Evening star., 1937-08-29
u. S. BONDS STEADIER:
OTHER ISSUES MIXED
Few Carriers Show Minor Gains,
With 1ndustrials and Utilities
Heavy and Neglected.
WHAT STOCKS DID
BY FREDERICK GARDNER.
Associated Press Financial Writer,

provided q little rallying steam for
today's stock market but many issues
failed to get back on the upgrade.
1t was the sloWest short session in
about six weeks. transfers amount
ing to only 254,300 shares compared
with 280,580 last Saturday. The As
sociated Press average Of 60 stocks
was unchanged at IS.
The Shanghai scene was still a
matter for worry to those who fear
international complications may
emerge from the Sino-Japanese con-
flict, but war tension. on the whole,
seemed to have lessened somewhat
as market factor.
Declining steel orders and other
spotty business conditions tended to
keep many traders in neutral terri
tory. Some quick-turn buying was
reported on the theory the list was
due for at least a temporary come
back because OF the recent sharp
downturn.
Rail Averages At New Low.
Nlbbllng at carrier shares was at
tributed to the belief in financial
quarters the wage controversy will be
settled by mediation and that q
strike is unlikely. In addition it was
not overlooked that the Associated
Press rail average dipped to a new
low for the year this week.
Among the better share performers
with gains running to point or so
were Baltimore Il Ohio at 24la, New
York Central 35as, Southern Pacific
1914. Illinois Central %, Pennsylvania
34l2, United States Steel 1O8as, Cen
eral Electric 52l2, Socony Vacuum
2o1s, Standard Oil of New Jersey
637s, Montgomery Ward so, General
Motors 53a. United States Rubber
547s, Allis Chalmers 64h. Du Pont
1859. Union Carbide 81, Allied
Chemical 227la, American Rolling
Mil 36ss. American Steel Foundriea
40, Kennecott 581a and United Air
craft 271s.
On the downside were Westing-
house at l44L4, Loew's 97A. Bethle-
hem Steel 92ls, Chrysler lO8, Re-
public Steel 33A, Texas Corporation
5S's, Anaconda 54hs, American Ra-
diator l9a4, Northern Pacific 27A
Sears Roebuck 90la, Pullman so and
Youngstown Sheet o. Tube 853s.
Federal Loans Steadier.
A steadier tone in Federal loans
and minor upward tendency in do
nestle corporates marked bond trad
ing. Dealings were extremely light
turnover totaling s2,473,4 face
value, compared with $2,e47,s25 last
Saturday.
Gains in Governments ranged up
to 1872 of point while declines
which were in the minority were held
to around the same level Principal
activity centered in Treasury 2a.s OF
1854, which gained 4/32 of a point.
Price shifts in the corporate grour
were narrow and inclined to be un.
ever. A few rails showed mino,
gains while industrials and utilitie.
were heavy and neglected. The As
sociated Press averages for 20 rails
advanced L of point to 89.7, while
those for 10 industrials were un.
changed at 1929 and 10 utilities de-
clined z Of a point to 97.l.
Foreign issues were uneven. Jap
anese 615s slumped point while the
S YES were unchanged Some South
American loans were lower.
Curb Market Quiet.
The curb market showed some signs
Of improvement in a quiet short ses-
sion. A few specialties ran up modest
gains but for the most part price
shifts were held to narrow limits.
Carrier Corp. jumped 2A to close
at 63&, while Technicolor gained
slightly over a point to 3012. Ameri-
can Cyanamid "B" improved X to
34h.
Gaining fractions were American
Light d. Traction, Fisk, Imperial Oil,
Pantepec Oil, International Petroleum
and Glen Alden.
Slightly lower were Aluminium Co.,
American Gas & Electric, Electric
Bond & Share, Crocker Wheeler and
Consolidated Copper. Losing around
point were New jersey Zinc and
Creole Petroleum.