Evening star., 1947-01-05
Selected Issues Gain
Further in Quiet
Stock Market
BY Victor Eubonk
Assoeioied Press Finonee Editor

NEW YORK, Jan. 4.-Stocks to-
day ended a slightly irregular week
Nth most market leaders achiev-
ing modest advances while many
pivotals continued to doze in the
losing column.
In the final session, as from Mon
day on, a little reinvestment pur-
chasing propped individual issues.
Some buying was credited to the
hope that a January rally would
eventuate. 1t was recalled that in
the initial 1916 month the list hit
q series of 15-year highs. Num-
erous customers again held aloof
or trimmed holdings pending a
clearer labor picture, the Presidents
message, Congressional develop
ments are more definite clues as
to business trends.
Ticker Tape IdIes.
From the start of the short pro-
ceedings dealings were among the
slowest of the past year. The ticker
tape frequently was at standstill.
Advances of fractions to a point or
SO predominated at the close.
Transfers of 100000 shares COM
pared with $4,000 a week ago and
Gere the smallest since October 26.
For the five sessions the aggregate
was 5,157,190 shares against 5,119,-
S42 in the preceding short week.
The Associated Press 60-stock
composite was up i of a point at
66 but for the week showed a net
loss of g. 1t was the narrowest
market since Nov. 16, only 686 is
sues appearing. OF these, 354 rose,
166 fell and 166 were unchanged.
Schenley, recently at a low for
q year, today was up a point at
Sis; Transcontinental g. Western
Air IL at %, Eastman Kodak at
226, j. C. Penney l at 461a, Douglas
Aircraft at rs, North American
~ at 315s and American Smelling
! at 561z.
Lesser gains were retained by
Santa Fe, New York Central, Re
public Steel, United States Rubber,
American Airlines, American Water
Works, Public Service of New Jer-
sey, International Nickel, Texas Co.,
General Electric and Westinghouse.
Du -Pont was off 2A at 1857 on
100 shares sold just before the clos
ing gong. United States Gypsum
yielded "a at 80. Lower were
Southern Pacific, United States
Steel, Chrysler, Goodrich, Wool
worth, Boeing and Union Carbide.
Bonds did little either way, ex-
cept American Telephone 234s
which were traded heavily on the
upside.
Improve on Curb.
Forward curb leaners included
Atlas Plywood. Barium Steel, North
American Light, Scovill Mfg. and
Solar Aircraft. Turnover here was
100000 shares versus 10000 last
Saturday.
The Big Board shuffled over an
uneven path Monday on volume of
100000 shares with replacement
purchasing tending to offset ''cash"
sales for income tax purposes. The
market finished the year Tuesday
with an irregular comeback ap-
parently inspired partly by the
White House declaration of the end
of hostilities involving elimination
of many Government controls. The
days aggregate of 100000 shares
was the top of the week and the
largest since Dec. 9.
Thursdays session suffered al
spill in the final hour but total
transfers of 100000 shares were
low for a full day since August 20
last. A drop of 45s points for Schen-
ley was a depressing factor. The
drift was indefinite Friday with
$50 1000 shares recorded. Liquors had
to contend with doubts regarding
consumer buying during the in
term before the July Federal tax
cut on alcoholic beverages.