Steels, Chemicals Gain
The oils resumed their leadership early in the session. Their gains were hacked in mid-session. Towards the close, however, some of them found renewed strength.</br></br>Aircrafts were lower in the fore part of Û¢ the session. A sudden flurry pushed them up late in the day. But their gains evaporated by the close.</br></br>Some of the rails spurted ahead by noon on word that the Interstate Commerce Commission had permitted the carriers a 33 per cent hike in their demurrage charges to alleviate the shortage of freight cars. These charges are made against shippers who keep the cars longer than the two days of free time allotted for unloading. But the rails, already lower because of the industryÛªs drop in net income for April, failed to keep their, gains and declined on average.</br></br>The net result of all this was a set of con- ; tradictory market statistics, with the key stocks ahead on average but slightly more losers than gainers among all listed issues.</br></br>The Assoeaited Press average of. 60 stocks rose 30 cents to $184.00 with the industrials up $1.00, the rails down 20 cents and the j utilities down 20 cents.