Salt Lake Telegram | 1951-02-01 | Page 24 | Railroads Rally Market from Few Cents to $2

I Railroads Raly Rally Market Ma From Few C 2 I 1 OPi A UPI A NEWT NEW YORK YORK Feb I rally raly led by the railroads pulled the stock market higher Thurs Thurs- I da day Gains generally ran from a few cents to around 2 a share with some individual issues pushing far b beyond that point Nickel Plate sparked the advance advance ad ad- v vance ance with wih a Jump of 15 15 to a share Directors of the road voted to toay topa p pa pay ay off the 45 in arrears in d ends on the G 6 preferred stock I The preferred advanced t to o I Trading was slow most of tho the s session and expanded late in the I I Iday day to an estimated 2000 shares Wednesdays Wednesday's total tota 3 1000 shares I I Earlier in the day the Earler rail raU see sec lion tion lon was depressed as the sick si switchmen's strike spread through the railroad systems and ham hampered perd production in tn a long Hat Oj of industries IThe i iThe The radio television radio television group J an early eary leader on the upside wili gains running beyond 52 2 a share at times 1 Also showing strength were the farm implements and some o ot of I the merchandising issues arid and ad ar j lines Issues Post lost Gains I I There were a number of oC out standing gains among amont individual issues because of corporate dee deve- Is I American Can neared eared a 1 j g gIt ba baI It I reported earnings of or 1263 a ashare a share last year as against 1002 for the previous year At the sam same i time the company announced it is its I development of a tin tn ca can cn cna a product calculated to relieve th the current tin shortage among civil civi ians I l American Zinc chalked up a again 2 gain on a report of 1950 earnings earning coming to a share as against a A share earned the previous y year Plymouth Oil on jumped D 91 1 on announcement ani an of a proposal for a stock dividend if conditions warrant warrant 1 I