Salt Lake Telegram | 1942-05-06 | Page 19 | Stocks Suffer Let-down after Several Days of Consistent Recovery

Stocks Suffer Let-Down Let After Several Days of Consistent Recovery DECLINES HOLD TO MODERATION By VICTOR EUBA EUBANK K Associated Press Financial Editor NEW YORK May 6 The 6 The stock market Wednesday experienced a letdown after a fairly consistent run un of recoveries since the latter part of April Prices were inclined to slip sUp from the he start but excepting a a. few blue lue chips down a point or more the he losses were moderate Shares of the air transport companies and anda a handful of specialties contested the he major trend in the final hour and posted gains Although the days day's war news and some of the Washington dispatches dispatches dis- dis patches latches engendered pessimism InWall in inWall inWall Wall street boardrooms actual selling was at a a. low ebb the markets market's markets market's markets market's mar mar- ket's chief ha handicap being feebleness feebleness feebleness feeble feeble- ness of support in the key issues Dealings were around shares On the offside most of the time were U. U S. S Steel General Motors Air Reduction American Telephone Telephone Telephone Tele Tele- phone Westinghouse American Can ban Union Union- Carbide Man Johns-Man- ville yule Santa Fe Southern Pacific Great Northern and Sears Roebuck Roe Roe- buck Allied Chemical and Eastman Eastman Eastman East East- man Kodak were down two or more at the worst Quoted a bit higher in an Uneven uneven uneven un un- even curb were New Jersey Zinc Penn-Central Penn Airlines United Wall Paper and Humble Oil American Cyanamid Gulf Oil and Fairchild Engine receded Speculative caution became more pronounced as market followers followers followers fol fol- fol- fol lowers pondered such events as as' as the fall of Corregidor further Japanese successes in Burma and China and predicted repercussions from the British invasion of Mada Mada- gascar