Show OCK LEADERS CLIMB AS MARKET STAGES cREEPING r RALLY TRADING G MOVES AT SLOW PACE PAGE By VICTOR VICOR EUBANK Associated Press Prese Financial Editor NEW YORK March 1 tock l-tock Stocka 1 Stocks put on a creeping rally raly in Tuesdays Tuesday's Tuesdays Tuesday's Tes- Tes Tues Tues- market with leaders days day's market getting up fractions to more than 2 points pints at the best Extreme slowness of the proceed proceed- ings tended to dim speculative ardor and light profit selling in th tb t final hour lour cut down dow top marks in many Instances Trading circles circes cices apparently gave gave- more heed to boardroom gossip gop having haying hav- hav ing ng to do with wih the possibility of th the administration announcing another breathing spell for industry as a part par of the program to t stem the re re- re re tide It It w was wa re recalled e though hough that similar talk has been going the rounds round both here and in Washington during the last lat several days era Starts Raggedly The list got off of to a ragged start str and shifted from one foot fot to the theother theother theother other in the first two hours The Tha Te reversal in trend got under way around midday and prices price soon son reached peaks for the te session session Transfers were in the neighbor hood od of shares she Major steels led the abut fac about face although Republic lagged when this thi concernS concern concer cut its it white collar working working working work work- ing week from five and nd one half one one-haf to five d days y ys which was wa equal to an cent average salary slice of 9 Wl 1 p pe p r A. A T. T T. T Shade Ahead Aea American Telephone was wa a shade hade ahead most of the th time as a 1937 1931 earnings were shown to have more than covered dividends although slightly under those of the year be be- be fore American Smelting dec ed a cent 50 dividend against 75 15 cents cent pa paid d previously and in i the first first quarter of 1937 but the te stock managed man mani man aged to hold its it own Favored stocks stock included U. U S. S Steel Bethlehem General General Gen Gen- eral Motors Ch Chrysler W Westinghouse house huse General Electric Air tion ton Du Pont U. U S. S Rubber J. J I I. I 1 Case Oliver Olver Farm Farm Anaconda Ken- Ken Santa Fe Allis ls National Supply Union Carbide and ant Philip Morris Morri Take Action Acton Quietly Quety The Te market generally analysts I Isaid said seemed to betaking omissions without especial unsettlement unset unset- dement shareholders realizing large disbursements ments voted last lat year yr made it necessary for corporations to trim sails sail when they ran into in cloudy weather It also al was wa observed that payments payment in i future quarters undoubtedly un would follow a up pick-up in io trade tade The automotive group Deflected partly party the Gene General al Motors an announcement announcement announcement an- an January overseas oversea sales were the high highest st for that tt month on record and were up per cent over the 1936 period A straw in the wind was Wa seen in inthe inthe inthe the Dun Bradstreet survey suey re revealing revealing re- re business failures in the te week ended February 24 totaled a anew anew a new low for the year to date comparing comparing comparing com com- week paring with wih in the previous |