Evening star., 1941-07-06
SpeciaIties Put
Into Stocks
Coins of ] to 2 Points
Are Registered
By Fovorites
Total issues
BY BERNARD S. O'HARA,
Associated Press Financial Writer.

Associated Press Financial Writer.
NEW YORK, July 5.-Strength of
a handful of specialties today put
little backbone into stock market
leaders generally and enabled the
list to finish fairly satisfactory
week leaning slightly upward.
While gains of l to points were
tackled on few favorites, plus signs
elsewhere were in minor fractions
at the close of the brief proceedings.
Numerous issues we're unchanged or
off a shade.
Many boardroom customers
stretched yesterdays holiday for
lengthy weekend but most of those
who came down to Wall Street
seemed to get some bullish inspira-
ton from Russian claims of success
full resistance to the Nazi push. In
addition. business news was more
encouraging than otherwise and
some suggested the heavy tax bill
which must be met next year might
have been partly discounted market
wise.
60-StOck Average Up.
The Associated Press average of
so stocks was up i of a point at
41.9 and showed a net gain of 2 on
the week. OF 425 individual issues
traded, 2l1 were up. 81 down and
l23 finished at Thursdays final
levels. Due to the activity of three
or four climbers, transfers totaled
l80470 shares compared with 1860
last Saturday. 1t was the best two
hour volume since June IA.
Pepsi-Cola was the liveliest per-
former with an aggregate of 27,7O0
shares or nearly II of the entire
days dealings. The stock, which
came on the big board" Tuesday in
the place Of Loft as result of the
recent merger, jumped 2is points to
a new nigh at 263s. Canada Dry
also touched new top for the year
Interest in these stocks was thought
due in part to the lower-than-
looked-for excise tax recommended
by the House Ways and Means Com
| mittee for bottled soft drinks.
Atlantic Gulf e. West Indies COM
mon and preferred went into new
high ground for 1941. On the up
side also were United States steel,
Bethlehem. American Telephone,
Pennsylvania, Great Northern, Bath
Iron Works, New York Shipbuilding
Boeing, Montgomery Ward, Ana
conda and United States Rubber.
Chrysler Is Unchanged.
Chrysler was unchanged and Cen
eral Motors off 4. These still were
handicapped by prospects of sharp
curtailment of normal output due
to heavy defense orders. Westing-
house also slipped. along with Con-
solidated Edison. Standard Oil of
New jersey and Southern Railway.
A trif1e higher in a listless curb
were Creole Petroleum, Bell Air
craft and Cities Service. Lower
were Aluminium of America, Glen
Alden Coal and Columbia Oil &
Gas. Turnover here was around
$4,000 shares, or about the same as
that of the previous Saturday.
In the main stock department
trends were irregularly downward
Monday and Tuesday with buying
timidity blamed largely on confus-
ing claims and counter-claims of
the Hitler-Stalin forces, fears of
growing governmental industrial
controls and tax clouds. Prices re-
vived Wednesday as war dispatches
failed to bring out any real selling.
Short covering and modest invest
ment purchases brought another
small average advance Thursday
without the aid of important hap
penings either a. home or abroad.