Salt Lake Telegram | 1941-12-15 | Page 18 | Steel, Aircrafts, Rails, Armaments Lead Defense Shares Higher

H H I Steel Steel Aircrafts Rails Armaments Lead Defense Shar Shares s Higher OTHER LEADERS ON LOSING SID SIDE By VICTOR VICOR EU EUBANK ANI Associated Press Financial Editor NEW YORK Dec 15 Steele rails rans and Steel armament SD Ip dales carried the ball bal for the te recovery re r. re team in covery cover Mondays Monday's stock steel market and scored gains of ot feat frae to as much as 2 points tons or u 10 at the best best 1 Many leaders however sat 01 on 01 the te losers' losers bench throughout th the greater part pf of f the session Arnoni Among te these were motors rubbers an and mail man orders Closing results consequently con were about as mixed a as the te war bulletins with advances a i in 1 the majority jt Dealings were fast and slow a at aS' aS intervals and transfers fo for the full ful stretch were around te shares J Wall Wal Street was cheered by re cc rS j ports of big Russian SUCcesses against the nazis and the te te of United States contingents to to hold off oft the Japanese in the Phil l Offsetting bullishness here to a certain extent was th the J possibility of British reverses i ft Malaya and Hong Kong and somal doubt as to the te next German move Boon noon In Arms m Belief Belef the arms program would be boosted substantially aided woud number of i stocks Buying cau caution cau tion lon remained at the te same sae tim timas tm as fears persisted anent climbing taxes dislocations of business business' through spreading federal co con troIs and chances of depressing developments from it x D D i o v the te teD Ul uie x D D i o v the te teD Ul uie battle batte fronts The drying up of tax selling selig was a helpful facto Among upward share movers movers' were U. U S. S Steel Bethlehem Great Greaf Northern Norther Santa Sant Fe Southern Souther P Pi P. T Boeing United Sperry American Smelting Phelps Dodge Westinghouse Dow Chemical Chem Cheal ical Union Carbide Johns Man yule ville Vacuum Fajardo Sugar and Puerto Rico Sugar 1 j Southern Railway gave a good account of itself when the pany announced it was eliminating its bank loans by prepayment ol of in notes due February 15 and May 15 1942 1042 Steel Benefits Steels had the benefit of ai an upturn in this weeks week's mill oper although officials in this l stressed the throat threat of growing growing grow grow- ing scrap shortage f J General Motors and Chrysler dipped to new years year's lows Back Backward Backward ward also were U. U S. S Rubber Goodyear Sears Roebuck Mont Mon Montgomery gomery Ward Standard Oil of New Jersey Eastman Kodak and Md American Can At Chicago soybeans were off the days day's limit of 6 cents a bushel busSel and wheat and corn corer each un unchanged changed to down 4 of a cent centra bushel Cotton in late trades was up 40 to 90 cents a bale Hogs touched new year 15 tops Brewster Aero Gulf Oil and Sherwin Williams were supported in the curb Babcock Wilc Wilcox 5 and Lake Shore Mines inclined to retreat I j