Salt Lake Telegram | 1941-03-15 | Page 13 | Strength in Specialties Hold Stock Market Prices Higher

Strength in Specialties Hold Stock Market Prices Higher STEELS SHOW MODEST GAINS I By VICTOR EUBANK Associated Press Financial Editor NEW YORK March 15 Further 15 Further strength In specialties kept the stock market generally edging upward up ward In Saturdays Saturday's brief session Steels did fairly well but most never got far out In front and gains i of modest fractions for leaders was the rule at the close Favorites 1 elsewhere however managed to step up a point or so The list got off to a slow but steady start Top marks were j registered near the final hour and arid fairly well maintained in most cases to the finish Dealings picked up at intervals with the result that the turnover of around shares was one of the best for a Saturday in several weeks J Brok Brokers rs thought the better ac t. t tion of the market was due mainly r i r to the fact more attention was waE 4 given to the earnings possibilities of companies that stand to benefit ti from the multi billion defense r spending program I Continued climbing inclinations inclinations' t exhibited by major commodities remained as a bullish argument for f stocks On the other hand fears of tf mounting taxes persisted as a speculative speculative spec spec- cloud f r Among stocks new highs for th the year were posted for Climax Mo- Mo Molybdenum Continental Baking A fi Newport News Shipbuilding and Wesson Oil On the upside most of the time time v were Universal Pictures preferred General Steel Castings preferred Standard Gas Electric preferred U. U S. S Steel Bethlehem Yellow Truck preferred Western Union U. U S. S Rubber Sears Roebuck Santa SantaFe Fe common and preferred Revere I Copper Philip Morris Du Pont Pon Douglas Aircraft N. N Y Shipbuilding ing and Bath Iron Works I. I 1 In the curb modest advances were posted for Aviation Transportation Trans Trans- N. N J. J Zinc Humble Oil Pittsburgh Plate Glass Pantepec Sherwin Williams and American Gas 0