Show STOCK PRICES GAIN CAIN STRENGTH Oil dil Shares Firm Despite Further Cuts In Crude Product NEW EW YORK TORK May Mar 11 11 14 Stock prices showed allowed an n n Improved tone In quiet session es lon The Tho of ef the th on oil hares on tho the an- an an of ot another cut of o II ft barrel barro In Pennsylvania PenD crudo ond ani of ot cuts In other othor fields nelds field to- to together tether to-tether gether with Indications ot or covering n D some of or the uma usua lead lell leaders lead era bu jug ing crt ers moderate tor or the tir long lone account S Sales J approximated approximated approximated mated shareS Speculative sentiment was WM still at the opening with sell sell- sellin sellIng ln in Ing r pressure evident In ec of o the list Chemical shares were ere particularly weak n Americ J and nd d Virginia Carolina ChemIcals and abd Mathie Mathieson on Alkali each dropping to tG new ow records for the Iho year American Writing Paper preferred also sold told at a new low Ow price price- Gulf States Steel dropped one point and Bethlehem fractionally ker and Call Call- Cali California fornia fernia Petroleum advanced slightly GULAU TRIND 1 1 Short operations In some coincident with of ot the tho list 1st pressure In others Imparted a decidedly Irregular trend to the early euly tradIng petroleum extended Its It gain ln to I 1 11 points and was followed Into higher ground by Cosden Sinclair Royal Dutch and Ild General Genera Asphalt and Baldwin Locomotives each ad- ad advanced ad advanced 1 and Studebaker ker one DuPont climbed 2 V s American Smelting preferred dropped 2 2 points to a new low record for the year ear and Allied Chemical also dropped d below Its previous 10 low price Lo Losses s of one to nearly two points were ere recorded by Stewart Stewart- Warner Electric Storage BatterY American Car Market Str Street Rail Hall Railway way Kail-way way wy second preferred and Je Jen el elTea elTea Tea preferred exchanges ea eap p ned strong strone Demand sterling advanced one on cent to 4 62 and French francs rose five points to 6 LISTLESS TRADING DING Except for tor some ome short hort coverings in a number Dumber of standard shares hares and anda anda anda a few specialties which rave gase ga e the market a somewhat firmer armer appear appear- appearance appearance appear appear-anc ance trading was wu rather listless during the morning Small Investors and speculators showed a to wait walt until prices became more be- be before ifor be-ifor fore extendIng their commitments lArge bear traders who hae ha ben been hammering the th market for tor the I last t two weeks stopped for tor another breathing spell and there was no of ot any concerted buying on the th part of operators for tor the ad- ad advance ad advance vance vanee A cut of a 8 a barrel In pennsylvania crude crad and reports of cuts In Iii other fields were Ignored by the th oil shares Woolworth jumped six points DuPo DuPont t and tt Myers five each and Rem Rem- RemIngton Remington Rem Ington Typewriter American Can Willys Overland preferred three to four points C Call Jl money opened at t cent CONFIDENCE CO GUNS S The earl gave cave way to tofa toi ift fa more confident feeling as u to the Immediate course of prices when it Has as as perceived ed that the tho rise was not causing any extensive profit taking taking- land and that the bears were not taking advantage of ot the higher level to put putout lout out any considerable short lines The bue ICY of several of the oil In taco tace of further readjust readjust- readjust a of crude crud oil prices also tend tended ed ted to encourage busing bo lne ing of the th gen gen- genera era crar list California Petroleum moved up four points American Can 3 and Pan American Corn products Products Warner Stewart and Stromberg Carburetor 2 to 3 I Woolworth extended its gun gain to eight points The Th closing was strong strone The up- up upward upward Jward ward ward tendency became more moro pro pro- pronounced pro In the tate late dealings with withe e motor and ani atco shares malting malting- substantial recover from recent heaviness Gulf States Steel sand aDd Warner Stewart rallied NEW YORK SUGAR NEW YORK May Slay The 14 14 The raw sugar market was OO easy Y early today and pric prices e c lower to the basis of 6 e for Cubas cost and frel freight ht equal to 8 I for centrifugal Trad- Trad Trading Trad ing- ing however was light and sales were only bags bae to a a local re- re refiner refiner tiner re-tiner finer 1 1 he easier caster rulIng of or the spot mar mar- market marLet mar Let Let ket and continued poor consuming demand for tor refined sugar led to renewed selling on the raw sugar futures with prices at one time dur- dur during ine dur-ine log ing the morning ing declines decline of ofU 14 to 22 points Co checked the decline around 6 00 for tor July and 6 t 06 for tor September and prices rallied and at midday were 7 to lb points net 10 lower cr There were no changes change in refined sugar prices with Ith tine fine listed at 9 to 9 S SOc The demand however continued light Refined futures were nominal Sugar futures cosed steady Ap- Ap Approximate Approximate Ap Approximate proximate sass saes aes tons July 3 It 18 September 6 21 23 DecemberS December S 69 t March 4 2 62 FOREIGN E NEW lORK May 14 11 Foreign l n exchanges firm firm- Quotations in 10 cents Great Britain demand a cables 46 day 60 bills bUls bUlson billson billson on banks 40 France demand 6 63 3 cables Italy de- de demand de do demand mand 4 90 cables 4 90 SOA 2 n- n Clum glum demand cables Ii 5 72 H Germany demand cables Holland demand 33 39 10 cables 39 13 Norway Norway Nor- Nor Norway way demand demind 1640 1840 S eden Sweden do de d ma Dd maDe mand 2662 Denmark demand 1872 Switzerland SW demand 1801 Spain demand 15 IE 23 Greece demand 1 l SO 0 Poland demand C Slovakia Czecho-Slovakia echo demand ArgentIne Argentine de- de demand demand de demand mand 36 12 Brazil Brull demand 1060 1050 Montreal it sa 32 3 MONEY HONEY MARKET M t NEW YORK TORK May IS 15 15 Call money steady iy high 42 4 low 4 ruling rate 4 Y A closing bid 4 h i offered at 4 Last loan 44 can call loans ganst acceptances acceptance 4 Time loans firm mixed collateral 90 60 tO days 64 t four four- tour tour- six four lx x months month 6 5 n Prime Prim commercial palter 6 SUGAR MARKET LIBERTY BONDS BOlDS DS NEW EW lORK i ORK May 14 Liberty bonds closed dosed 3 c t 45 1712 second cond 4 first 4 97 1 second 4 s s 1714 third 4 s 12 fourth 4 11 7 21 Victory 4 s uncalled 10 U 13 S B Treasury Trea-iury 4 s s 99 50 |