Salt Lake Telegram | 1941-02-27 | Page 19 | Stocks Take First Tumble in Five Consecutive Sessions

Stocks Take ake First Tumble in Five Consecutive Sessions LOSSES RANGE OVER 2 POINTS By COR VICTOR EA EUBANK Press Preas Financial Etor Editor NEW YORK Feb 27 The 27 Te 2 The stock market maket stumbled stumble Thursday after five successive sessions in i which prices on average had b been n up or unchanged Losses Lse ranged rane from fractions to t 2 or more points at the te worst wort A Alte little ittle support pint came in during durIn the te final Inal hour and ad quotations at the close were above the lows in ut most cose cases cut The list gave ga ground goun at the start in I fairly active dealings The re remainder remainder re- re re remainder of the proceedings were exceptionally slow glow Transfers were around 30 shares or nearly under Wednesday day Steels were among the tint to back away apparently reflecting the Beth Beth- over revived pessimism Beh- Beh re i lehern lehEm strike and the threat of labor abor rifts in other sections seton Speculative e rit and investment in v e. e tm en t circles derived scant inspiration from rom war bulletins buletin and ad many man po- po buyers buyer were said to have cashed In Lu I on the rec recent nt run up up rn-up to await more definite defnie developments abroad On the other oter hand hand most roost business terns Items were were helpful to sentiment and heavy armament spending still sUI was seen as a a bolstering influence industries for or numerous Heartening also was the sale of ofa a stock exchange seat for up 2000 2000 2 from a transfer Wednesday Wednesday Wednes Wednes- day which equalled equale the bottom for memberships since 1898 1838 On the downside most of the day were U. U S. S Ste Steel l. l Bethlehem General Motors Motor Chrysler Crysler U. U S. S Rubber lubber Sears Sear Roebuck American Telephone Santa Fe Great North North- em ern Bath Iron Works N. N Y Shipbuilding Ship Ship- Ship building Douglas Aircraft AIrcraft Glenn Martn Martin American Smelting American Amer- Amer ican can Can Cn and Philip Morris Morrl