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Show STOCKS RALLY AS BUYERS DISCOUNT PEACE IVIOVES PROFIT TAKluG REDUCES GAIIIS : Br Vicroa etjbank AssseUtsJ Praas riaaaaaciml Editor NEW TORK, Oct 10 Tha stock market moved Into rallying territory terri-tory Tuesday and, with steels la front, leaders posted gains of 1 to 8 points at the best. Lata profit taking, tak-ing, however, substantially reduced re-duced or canceled extreme advances. ad-vances. Wall Street, while still puzzled over the European war jumble, apparently refused to be muzzled to any great extent by peace talk and buyers came In at the opening with bids for favorites that would be benefited ct the cry era as eon-flirt eon-flirt were long drawn out. Trends ebbed and flowed throughout the proceedings and the ticker tape occasionally slowed to crawl as traders attempted ta guess the next shift ot transatlantic transatlan-tic eventa. Transfers, aided by brief but fast Intervals In the first and last hours, approximated 900,000 shares. Paavee Diaeeunt4l Those speculative con tin tents that hava been betting against any . near-by armistice were encouraged first by Hitler's forenoon speech at Berlin, In which he declared Germany would fight to the bitter end If her adversaries refused to accept the relch's peace proposals. In the final hour further war fuel was provided In a battling address ad-dress of French Premier Daladier to the republic In which he characterized char-acterized the fuehrer's peace offer aa one ot "rues and vlolenos" and promised the allies would persist until "real peace" was guaranteed. guaran-teed. Many commission house custom ers at the same time kept to neutral neu-tral ground pending clarification of the Russian moves In the Baltio and the possibility that the various ' speeches Chamberlain's was postponed post-poned until Thursday might sub ssquently be overshadowed by diplomatic dip-lomatic negotiations ot tha contesting contest-ing powers. Lsaatati la Upswing Prominent stocks on the upswing were U. S. Steel, Bethlehem, Douglas Doug-las Aircraft, U. S. Rubber, West-inghouse, West-inghouse, Du Pont Allied Chemical, Santa re, Great Northern, N. Y. Central, Anaconda. American Smelting; Glenn Martin, Eastern Airlines, Lee Tire, J. I. Case, Western Union and Safeway Stores. Most utilities struggled Ineffectually Ineffec-tually to Join the advance, aa did the oils and mail orders. Motors did fairly well for a while, but eventually settled down to slim. . groove. Bonds were mixed, but eommod. Itlcs rose with stocks. Wheat at Chicago waa up 1 to 2 S-g centa a bushel and corn gained t to 144. Cotton in late transactions waa 30 to 65 cents bale higher. Stepping up In the curb were Aluminum of America, Cuneo Press, Lockheed and Jones A Laughlin. Doroestle Trade Aids Domestic business developments again were seen as an Important cheering Influence In financial quarters and, while most observ-1 ers conceded the probability of a temporary let-down In the event of a sudden calling oft of hoatill-' ties abroad, the thought waa widely wide-ly held that progressiva momentum momen-tum would soon gather further headway. Not so pleasing waa the spread of Chrysler's labor troubles, with the company's charges ot a "slowdown" "slow-down" strike resulting In some 20,-000 20,-000 workers already Joining the idle rolls. Helpful was V. 8. Steel's announcement an-nouncement September shipments -of finished products were the ' largest In two years. For the month, these were up 181,208 tons over August and 407,364 tons larger larg-er than In September In the preceding pre-ceding year. The sharp Jump In steel production produc-tion lately, trade authorities suggested, sug-gested, has been due mainly te nonwar factors, lncludling automobile automo-bile demand and orders for rail . equipments, shipbuilding, construction construc-tion materials, machine tools and national armaments. Market Cteaa Steadied Among Items scanned for market mar-ket dues were: Figures of the federal reserve), board for the week ended October Octo-ber 4 disclosed member banks In 101 dties, for the seventh consecutive consecu-tive week, enjoyed an upturn la commercial loans. The latest increase in-crease amounted to (22,000,000. The New York Stock exchange reported the short Interest In all listed stocks rose In September by 1.135.243 shares, from the total ot 435.273 on August 31 to 570.51, Short sales extended to 483 Individual Indi-vidual Issues from 381 the month before. |