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Show STEEL EARNINGS AND STRIKE PEACE HOPE BOOST STOCKS ' . . RAGGED START MARKS SESSION By FXMER C. WALZEB United Press Financial Editor NEW YORK, Jan. 2-High steel company earnings and hopes of early settlement of the General Motor strike helped the stock markst in an advance lata Friday, after early Irregularity. Trading picked up on buying spurt In the .fourth hour. The list quieted before the close, but leading lead-ing Issues held gains ranging to mora than two points. New highs sine 1931 were mad by U. & Steel at MH. op S 7-, and Bethlehem Steel at S1V4, up T-. These two units In 1M had their best net Income sine 1930. Beth lehem, reporting last night, announced an-nounced present rata of operations at 83 per cent, the best sine 192. Other steel alio war higher. Earlier In tha session they had encountered en-countered some profit-taking after a firm opening. Ante SaDy Automobile shares mad spirited rallies. General Motors touched 86 and then rose to 68 S-8, where It was up 3 points net Chrysler readied 123 3-8, up 3 7-3 from th previous close. Railroad shares firmed on better earning. Electrlo equipments and cement stocks were up on outlook for orders from the flood arse when rehabilitation starts. Mercantile Issues Is-sues mad small gains. Oils eon tinued to meet fairly good demand. Utilities were practically unchanged. Numerous special lasuea mad gains ranging to two points or more. Rail equipments were better. - Beet advances war la Allied Chemical at 233, up i; American Ameri-can Locomotive, 8044, up 14, and a new high; Atlantic Coast Line, 47 1-8, up 3 6-8; Baldwin preferred, pre-ferred, up 3tt, and a new high; Bush Terminal debentures at 877, up 24, and the preferred, 41, up 4, both new highs; du Pont, 173, up 3; Gillette, 194, up 1, and a new high; International Hydroelectric. Hydroelec-tric. 18 7-8, up 2; International Silver, Sil-ver, 39H, up 3; Lehigh Portland Cement, 43 7-8, up 1 7-3; Loser's. 73 1-8, up 1 7-8; Lone Star Cement, 8St4, up 14; and Westlnghousa Electric 15t4, up 14. OuUook fa Darker American Can mad a new low at 108, off 14 points. It earn back from tha low. The stock has been weak on outlook for smaller pack by leading canners thl year. Transactions In U. & Steel led tha market' Republic was a close competitor com-petitor with International Hydro-electria Hydro-electria for second place. Nash-Kslvtnator Nash-Kslvtnator wa a the active Issue In tha motors, with a small gain. Paramount Para-mount at small loss was heavily dealt In the amusements. Booony-r Vacuum at the previous close featured fea-tured In turnover In the ails. American Amer-ican Radiator, Allegheny corporation corpora-tion and Penn Dixie Cement also were active. |