Salt Lake Telegram | 1942-08-15 | Page 13 | Buying Power Fades in N. Y.

BUYING POWER VER FADES IN N N. N Y V. V NEW YORK Aug 15 Out UP-Out- IB Out Out Outstanding Outstanding standing news inspiration was lacking for Saturdays Saturday's brief stock market and while many leaders managed to extend the recent r rally ly by minor fractions buying power faded to a considerable ex ex- tent The list generally was moderately moderately moderately i higher at the opening Dealings Dealings Deal- Deal ings were exceptionally slow The aircrafts lost their steam of Fr- Fr Fri Fri- day Closing prices were narrow and a wide assortment of issues unchanged Transfers for the te two hours were around shares General Motors kept its is balance in the wake of a three-man three panel recommendation to to the W L B for fora a wage increase of 5 cents an hour to o more than Chrysler was up most of the te ses ses- ses- ses sion New years year's highs were recorded for lor Erie certificates Ohio Oil Texas Texa Pacific Railway and ad Bor Bor- den Patino Mines was propped by byte bythe bythe the te boosting of the te dividend on the common from 50 cents to 75 cents On the other oter hand Jones Laughin Laugh- Laugh un ln in Steel shares were handicapped by y a dividend reduction from 75 to o 50 cen cents ts In I front at one time or another were U. U S. S Steel Bethlehem Sears Roebuck Westinghouse General Electric Du Pont Homestake Mining Warner Bros and Standard Oil Oi N. N J. J Eastman Kodak suffered an early eary relapse Inclined to falter faler were U. U S. S Rubber preferred Chesapeake Ohio Liggett Myers B and Phelps Dodge Bonds were irregularly higher In I the curb Creole Petroleum slipped when estimated first half earnings showed a substantial re recession recession recession re- re cession from a year ago Attracting Attract Attract- ing ng mild mid support were Gulf Oil Oi Petroleum Glen Gen Alden Coal and ad International