Show STOCK MARKET STAGES RALLY grading Dull Estimates of ol Capital Cause Un Un- Uneasiness Uneasiness Uneasiness easiness NEW YORK ORK June 20 By By ByThe The Tho Associated Press Specula Specula Specula- Speculators tors for the advance retained regained con con- control control ti-ol ti of ot the tho price movements In to today's to to- today's days day's stock market ma ket after ater an early period of ot irregularity but trading was rather dull on the rally raIl Un Un- Uncertainty Uncertainty Uncertainty certainty over oer the change In bro bro- brokers brokers' brokers brokers' kers' kers loans last week weck the tho total of ot I which will be made public by the federal reserve resene bank bani after the close of ot the market tended to hold trading in check In view of the fact that the fig fig- figures ures cover the week neck ended last Wednesday and that a a. sharp re reaction re- re reaction action took place the day before a decrease would naturally be cx- cx expected but so much capital has been tied up of late In financing new security offerings that it Is impossible to make estimates with any degree of accuracy Renewal of ot the call money rate at 4 per percent percent percent cent in view of the third successive sive I deficit in clearing house re reserve re- re resene serve sere tended to allay alia some omo un uneasiness un- un uneasiness Uneasiness easiness o over the tho credit situation IU LOSSES Early losses of 1 to 3 points In Inmany Inmany inmany many issues were substantially re reduced re re- or wiped wined out when hen a brisk demand developed for some of ot the high priced specialties under the leadership of Houston oil which soared S 8 points Nearly a score of ot new peak prices prices' were established established the list Including air re reduction re- re reduction reduction American Bank BanI Note American Steel Foundry Sears Roebuck common and preferred St. St Paul preferred and Chicago Alton preferred A stronger undertone also 1150 was noted for tor se-cral se se eral of the food tood shares particularly Continental Baking A National Biscuit and Cereal Renewed weak weak- weakness weakness ness ness of ot White Motors aroused fears tears for tor the safety of the 4 4 I an nn- annual annual nual dividend on that stock n. n K Tt JAR GUN G. The Kansas City CIt Southern rail railroad road the first to report Its May I earnings showed shoed shon ed an increase of more than in net income over o the same month last year jear ear Both the common and preferred stock of the road advanced to new high levels Ie for tor the year ear earThe The closing was firm specula specula- speculative speculative tive leaders lenders such as U. U S. S Steel and Mack Truck showed recovery from erly er depressions alte alto in the thed day d y when many western estern railroad and specialties advanced briskly brisk The St. St Paul Chicago Alton Soo Western Pacific and Chica Chica- Chicago go 0 Northwestern issues were in large lar e demand together ether with U. U S. S Cast Iron Pipe Union Carbide Safety Cable Continental Baking A and Baldwin the last mentioned rising rising- over 6 points to Feder- Feder Federal al Mining Smelting declined 12 points Total sales approximated shares |