| Show Industrial Leaders Point Way to Selective Recovery S in Sh Share r 1 SEVERAL ISSUES I RESUME CLIMB I By VICTOR VICOR EU EUBANK ANI Associated ed Press Iress Financial Editor NEW YORK May 7 IndusI Industrial Industrial Indus Indus- I trial stalwarts Thursday led the I stock market on a selective re resumption resumption re- re of the recovery swing re-I re Forward leanings were exhibited at the start with dealings picking picking picking pick pick- ing up on the come There was vas some let-down let after midday and extreme gains running to a point or more for favorites were reduced in many cases in the final hour Bidding was sufficient to lift lif volume to around shares largest in more than a week Moti-cs Moti cs Vary Yary Reasons for the stiffening of trends varied in commission houses The opinion persisted that the list still was in m an oversold condition In addition additon the relative stability of the market on the news of the fall fal of Corregidor plus Thursdays Thursday's reports of British successes successes suc sue at Madagascar tended to hearten bullish contingents A constructive constructive con con- element also was seen in the likelihood that individual companies would be less vulnerable vulnerable able under present tax prospects There was a smattering of new years year's highs recorded including Chrysler Postal Telegraph preferred preferred preferred pre pre- and Colgate Colgate Up In Front FrontIn In front most of the time or another another another an an- other were Bethlehem General Motors U. U S. S Rubber preferred J. J I. I Case International Harvester Harvester Harvester Harves Harves- ter Boeing Montgomery Ward American Smelting International Telephone Westinghouse General Electric Standard Oil of New Jersey Texas company DuPont i Union Carbide Eastman Kodak Johns Manville J. J C. C Penney and Loews Rails Rais and utilities shuffled over a narrow course although most were a shade improved Among laggards were American Telephone Great Northern Dow Chemical and Owens Owens Cur- Cur Wright Wright edged into new low lowground lowground lowground ground for 1942 In a slim curb buying was observed observed observed ob ob- ob- ob served in Aluminum of America Ameria Electric Bond and Share Humble Oil Oi and Singer Manufacturing Occasional Occasional Occasional Oc Oc- Oc- Oc losses were registered for American Gas Brewster Aero Hartford Electric and United Wall Wal Paper II |
