Evening star., 1934-11-09
STOCKS ARE FIRM
LATE IN SESSION
Others Join Specially Issues
in Slow but Steady
Upward Trend.
BY VICTOR EUBANK,
Associated Press Financial Writer

NEW YORK, November 9.-The
stock market pushed slowly but
steadily forward today. Specialties
were the principal gamers during the
forenoon, but other parts Of the list
also strengthened in subsequent deal
ings. The late tone was firm. Briggs
Manufacturing, Santa Fe, Johns
| Manville, Douglas Aircraft and Co.
lumbian Carbon rose ! to points.
United States Steel and American Tel
ephone improved fractionally. Trans
fers approximated $4,000 shares.
TIL major grains got up around a
cent bushel. Cotton was little bet
ter than even as the trade discussed
plans for further acreage curtailment
next year. Bonds held their modest
gains of yesterday. The French franc
and the gold currencies moved up
against the dollar, but sterling turned
heavy.
Plane Shares in Demand.
Aircraft shares were in demand,
Wright Aeronautical, a l0-share is
sue, advancing points, while Doug
las. CurtiSS- Wright A, Boeing and
United hrmed fractions to a polrt
New highs for the year were recorded
by Eastman Kodak, Briggs Manufac-
turing and Houdaille- Hershey A with
gains Of point or SO. Mullins Man.
ufacturing preferred was up 3 and
the common about /. Santa Fe was
point higher and the other rails
were better. United States Gypsum,
Case, American Tobacco B, Johns
Manville and Columbian Carbon we're
up point or SO each. United states
Steel. American Telephone. General
Motors, Chrysler Montgomery Ward,
United States Smelling and many
others were narrow.
Freight car loadings for the week
ended November showed a decline
Of 11,795 under the previous week,
but this vas much less than seasonal.
Shipments of the United States Steel
Corp. for october disclosed a drop of
26,344 tons under the previous month,
which was about in line with early
estimates.
Activity in some of the aviation
stocks was attributed to reports of ex-
pansion Of construction by leading
companies and the attention attracted
by new transport plane records.
Sentiment Improves.
While a somewhat more cheerful
atmosphere seemed to dominate the
| board rooms. the lack of any broad
public participation in equities trading
tended to temper whatever enthusiasm
| may have been aroused by the mild
infiatlonary interpretations placed on
tuesdays elections.
Little surprise was expressed in the
financial district over advices from
Washington indicating that the ad-
mlnlstration estimated the budget for
the next fiscal year would total some
$500 10000
Wall Street was highly interested in
word from the Capital that the Presi-
dent. instead of turning to the left as
the result OF the election verdict. might
seek to revise his economic program
along conservative lines. Intimations
that the Chief Executive was against
further currency imitation, and hoped
that any additional monetary adjust
mentS would be based on stabilization
through international agreements,
were cheering to banking circles.
Nervousness over the French politi-
cal situation apparently had worn of
considerably. although most observers
were still rather confused regarding
the outlook for the new Flandin
cabinet.