| Show STOCK PRICES MAKE ADVANCE Selling of Oil Shares In InGas Gas War Fails To Stop Gains NEW YORK YORI- Aug Inter 16 IB Inter Intermittent selling Belling of ot the oil shares on the extension at or the gasoline price cutting cutting ar to eastern territory failed to halt the upward mo move moe movement e- e ement ment of ot prices In today's more nc- nc nc stock market Speculative was WM cheered by the tho IlS- IlS as assurance that no extra session ot the and nas as contemplated of ot the coal coni conferences Conflicting took place at the opening but t e tendency appeared to be u up upward ward Extension of the tha gasoline price cutting war to the tha eastern states caused fresh selling ot some ot the low priced oils but Houston advanced 14 1 and Pan American B ed fractionally U S Stepi and Studebaker opened lower and Northern Pacific drop drop- dropped dropped ped a B point The market turned heavy Inter lateras as the oils were wera pressed tor Cor oale Mexican Seaboard common the certificates broke 43 and poInts respectively each to new lows for tor the ear car In reflection ot the passing of ot the tho dh dividend an an l losses otI of ot a I point or more were re- re re recorded corded b by Sinclair and ot oC California TJ U S S Steel Truck Studebaker and Eastman Kodak also extended their losse to a point or more mort Foreign e iCi- iCi iCid d tead mG lLy R Y Alternate periods of ot weakness and strength characterized the morning market marlet Heavy y ot the oil shares In the first halt hour caused some unsettlement but good support was forthcoming particularly for tor the standard Indus Indus- Industrials Industrials trials Shorts withdrew their sup sup- support sup support port when hen henI a I fair Call sized rally nasIn as asIn In progress apparently to see how the market would act Prices slip slip- slipped slip slipped ped ort oft again as a 0 result but the recessions were ere not Impressive and just before midday tha tho market was again up nard Loose Loose- tt BIscuit was as pushed up 3 poInts AmerIcan Car SL Pressed Steel Car and Vanadium Steel t O elLch and Foundation company and National Biscuit 14 12 eich the thelast thelast last named a ne new high Call mon mon- money money ey opened at ot 4 per cent STEELS S Weakness of tho oil group Mar Mar- Marland Mar land land and Producers failing 2 points to their 10 est figures ot the year ea I and 51 common and ond preferred Cosden and lIddle States also establishing ne minimums failed to stop the ril riling ing tendency else elsewhere here Gains were the large largest t In shares are not ordinarily prominent In tho dealings but leaders like Bald DuPont American Can Ste Steart art art- Warner Republic Steel and Cru- Cru Crucible Cru Crucible cible Steel were cre one to t 0 poInts higher The Tho closing nas as firm When It ob obvious lous that there was lIt lIt- lIttie lit little tie tle or no outside liquidation to help along the bear against the oil stocks shorts be- be began be began gan to cover and prices were push push- pushed pushed ed up to their best le levels lecis cis ot the day In the final dealings |
