Show STOCK MARKET GAINS CAINS STRENGTH Late Trading Forces Is- Is Issues Issues Is Issues sues Upward Steel Is Better k YORK ran 6 11 lly Th The i PIN pi Pi-eini Pi Stock J g ii ii t i n-lh n alter an carLY a 0 ort od o 0 oi ii n In la todaY today's t tr i i 1 p Pi i alt sagged d nt at t Ihl open open- I II i E g 01 OJ ru r of ot a law of ot o n over night II hI sell selling In moto motors ing InK ord i particularlY 1 in 1 oll oils oils- but the he strong re re- re 1 ho ow by LY J Iuta r- r C i II n d ci ir IP 1 1 ir of or aggressive thorl horr covering before midday of or the call money mony rate to toPO PO nl ml nl tr x a renewal rate rale of ot eUh lIh lund rund In the outside arl as aa low a 11 3 nd in Ii optimistic character Ot of 1 i l I i t-eI t Ira trA trail Lp d to io create r ate bullish rem im In tn lh ht ly ai adv afternoon S i 1 Steel e common which cloud 16 i It nl night ht wa was run up tip Smelting to t ril i Au Aim rican Can Call to 0 11 or ih tho u 0 of o me the third hour bour oi T o 0 O 0 of rumors of or an earl earLY earlys s of Delaware on n o Oil il properties Wa was ivas tollow 1 Ili b 1 t fi point jump joint In that thai Block H B jumped mm rod mill Solvents South Porto PorIa Rican Un rAne Ig IC 4 and Atlantic Coal Express Steel Steela al a and General common 3 2 moved 3 to II ana nd u up wy Federal Mining Mining- and common broko broke from 0 o 0 IS 9 4 on the traditional sell ing Hg 10 on the Hie good news ollo te he declaration of or n a 10 dividend l land and the ot of o the pay pay- payment mint ment ot of o arrears on the preferred nut ut rallied later to liE HEAVY AT XV T orEIN Reactionary tendencies were In Ine ina e a at th the opening ot of todaY's tock stock market markt In continuation or oL esterday's general selling move move- movement movement movement ment Motors and high priced Including Including- Slack s American Can General electric White Motor and flatS Bald Baldwin win trin In were werl ly heavy havy but nc nero re were a few rew offsetting among the copper and rn all road shares hars hares ET Renewed discussion of or merger merser and favorable traffic ports aroused aroud active bidding for tor Wabash and Norfolk 8 Western Is- Is ui us In the first halt bait hour The rest resto 0 the rail 1011 group however was with St Paul preferred a sharp reaction and Illinois Central showing sho heaviness Selling pressure In- In against ag the motor share sharen h h arly ary losses bases in Chrysler Dol tode e t hit and l a Mack k Trucks Truck ranging rang rom I I 1 to 3 1 points point Woolworth orth Steel Car and Mathle joined in the downward movement Th The spotty appearance 01 0 he hl market was Intensified I by of buying In several resulting In gains ot of o I 3 Ito to points for American Express Jewel Tea and General Electric exchanges opened firm ith sterling fractionally higher atI at I 84 54 16 11 AT T Individual issues isUe especially ran Pan merican U n United Cigar Stores Southern DuPent DuPont Porto Rico Sugar and flu Du Pont continued to exhibit coMB able abie weakness but hut the market markt iii turned upward when heavy heay of ot several sal public i IC les and various arlous specialties began a number of ot shares sold at their figures for a ay ear or ol- more Columbia Gas Electric Pressed Steel Car and General Genral As- As As Asphalt Commercial Solvents A rose points and Ame can Express and Remington ne Typewriter t 5 The reo re- wal re rate rale on call loans was rt- rt re reduced to 4 44 41 1 per r cent tent FIRM AT T T CLOSE The closing wa was wal firm Apparent Apparent- I content to hold bold their advantage operators operator made no ef- ef effort fort In the fInal hour i- i to push prices 10 o Ici whIch might ht tempt heavy hay salt State Steel nd other pivotal Is Issue ues held slight below the top price but oma ollie ot of the Including Gas Ga Underwood Te- Te V and States Statu Cast Iron Pipe moved forward for 2 to otal otal 4 points II IDS shares sates sales ap I 1700 |