Show Buying of Rails Industrials Brings Stock Market Support TRADING SHOWS SHOWS' GAIN AT CLOSE By VICTOR EUBANK Associated Press Financial Etor Editor NEW YORK April Apri 17 Buying 17 Buying of rails rais and scattered industrials brought mild mId support to the stock i market Thursday after an early tumble in steels had unsettled the list While dealings were sluggish even when quotations were weakest weakest weak weak- est initial declines of fractions to more than a point were reduced In Jn some cases and an assortment of or modest moest plus signs was in evidence around mid Steels and motors motor again lost ground In the final hour with scattered issues issue closing cosing at or near the days day's bottom Transfers for the full ful proceedings approximated shares Ability of the market to maintain main main- tain tam its is equilibrium fairly well wel In jn face of what most in Wall Wal Street termed a bad news budget served sere to inspire bidding brokers said on on the theory a lot of pessimistic developments developments de de- de I may have been at least partially discounted Clouding sentiment it I was suggested suggested suggested sug sug- were the somewhat gloomy war dispatches e especially the Unprecedented unprecedented unprecedented un un- bombing of London the governmental step in freezing steel prices and the agreement of or orthe the treasury and congressional leaders to raise an additional in revenue through new taxes Among better acting stocks were Santa Fe Pennsylvania Great Northern American Telephone Sears Roebuck American Smelting and Johns Johns Chrysler touched a new low for forthe forthe forthe the year In arrears were U. U S. S Steel Bethlehem General Motors rotors American Can United Aircraft Allied Allied Al Al- lied led Chemical and Westinghouse In a narrow curb occasional improvement improvement improvement im im- im- im provement was registered for Humble Humble Humble Hum Hum- ble Oil Oi Creole Petroleum Penn- Penn road and Pantepec Pullman on the big board was off 2 points on an Intal trade of shares apparently reflecting re reflecting re- re re refusal of the company to accept offers of certain holders to sell their shares under the concerns concern's concerns concern's concerns concern's con con- cerns cern's March 26 rail call ral for tenders tender |