Evening star., 1940-06-30
Stock Trends Mixed
As Traders Await
Events Abroad
- Goins, Losses Rongine
To ST or More About
Even at Close
BY FREDERICK GARDNER,
Associated Press Financial Writer.

Associated Press Financial Writer.
NEW YORK, June 2s.-While the
stock market, for the third sue
cessive week, managed to show
slight gain on balance, the list mud
died through today's brief session
with mixed trends.
The rally of yesterday brought
minor advances at the start. Many
OF these were soon erased and at
the close gains and losses run
ming to a point or so were pretty
evenly divided. Dealings were small
throughout.
Traders, while generally cheerful
regarding home politics, lightened
here and there on fears of a nearby
Hitler blast at England or an early
peace which could drastically alter
export policies of the United States
At the same time business news
continued hopeful, With scattered
exceptions. Rearmament spending
still was viewed as the principal
industrial prop.
The Associated Press average Of
so stocks was unchanged at Alb,
but on the week was up i. For
the month the composite showed a
net upturn of 28 points.
Only 17O,l3O Traded.
Transfers for the two hours
amounted to 0,130 shares, smallest
volume since July last year. 1t
compared with 04,340 a week ago.
The June stock trading aggregate
was the lowest since February, while
the months bond sales touched a
bottom since 1918.
Steels were under water during
the greater part of today's proceed
ings as doubts were expressed re-
garding expansion of next week S
mill operations. Rails held fairly
well on encouraging traffic and
earnings reports. Oils improved in
the wake of signs the gasoline price
structure was firming. Coppers,
rubbers, motors. aircrafts and utili-
ties were narrow.
Up shade at the close were Gen.
eral Motors, Santa Fe, Pennsylvania,
Great Northern, Standard Oil of
New Jersey, Texas Corp, Sears
Roebuck. Boeing, Sperry, American
Telephone, Consolidated Edison,
Anaconda, Phelps Dodge and Inter-
national Mercantile Marine.
Down were United States Steel.
Bethlehem, Douglas Aircraft, Lock-
heed. Glenn Martin, American Can,
Westinghouse. General Electric, AL
lied Chemical. Eastman Kodak, J.
G. Penney and Loft.
aluminium Stock Drops.
Aluminium of America dropped
3ls in the curb. Lesser declines
were posted for American Gas,
Brewster Aero, Electric Bond e.
Share and Republic Aviation. Gain
ers included Bath Iron Works, New
Jersey Zinc and American Cyan
amid "B." Owing to the sale of a
40,000-share block of Central States
Electric, unchanged at Is, transfers
in this market totaled about $1,000
shares, against $4,000 last Saturday.
For stocks it was week in which
politics helped offset war dispatches.
Buying in utilities put heart into
the list Monday and steels resisted
the first recession in output in nine
weeks.
Pessimism, inspired partially by
the British announcement the
French had agreed to yield their
fleet to Germany, turned prices
downward Tuesday. There was
further retreat Wednesday on the
revival of peace rumors. Repub-
hcan convention activities appar-
emily buoyed speculative spirits
Thursday and the market had its
best day since June IA on Friday,
following selection of Willkie as the
standard bearer.