Salt Lake Telegram | 1948-09-03 | Page 32 | N. Y. Market Hit by Decline

N. N Y Market Markel Hit by Decline NEW V YORK Sept Sopt 3 P The IP-The The l-The The stock market sl slowly worked Its Us way into lower price ground Fi- Fi Fri Fr- day Declines were mostly fractional few topping a point A good handful handful handful hand hand- ful edged into the plus column Trading Tading started off briskly but soon slowed Turnover el for the day was at the rate of ot about shares after reaching around each In two preceding sessions Packing Packing house stocks were among among the weakest followIng following follow follow- ing omission of a a common stock dividend by Armour Co Armour Armour Armour Ar Ar- mour and Cudahy each sold at 1918 lows and Wilson Vison was marked down Also Alo lower were U. U S 5 S. S Steel General Motors Chrysler Deere Anaconda Copper Westinghouse Electric Du Pont Manville Johns Johns Manvle Philip Morris American Woolen Santa Fe Fc Southern Pacific MIsSion Mission Mis MIs- Mi- Mi sion Corp and United Air Lines Higher were U. U S. S Rubber Caterpillar Caterpillar Cat Cat- Tractor Douglas Aircraft Texas Pacific Land Trust Western Vestern Union American Can Union Pacific Pacific Pa Pa- Standard Oil Oi N. N J. J and Loews