Salt Lake Telegram | 1937-11-06 | Page 13 | Stock List Recedes 1 to 6 Points in Light Trading

STOCK LIST RECEDES 1 TO 6 POINTS IN LIGHT TRADING STEEL SHARES LEADDECLIt'E By ELMEB C WALZES I'nlted Praam PlnaUKiial Ealrtar NEW YORK. Nov. tocks de-Saturday, de-Saturday, rounding out a week of almost continuous recession that around the lowest levels la two yeara. Bonds declined. Wheat lost more than 2 cants a bushel. Other grains eased. Cotton futures were easier. . Sugar firmed. Santos coffse futures fu-tures made record tows. Stocks started dull with prices Irregular, and then turned lower. Steels led the decline. Ralls Were easier.- Selling spread ta all departments. de-partments. Highest priced Issues had widest losses. Several issues made new Iowa for the year ar longer. Considerable short silling waa noted In soma leading Issues, particularly par-ticularly steels. With steel opera- . tioni declining, especially la sections sec-tions which produce heavy steal, traders were loath to retain hold- -Inn In the shares. United States SteeTtoucheoT t5 and then declined to UVi, where it was down 1. Bethlehem Steel feU from - ta 4 Si, the latter down IVi. National Steal lost mora than 2 points and Youngs town Sheet and Tubs more than a point Cnrysies sola aown ia aa-aj, sjii 2, and General Motors lost mora than a point Elsctrte Auto Lite eased mora than a point United States Rubber, with a a-point loss, led rubber s hares lower. Allied Chemical sank ta 1524, off 6; Union Carbide, T2. off 4; American Amer-ican Smelting, 47, off 2; Atchison. Atchi-son. MVt, off 2Vs: Du Pont, 1154, off 2; Loom's. M. off 2i, and WeeUnghousa Electric. M, alt 2 V. New lows for the year wars made by Air Reduction, Dears Co. and Kmneeott The Industrial stock average far the week came near tha two-year low made on October 23. Several highly favorable corporation corpo-ration reports were mads, however, and dividend declarations were au-merous. au-merous. . Gold was a feature la tha tnar-ksts. tnar-ksts. Coppers were depressed aa the break in prices, but showed rallying signs. , The market week waa shortened by tha election day holiday an Tuesday. Next week the markets will close for ths Armistice day holiday on Thursday.