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Week closes on stock exchange with broad advance
The market rose across rails, industrials and utilities with 465,700 shares traded. Rail traffic showed gradual improvement with June 28 freight loading at 908,355 cars, hinting at an upgrade. Industrials, led by Baldwin and American Can, surged to new highs while Sinclair Consolidated Oil reduced bank loans and reported strong gasoline sales. Rock Island advanced amid pool activity ahead of potential consolidation with Southern Pacific.
MENTIONED IN THIS ARTICLE
Baldwin
American Can
Chesapeake
Ohio
Chesapeake and Ohio
Pittsburgh
Virginia
van Swearingen
Davison Chemical
International Paper
Owens Bottle
Fleischmann
Sinclair Oil
Sinclair Consolidated Oil
Sinclair
Sinclair Crude Oil Purchasing Co
Sinclair Consolidated and
Standard Oil
Indiana
Rock Island
Southern Pacific
Rock Island Lines