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Show STOCK MARKET ADVANCES 1 TO 3 POINTS IN ACTIVE DAY STEEL SHARES MEETDEMAND Ry KI.MER C WALZER I'nitrd Praw Flnsaeial Editor NEW YORK. Dk. 3 Th. tock day. with a few ptriodi of activ trudin. Bond. Uo movMl hifh.r and jommnrtitJH wer itrty. Reaaoni (or a chang. in mark jcntim.nt included a JubKantiai ria. in automobile production and improvement in trad.. Biggest reason for th. upturn, however, expert, amid, wa. th. market'! improved technical position. posi-tion. Expert, held that the market had been Mid out and that only moderate demand wu required to raise prices. Consequently, thin market developed de-veloped on the up sid. for many Imum. Wheeling Steel preferred shot up IS points on a single transaction. trans-action. Eastman Kodak gained I; Owene-Illinois Class, fit. and Columbian Co-lumbian Carbon, 6, Inland Steel, New York Air Brak. United Fruit, Coca-Cola and U. S. Smelting gained 4 points or mors each. Mom. Short Covering Ther. was som. short covering. At Interval this demand was so heavy that th. tap. fell behind. Trading lightened after each spurt. Railroad issues were moderately higher. Meantime, trader, paid store attention to railroad equipments equip-ments expected to benefit materially on any boost In th. freight fate. New York Air Brak. had a point gain. Lima Locomotive gained 2 points and American Locomotive was up mor. than a point. Among carriers, Union Pacific rose I points. Som. traders looked for raversal in th. downward trend of .team operations. Considerable demand was noted for steel a hares. Gains ranged to 1 points in National Steel U. a Steel touched MK, up Make Meager Beepene. Automobile shares mad meager response to improvement in production. produc-tion. Automobile equipment Improved Im-proved moderately. Aviation .hares were fraction to mor. than a point higher. Chemical were strong. Electrical equipments continued in demand, with Waetlnghou. up mor than 4 point at It high of 10H. Farm shares ros. a point or so. Copper improved fractions to a point. Rubber Rub-ber strengthened. U. 8. Smelting led silvers on an lacreaaed dividend. Loew'i gained 2 point. Sear wa up nearly X point In mall order haras. |