| Show STOCK PRICES UP POOLS WORK Trading Dull Dun on Rally Money l Rates Arc Are Lower NEW YORK July 7 By By The As As- Press Lower Lower money rate rates end a good Investment demand pro pro- the groundwork for another ad ad- ance vance in prices In today's stock mar mar- ket But Dut trading was rather dull on He rally rolly Buying appeared to ro orl largely with professional traders several se of ot the larger commission houses reporting little participation FREIGHT DECLINES Although pools succeeded In making up more than a II score Issues to new high levels for the year including Baldwin American Express American Bank Note Brown Shoe and five ciga stocks buying of the general list was restricted by recent unfavorable track trad news This Included a sharp drop lr i. pig Iron production last June the re recent se- se cent falling ailing off In freight car lost load loadings ings legs and the report that the country's steel mills were operating well below bel 70 per cent of capacity Baldwin Bald Locomotives which is Z s op op- operating operating op- op crating at 10 per cent of capacity to a new peak and ami the preferred reached the callable price of for the first time Ume Strength Streu lh of Collins and Aikman was based on 0 un un- unconfirmed Unconfirmed confirmed reports that control of 01 0 the company was sought by one of 01 the alle CC automobile concerns PLAYERS HEAVY Heaviness of Famous Players which ran up 3 points at the expense of an overcrowded short Interest yesterday probably was based on selling Inspired by reports that actors and actress actress- actresses es as had banded together presumably to ro resist proposed cuts and obtain ln better working conditions General Motors MotOl'S Hudson Dupont and International Harvester Han also had spells of heaviness Merger issues continued to feature the rail group with Kansas City Southern and Chicago ago Eastern Illinois common and preferred reach reach- reaching reachIng reaching ing new high ground The closing was firm The Dodge Dod e Brothers and Pierce Arrow Issues were fed out steadily in the final hour con con- concurrently concurrently concurrently currently with a rise In General Mo Mo- Motors Motors tors toes and Jordan to the best figures of the day General Electric also reflected ac- ac the tire profit taking R. R IL Macy Im im- Improved lm- lm proved 5 points and U. U S S. Cast Iron Pipe 5 5 Total sales approximated ed shares |
