Show STOCKS MAK MAKE EARLY GAINS Selling of Domestic Oils and Profit T Taking king Mark Afternoon ND NEW YORK YORT- Nov ov 12 Secre Secretary Secre Secretary tary l Mellon llon s recommendation for forn fOra fora n a do downward n ard r of ot federal tn- tn income com In-com come t had a 1 beneficial on stock prices which displayed a astron strong r tone tOIle ton at today a 8 opening United Steel Baldwin Stude- Stude Studebaker baker Stude-baker bilker baker and other pivotal shares fractionally higher and there thre was isas a good tood demand for tor the rails mils Some Som of ot the oils were heavy In reflection of the th gasoline cuttinG war In the west est ni TU It DI nU S DE BIloDE s The Thc m k broadened and de- de developed developed d Increased as ns trad- trad tradIng tradIng trad-Ine trad Ing was itS pushed up the fiso points and three each to nw nsw high hl h levels for tor forth forth tho th vear year Brooklin Union Gas Gag and nd 2 and United States Steel Baldwin In- In InGul Gulf Gul States Steel Max Maxell ell all Motors A Stromberg Jones Jonea Brothers Tea American merl Can and Studebaker were among amont amon the tb many man stocks stocks to gain pain a point or more eign c e chane s opened ea de demand de- de demand demend mand mend sterling dropping more moro than three cents to another new low EUROPE The stock mark markets market's ts t's appal tnt In- In indifference in difference to una una political de abroad was as the fee toa- fea feature ture of the morning session Vir Ir SIr SIr- Virtually all 11 grou groups p of stocks participated participated in the ad the tIle gains ranging f am one to fi point r Bc Ut celt tor for the y ity baying of tile tho Erie Irle Issues most of o which touched now new high levels for the sear hear ear the up-isard up rno was as an orderlY ono with the thc large larce bulk of o the buy buy- buying buy Ing in or lots Mer Mer- Mer Merchandising Issues Ues led the lalli lalib lall but there was a good demand also for tor forthe forthe the steel equipment motoi food and chemical shares Call money opened at 4 per pel CentI cent JI I l lT Profit taking in ph pivotal otal shares and selling of or domestic oil on the more widespread reduction In prices caused tho list to toi i bend after midday Consolidated Gai DuPont Marine Marin preferred an and 1 International Cement Mere ere Quite Liter Iller buying buying- bu pf ot some of tIle the he southern and south tern stern shares and the tho Cries Uries caused the general movement to become considerably mixed |