Salt Lake Telegram | 1937-10-08 | Page 31 | Steels Lead Recovery Sorties in Uneven Stock Mart

STEELS LEAD RECOVERY SORTIES IN UNEVEN STOCK MART AVIATION, AUTO SHARES STRONG i By VICTOJI EUBANK AaMd.Ud PrMa Financial X4IW NEW TORK. Oct. tBtea axl quMt recovery aortlaa In Friday atock an ark. t, backad ap by air-crafty air-crafty motor, aad pacialtlaa, but thn. -fretjntmtry teU before; profit aellera. The Hat adged forward afur (lightly lower opening aad, at baet, galna of fracUona to 1 or ttior. poinU predomlnaud. Advance, war later out down w canceled and there waa aaaortmnt of loser, los-er, near th fourth hour. Daallnga war .lower than la th yrc4uag aaalon. A eharp break In catton future, following th government' fnrecajrt of th largeat crop ine ItM and th Mcond greateet eta ror4 banded band-ed to rtralB Mock buying force. , to Mm extent Bead and ota-medltlM ota-medltlM generally wer. uoaven. Japan aee loan wer weak. . . Trader Cantlao Tradara, whll Inclined to look for further robound la th char Uat diaplayed a diapoaitton to aup warily pending furthar clarification sf Waahlngton'a attitud on Interna Inter-na tion.l affair, parUcularly th denunciation of Japan aa auk ag-grAor" ag-grAor" nation In th Chin eon-fUot. eon-fUot. AHhouga opinion In th brok.r-ag brok.r-ag (otor dlffrd regarding poa-i poa-i bl repercuaaion. from America' lineup with th Latagu of Nstion agalnat trAty-ferAkiaf oountriaa, doubt war voloed that Any alroatio arznam.nt. expauiaioa In this oun-try oun-try would get undir way aoon. Leal taUl wa heard ot "arar bablaa, not-wilhManding not-wilhManding aviation, ehamioal and other atock In UM military category cate-gory continued to attract follower. Btawia rvwr4 1 rvord th greater part of tho day war ahara of U. a StMl, Bth lehem. National Bteel, Crucible, Dougla Aircraft, Boeing, United Aire raft, CorutolidAtad Aircraft, Curttaa-Wrigbt A, Cbrjnlar, Oan-eral Oan-eral Motor. Jrtonaanto Cheankeal, WiatlnghouM, Allied ChemlceO, Crown Cork, Continental Can, Bear Roajbuck, U. B. Rubber, Amen can Telapnona, BU Jotwph Ltad. Orn Product, XnUrnailonal Paper t Power preferred and Amerada. Narrow to off n point or ao war American Can. Montgomery Ward, Macy. Dm re, Oliver (Tana, National Lead, J. C. Penney, MlnneapoUa-Honeywall, MlnneapoUa-Honeywall, Union Carol da, It. T. Central. South ra Railway, Pullman, Pull-man, Weetern Union and rnblto Service of New Jeraey. Rail, lacked vigor Oawplte aa upturn up-turn In kut wMk'a freight loading! to A new peak atno 1M0. Th la-ere. la-ere. over the preceding week, though,' wa lea than MAionaL Moat ooppar and tit(UUat iailaB to make th grade. - On the aid of buying foroaVa a ummary by a prominent atatic tical Mrvic diacloalng thMiintry'( leading bualnea man expect no ma-jor ma-jor contraction over th a ear futur and are myatlflad by fear p ravaging ravag-ing la financial juartrf