Evening star., 1941-01-05
Stocks Uneven
As Stee|s and
Motors Slip
Selected SpecioIties
Advance and Many
Resist Decline
What Stocks Did.
BY FREDERICK GARDNER,
Associated Press Financial Writer.

Associated Press Financial Writer.
NEW YORK, Jan. 4.-The stock
market ended generally satisfac-
tory week today-passing out of the
old year and into the neW-with
slightly irregular tendencies.
While an assortment of specialties
exhibited strength and resistant
spots were to be seen in most other
groups, steelS weakened and motors
slipped after their bounding per-
formance of the preceding session.
The Associated Press average of
60 stocks managed to hold a net
gain of / of point and for the
five-day stretch was up 8, best
weekly upturn since early November.
Dealings were exceptionally slow in
the brief proceedings, transfers
totaling 384,970 shares, compared
with 1921 last Saturday.
Reports private syndicates had
taken over, or had agreed to pur-
chase, large blocks of British-own
American securities which have
been hanging over the market en-
couraged speculative quarters but
actual information regarding these
purported deals was unavailable to
most brokerage Offices and many
customers consequently toned down
their buying urge.
Business News Favorable.
Business news still was on the
side of stocks although some poten-
tlal buyers inclined to limit COM
mltmentS pending the presidential
message to Congress Monday. which
was expected to clarity. at least par
italy. questions pertaining to
boosted taxes further aid to Britain
and the extent to which Government
might slap on industrial controls
for defense purposes.
U. S. Steel and Bethlehem dropped
about a point each and General
Motors and Chrysler shed fractions
of their Fridays sharp advance.
Universal Pictures preferred tackled
on 6 more points to its spectacular
advance of the past week or so.
touching new peak for more than
a year along with Savage Arms.
Volume for both was small
Eastman Kodak, United States
Gypsum, Allied Chemical and Amer
ican Can were up l to 2 points.
Minor gains were retained by Santa
Fe, PENNSYLVANIA, Mack Truck. In
ternational Harvester. Woolworth,
United Aircraft. Westinghouse. Gen.
eral Electric, United States Indus
trial Alcohol, Celotex and Western
Union
Moderately in arrears were Sears
Roebuck, American Telephone Con-
solidated Edison, Douglas Aircraft.
Texas Corp, Kennecott, Great
Northern and United States Rubber
Utility Shares Jump.
Puget Sound preferred stocks were
up 294 to 6i4 points in the curb
Lesser improvement was recorded
for Republic Aviation, Beech Air
craft, Brewster Aero, and Gulf Oil
On the offside were Jones e. Laugh
lin, Bell Aircraft and American Gas.
Sales were around $4,000 shares
versus 208000 a week ago.
Share markets edged forward
Tuesday and Wednesday despite be-
lated year-end tax selling which put
aggregate transactions above the
mllllon-share mark on both DAYS.
There was a sell-off after the New
Year holiday on light volume with
out any particular news to account
for it. Some, though, felt the post
Christmas recovery had not shown
its usual vigor. Fridays run-up was
the best of the week and ostensibly
was based on the report British
liquidation would be taken care of
outside the stock exchange. Scant
stimulation was found in the weeks
war news.