago pit Corn was off 1 to 1 4 11 cents V I At the pound was vas 8 7 up cents The French franc was 00 oo 54 80 6 a aa a cent higher at i 2704 cents Transactions increased by buying around the opening mated shares I The further upturn centering 1 1 steels motors chemicals build buildt supply and other industrial group took many shares back over a thu to a half of the ground lost on recent war frightened waves I a