Salt Lake Telegram | 1939-02-16 | Page 17 | Steels and Aircrafts Ride Crest of Stock Mart Rally

STEELS AND AIRCRAFTS RIDE CREST OF STOCK MART RALLY GAINS EXTEND ; TOTIVOJOIIITS By VICTOB EUBANK I Aaaacaate Freee Fmaarial EeUtof NEW YORK, Fab. 11 The stock market tuned la aa a raBylng wave . Thursday with eteela and airorafta j providing tbe feature parformanoa. Gains ran to I points ar sa at tbe beat although top marks were -; chipped dawa a trifle la most aaaas 4 at the claaa by profit taking. .' Dealings, fairly Braty la the for- -nooa, shrunk appreciably after aiM- . day. Tranafara approximating euu,-000 euu,-000 aharea, however, were almost double the turnover of Wedneeday. Domestic business news, brskera aid, apparently was efficiently cheering to Inaplra many commission commis-sion bouse customers to gat back an the buying aide. At the same time, a number af traders continued ta cling to ae-tral ae-tral territory because ef apprehension appre-hension ever a possible freak far-alga far-alga crkue which could be teach ad off following a Bpaniah peace. OeM Itow Watched Wall Street, though, watched the unbroken flow ef gold from overseas over-seas to America with the theesght thoae funds would be used to purchase pur-chase armament materieai seoner ar later and thus bolster earnings of the country's important eorpe-ratlona. eorpe-ratlona. Following the rising a hare tread u. uliul h-m Millltbaa. mail erSars. rails aad apacialtioa. Motors draw a following aa reports re-ports that, despite lnoreailng aate-metlve aate-metlve eirput, aow can la the hands of dealers were considerably ander this Uaas ta XaM. Prominant stocks la the extension of Wednesday's upturn were United States Steel, Bethleaanv Teunga-towa, Teunga-towa, Douglas Aircraft, Boeing, Glenn Martin. Sparry, United Air-craft, Air-craft, O ne ral Motors, Cbryaler, U. S. Rubber, Montgomery Ward. American Telephone, Norta Arnar- . lean. Da Pent, J. C Penney, Santa fa aad Pennsylvania. , . Btaplea Leaa sTarward . laduatrkal staples developed forward for-ward aaaninga. Oreine ware mixed. Wheat at Cbloago was lui changed ta off H ef a cant a bushel, and 00 ra p to -eent. Cettea, la the svrurTioon, was up 15 a bale ta down cents. Secondary rail leaaiis, along with governments, tiked higher high-er la the bond department European saewltiaa snarkees improved. im-proved. Starring and the Trench frana were narrow ta late trana- actions, ths former at HM T-lg and the latter at . Y- eaata. In the curb nodaet unprewetrient was registered for IHectrie Bond and Share, Lockheed, Amartoaa Gas snd Pantepeo Oil. - Aiding steals was ths flrmneea of steal scrap aad tbe growiag belief be-lief armament, oonstrwotion, railroad rail-road and miscerianeoue desaaad for thia metal was due ta steady expansion ex-pansion aver coming months. Caagreea AcUsa AVda Buoying the aviations were aot only the latest French orders for warplaaaa, but the e.utck ajutage by the house Wednesday af tbe administration's defease aaiBersro inTorrtrvg (374000,000 for mllitAry building, including hnmadlata can structioa of 1033 fighting plane for the army air corps. Adding te the brighter 4stleok for recovery forces were auras residential resi-dential construction as ganged by mortgage laeuraace applications piling ap la offices of the federal housing avimlnlatratloa Is moving rapidly toward the high level which prevailed last summer. ' ' Coppers were rather Indifferent as ths export price ef this staple lagged around the 10-oat-t-aeund rata, oorrapsred with the current 11-cent domeetlc price.