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Show STEEL SHOVES TO HEW HIGHS- Br ELMCB & WAXZEK I'nlte Preas FlBmncUl Editor NEW YORK, Jan. IS Steel share soared to new high Thursdays Thurs-days on an otherwise Irregular and narrow moving stock market. United Statu Bteol common reached M, up 4V, and Bethlehem 81 H, up I. points, both new highs since 13L Gulf States Steel made a new high at MVt. up 2. Cains of fractions to more than a point were mad by other steel shares in active turnover. Demand was based on outlook for continuation at high rat of operations and corresponding correspond-ing Increases In earnings. A few isolated issues msde gains comparable to those in the steel section but elsewhere change war smalL Utilities turned down fractionally. frac-tionally. Can stocks mad new lows. Ralls were mixed. Oils dipped after an early rise. Gainers listed Among the wide gainers war American Brake Shoe at TL up ; Baldwin preferred MM, up 1; Bo ing 1, up J; Certain-Teed 21H, up 3; Holland Furnace 61 H. up 1; Lee Rubber It, up IVe; Lehigh Portland Port-land Cement TVi, up lie: Lone Star Cement 6444, up 1; Union Tank Car 2 up J; U. S. Rubber 64)4. up 2tt; Toungstown Sheet A Tub 21H, up 2, and Alpha Portland Cement Ce-ment t, up . , Building issues mad now highs early in the day and several of them. Including American Radiator, made new highs for a year or longer. Railroad equipments en-Joyed en-Joyed a fairly good market, with the Baldwin issues responding to Indications the company soon would be out of reorganization proceedings. proceed-ings. On the down aid were American Can at 109, off Vi, and Continental Can at am, off IS, both new lows; Case, Chesapeake A Ohio, Atchison. Consolidated Edison, Curtiss-Wright. A, Electric Power A Light, International Inter-national Hydro-Electrio, International Interna-tional Paper preferred, Kennecott, Anaconda, Mohawk Carpet, North American, Publlo Service of New Jersey, Pennsylvania railroad. Southern Paclflo and Westinghous Electric Oil Shan Bis OU shares roe in the early trading trad-ing on advances In crude and several sev-eral made new highs. They drifted down later. American Telephone was not traded until 1:0 p. m. or four hours and eight minute after the market opening. Then 100 share sold for 184, a rise of point from th previous close. Th iasu drifted down in a few subsequent transactions. transac-tions. Wall Street experts said there was considerable realising throughout through-out the market on th strength la th steel issues. There was further selling of ths Automobile issues after early flrmneas and th leaders sagged to around their previous closing levels. At one time Chrysler Chrys-ler touched 12L up 1 points. |