Salt Lake Telegram | 1938-01-06 | Page 15 | Ails and Industrials Start Stock Market Adv Ance

ILS AND INDUSTRIALS START STOCK MARKET ADVANCE PROFIT SELLING r REDUCES GAINS tt t By VICTOR EUBANK 4 Associated Press Financial Editor Edior NEW YORK Jan 6 Industrial 6 j stocks hitched on to the rails rail in I Ithe Thursdays Thursday's market and chugged up the recovery track for gains runnIng running run run- run ning to 4 points generally There were ere a few wider swings i While extreme advances were cut down own in some instances in the dosing dos clos- j cos- cos ing ng hour by profit prof realizing many favorites finished at or near best levels of the day Volume was small smal the IB greater part of the session butle but the le ticker tape fell fel behind d for a brief interval on the concluding sprint print f I Strength in secondary carrer carrier bonds and wheat futures was i thought nought to have been a factor in hi hithe the he buying revival 1 Many Issues Advance v Steels coppers motors is rub bers ers farm far implements and laneous issues were well wel out in front Even utilities hesitant for fora a time achieved some popularity on n the final lap i I Brokers attributed the better per per per- of the list partly party to to the I speculative belief belef many sour corporation cor cor- oration profits figures for forthe the le last quarter may have b been en discounted and that an intermediate I comeback at least was in order Transfers approximated shares hares Helping to buoy market spirits j specially especially in the carriers was the agreement of the Reconstruction Fi Fiance Fi nance ance corporation subject to approval ap ap- ap 1 roval of the I. I C. C C. C to tide over the le Baltimore Ohio with loans loan A totaling more than The roads road's stocks and bonds p pushed shed up briskly l Rail Kail Rai Stocks Move Up Conspicuous on the were Santa Fe New York Central Southern Souther Pacific Great Northern i Northern Pacific Union P Pacific U.S. U. U I S. S Steel Bethlehem Anaconda Ken Ken- American Smelting Chrysler Chrys Chrys- ler er General Motors Continental Oil Oi Standard Oil Oi of New Jersey Jersey U. U S. S I Rubber Goodyear J. J I. I Case Inter International I I national Harvester Westinghouse i idu du u Pont Allied Aled Chemical Union Carbide Philip Morris Climax Molybdenum North American Con Con- Consolidated Edison Edison Douglas Dougl Aircraft Power Power- Light and Coca Coca- Cola j Col jAt At At Chicago wheat was up uP 2 2 to 3 3 cents a bushel Corn was V cent off to up cent Steel and aviation issues received support on visions of increased profits in these fields when the planned lanned expansion of national defenses de de- gets under way Coppers Coppers- I were vere stimulated by another boost in the he export price of t the red metal I