Salt Lake Telegram | 1940-03-27 | Page 20 | Sharp Spurt in Steels Leads Stock Market Upward

Sharp Spurt in Steels Leads Stock Market Upward LIST ADVANCES 1 T04P0INTS By V1CTO EUBANK Associated Press Financial Editor. NEW-YORK. March 27 A spurt I by steels, Joined by all sections of the stock market, carried quotations quo-tations 1 to 4 points higher Wednesday Wed-nesday in a aession which ran above 1.200.000 shares the busiest Wall Street day since last fall. The $1 a common share dividend 1 voted by U. S. Steel directors TuetVi . j day set off the rally and buyers placed orders In a more optimistic J mood than the financial district has aeen since early February. AircrafU, which have been the darlings of the traders for several days past, were slow to fall In line with the most rapidly moving, but near the final gong they had scored advances approximating the best. Motors, utilities, such specialties as beverages, and the long unsung rails made equally good gains. Year'a highs were reached by Bendix, United Air Lines, Loft, White Rock, Canada Dry and Commercial Com-mercial Solvents. Other thief gainers tnc1udea"tr. S. Steel. Bethlehem, Republic, Youngstown, General Motors, Chrysler, American Telephone, Western Union, Anaconda, Air Re- 1 duction, Westlnghouse, Union Carbide, Car-bide, Allied Chemical, Santa Fe, Southern Pacific, Southern Railway, Rail-way, Great Northern preferred. United Aircraft, and Glenn Martin. Mar-tin. 1 Commodities moved slightly higher. Wheat at Chicago was unchanged un-changed to H cent a bushel lower and corn waa tt cent a bushel higher to 14 down.