Salt Lake Telegram | 1940-05-27 | Page 20 | Light Selling Reduces on N. Y. Exchange

S if rA light N eHing o Reduces Earlier Advances on N. N r. r Y ff MART IT SHAKES W AR By Victor Eubank J I A. A P. P Financial Editor Edior J NEW YORK May 27 L. L Up stock stoc market shook off son somi some its it war nervousness leading issues were pushed v u to more than 2 points point before I Ining ning into light selling i Steels aircrafts aircraft coppers an ar wide variety of industrials 3 stand to benefit from the 11 l domestic rearming program well wel as larger purchases i f European sources were in van of the morning climb J Ticker Loafs Often Oren J Dealings never got out of h h. h however and the ticker tap tape loafed Sufficient o J i ings cropped up in the final finali to stem the rise rie Gains A l' l f substantially cut or cancel many cases at the close Tran were around shares shares While the news from emba Flanders was wa nothing to about marketwise traders s sa see sei seia seea a bit more optimistic over rei r the allies ales after falling ba l new positions position were strong resistance to the nazi th tb The estimated advance ol t f points in this thi weeks week's ste steel l operations to the highest lever levers late January was comfortI followers of the steels steel alth althou g line lne with forecasts j N. N Y Shipbuilding preferred d distanced other stocks with a swing of about 31 points t to af arc The stock sold last lat Tut T at Today the com camp directors voted to call cal the issi isa isi 10 pI us accrued dividends dividend of Sa S a share TU Some Retreat Late J 1 In front the greater part parti session some session some eventually retE were U. U S. S Steel Bethle Sperry Glenn Martn Martin United craft craf DuPont Sears Roebucks Roebuck conda American phone American Smelting American Fe Manville Johns John and U t Gypsum j a Wheat at Chicago was t t cents cent a bushel lower an and andi 1 was wa U off to up Vs 1 Cotton b i trades was up 55 to 90 c ce l bale The free pound st stand stand sti and French franc gave grOUt Leaning upward in jn the the were Aluminum of America America- C C Petroleum International I F F leum and St. St St Regis