Salt Lake Telegram | 1941-08-19 | Page 21 | Many Stock Leaders Unable to Repeat Slow-Going Recovery

Many Stock Leaders Unable to Repeat Slow Going Recovery STRENGTH HELD 1 IN SOME SPOTS By VICTOR EUBANK i Associated Press Pres Financial Editor NW NEW YORK Aug 19 Scat IS-Scat- Scat Scat- ered spots spot of strength persisted i in Tuesdays Tuesday's stok stock market market but many leaders were were unable to t re repeat re repeat peat on Mondays Monday's Mondays slow-going slow re- re re lovery covery The foreign news new specifically Moscow's admission the te German Geran thrust was gaining momentum served sered to chill cl some sonic potential buyers buyer The Te widening rift between the te United Unite States and ad Japan t tended tend ded d- d ed to shift some bullish bull forces fores to tote the conservative ranks te ta Mondays Monday's Mondays comeback attributed mostly to t technical factors factor was wa a abit abit a bit too t timid for the te liking of the te statisticians who thought the te lengthy stalemate that tt began bega on oa July 29 should have been bee broken broke with wt more vigor Dealings Dealings were about abut on a a par with wit the te proceedings of the te previous pr pro pre session transfers approximating mating shares An All A attempt to keep the list lit on o the he te upgrade met with wt opposition shortly shorty after the opening anti and ad ragged trends tend were the rule from then on A few gains gai and ad losses losse of a point or so were seen see at the te close but variations generally were in fractions Among stocks stok Loews Loew's Les and Paramount Para Pu- Pu mount established new 1941 tops seasonal expectations ex cx- apparently reflecting e of a pick up in i theater teater box office receipts receipt Cerro Cerra de Pasco was an exception ton tion in the copper opper division getting getting get get- ting up more than tha a a point Support Support Sup Sup- Sup port was accorded General Motors Motors Mo Mo- Ma tors tor Chrysler Boeing Boing Philip Phlp Morris Mor Mor- Morris Morris ris Great Northern Norther and Consolidated Consol Consol- Consoli dated Edison Continental Motors Motor again agai was a lively performer block of shares starting on a blok sars unchanged ed at 4 4 Standard Oil il- il Ohio Gho was wa down dow more than 2 at the te worst worst Backward Backward Backward Back Back- ward were U. U S. S Steel Bethlehem U. U S. S Rubber Westinghouse Santa Santa San San- Sa- Sa Sata ta Fe Anaconda Glenn Glen Martin Mar and American Smelting Resistant in the curb were Brewster Brewster Brewster Brew- Brew ster Aero American Cyanamid B and Sherwin Williams Shern Laggards Laggard included Glen Gen Alden Aden Coal and American Gas