Evening star., 1947-04-06
Stock Market Quiet
And Slightly Uneven
After Losing Week
By Victor Eubonk
Assoeiatsd Press Finaneial Writer

a ttSoStofed ffess finoncioi Wrfsf
NEW YORK, April 5.-The stock
market today emerged from a gen.
orally losing week with mild irregu-
larity persisting and dealings the
slowest in going on three years.
Professionals accounted for vir-
tually all Of the meager volume.
Boardrooms were almost deserted by
customers who elected to stretch
the Good Friday holiday over a long
week end.
Trends were indefinite from the
start and leaders well jumbled at
the close. Transfers Of 70,000
shares were a low since July 90,
1914. They compared with 100000
IN the preceding short stretch.
The aggregate of 3,120,490 for the
Ave sessions, against 4, Al, 500 in the
previous 6-day week, was the small
est for any similar period since that
ended october IA, 1914.
l Some Buying Appears.
/ In the final Saturday proceedings,
rs throughout the week. little buy
ing was credited to the belief that
the recent drying up of liquidation
indicated the list was in shape to
recover If the news warranted. From
Monday on, however, accounts were
trimmed by those who were bear1sh
over taxes, business, foreign affairs,
the threatened telephone strike and
soft coal situation.
The Associated Press 60-stock
composite was unchanged at 65.1
but showed net loss of 6 for the
week. It was the narrowest market
since October 19 last, only 668 issues
registering. OF these 283 fell and
z03 rose.
Among the days gamers Bethle-
hem was up 20 at 81. Goodrich q
at 64A, American Telephone u at
1651z and American Can l at SO.
Improved were United States Steel,
Republic Steel, Southern Railway,
chesapeake g. Ohio. New York Gen.
4ral, Anaconda, North American,
Standard Oil of New Jersey and
United Aircraft.
United States Gypsum yielded IL
at 100, Goodyear Il at 541z, Sears
Roebuck "a at 35as and J. I. Case
u at SO. Minor declines were recorded
for Youngstown Sheet, General
Motors, Western Union "a" South
srn Pacific, Great Northern Rail-
way, General Electric, Du Pont,
Kennecott and Philip Morris.
In a slim curb Gorham Mfg and
lie Tourneau edged upward. Slip
ping tendencies were displayed by
Middle West Corp, Pacific Can and
Solar Aircraft. The turnover here
was 10000 shares, same as last Sat-
urday. Bonds followed narrow
area. The cotton exchange was
American Airlines Active.
American AirIines was the most
active stock on the Big Board dur
ing the week and was up 4 at IL.
American Woolen, the second live
hest performer, was off 6A points
at 34H, rejecting doubts regarding
mill suspensions and other factors
in this industry.
The list was off a Of point on
average Monday, widest dip of the
week, with 10000 shares changing
hands. Both American Woolen
common and preferred were weak.
Schenley stumbled on reports some
distilleries were closing. Pullman
advanced as the Supreme Court ap-
proved the sale of the concerns
sleeping car business to the rail-
roads. For the month of March
the average was down IL points and
volume of 19.336.900 shares mini
mum for any month since July,
1945.
The market was up a shade on
balance Tuesday with aviations,
steels and motors reviving. although
minus signs actually predominated.
Air lines were buoyed by good earn
ings and increased passenger fares.
Dealings held at 10000 shares. The
averages were unchanged Wednes-
day with activity dwindling to $780,
600 shares. Pere Marquette common
and preferred climbed as the ICC
iapproved the merger of this road
with Chesapeake g. Ohio.
Volume remained at $50 900
shares Thursday with recessions we'll
in the majority as professionals ad-
justed commitments in preparation
for the holiday. Word that 518 coal
mines would be kept closed by the
Government because of dangerous