Salt Lake Telegram | 1941-11-24 | Page 17 | Fast Early Recovery Strides Fail to Hold in Stock Market

Fast Early Recovery Strides Fail to Hold in Stock Market j SOME LEADERS KEEP ADVANCES B By VICTOR R EUBANK Press Financial Editor NEW YORK Nov 2 24 The 24 T. Th stock tock market took some fast tat recovery recovery re- re ra covery cover strides es at the te start of Mondays Monday's Mondays Monday's Mondays Mon Mon- days day's days session as a sentiment apparently enty was buoyed by a little beter better better bet- bet ter er labor outlook but the te sprint failed ailed to hold in many may cases Gains ran to a point or so for favorites i in the te forenoon These Tese were substantially reduced or canceled canceled can- can after midday nd closing trends rends were a shade mixed DealIngs Dealings Deal- Deal ings slowed as prices faltered al although although al- al though tough the te early bulge helped lift volume to around shares Reopening of ot the te struck coal coalmines coalmines coalmines mines and hopes for a a quick railway rail rail- rl- rl way wage settlement spurred demand demand de de- de- de mand for a while Selling cropped up p when it was learned leared carrier carrier- carier management and union representatives again had faie failed to reach an a agreement and brotherhood chieftains intimated the te govern govern- gover- gover might might be asked to take over the te roads rods for the te duration Var Influence Varied Outstanding bullish inspiration was lacking in war news BritIsh Brit Brit- Brt- Brt ish sh successes in Africa seemingly were offset by reports of fresh nazi drives in Russia Rusia with Mos- Mos Moscow Moscow na wt cow ow threatened The Te Japanese stalemate remained as a han handicap cp and nd other oter international development developments developments develop develop- ments ment were without much lon tion ton marketwise Tax Ta offerings persisted to a lesser degree and ad many nany potential buyers inclined to to hold aloof pending clarification of ofte the te price control bill bi Steels stepped up In the te mornIng morn morn- mor- mor ing ng They eventually backed away from rom the top A drop of 11 points point in Ill n this weeks week's estimated mill PU oper- oper operations was wa in line lne with wit forecasts Rails Rais in Iii front for a while gave up most of ot their advances letter Better Performers Better Beter share performers included ed d Bethlehem Betlehem Steel Standard Oil Oi of ot New Jersey Sears Roebuck United Aircraft Savage Arms Ams American Smelting Dow Chemical Chemi Chemi- cal al Eastman Kodak Eastman U U. S. S Gypsum Gyp- Gyp urn sum sum Southern Souter railway Southern Pacific Du Pont General Electric J. J I. I Case and ad Union Carbide Retreating occasionally were U.S. U.S. U.S. U. U S. S Steel Youngstown Sheet Sheet Woolworth Woolworth Wool- Wool worth Union Pacific Ches Chesapeake peake Ohio American Telephone Public Public Pub Pub- lic lc Service of ot New Jersey Sun Sun Oil Oi American America Can General Motors and ad American Tobacco B. B Attracting bids In i the te curb were Glen Gen Alden Coal Humble Oil Oi Quaker Oats and ad Pittsburgh Plate Glass Gass