Show V I 4 I f END EN ENT OF ACCOUNTS CAUSES IRREGULAR TREND IN WALL STREET a Final Fial Quotations Show Long List Of Gains Despite Downward Trend In Late Dealings Trading H Heavy av American Smelting One of Spectacular Features of bf Session Soaring Sag 13 2 Points to New High of Cerro de Pasco Paco and ad Anaconda Improve Drops 2 Points By CLAUDE LAUDE A. A JAGGER Associated P Press Financial Editor NEW YO YORK RK Dec 29 AP Extensive AP heavy hevy weekend readjustment readjust mint ment of speculative accounts account turned the course oure of prices irregular i ir in today today's market after an early sarly erly outburst of strength had carried mol more than a se score issues to to new high records Although many of the p popular pop pop- P Pular ular industrials closed 1 to 4 points lower final quotations also dis closed a long list of net gains sains some of which ran can from 3 to 2 1312 points 0 Trading was unusually heavy for fora a half holiday session total sales aggregating shares S 89 swift was the inrush of orders that the ticker fell half an hour behind the market In the last hour the usual last minute rush delaying tho printing of the final quotation until two fifty minutes minutes' after the closing gong had sounded There was no call money market today as Fridays Friday's rate always bar i rles over until Monday It would not be surprising in banking circles circles- it if call money turned easier on Monday Monday Mon Mon- day because Tuesday being a holt boll dayS day banks will not be required to tomake tomake make their semiweekly adjustments at the federal reserve bank until Wednesday Continued firmness o of time money Is a source of concern in ill many banking and speculative quarters Further advances in copper and brass prices the former now being quoted at 16 2 2 1 cents a pound for domestic delivery were the only important trade developments of the tho day Another series of annual je- je e- e views and forecasts made their ap and most of them wera optimistic in character American Smelting was one of the spectacular features of the days day's trading soaring 13 2 2 1 points to a anew new high record at 2921 1 Cerro de do Pasco advanced 1 8 13 34 points anti and Anaconda and Chile improved fractionally fractionally frac frac- but and Greene Greeno Cananea yielded 2 and 2 8 7 points respectively General Electric touched another new high record at and then eased to 7 8 up C 5 Among the tho many other industrial Issues to tell at new peak prices were Savage Arms Chicago Pneumatic Tool Mohawk Carpet Spicer Manufacturing turing American Foreign Power Electric Power an ang Light Johns Johns- Manville General American Tank St. St Joseph Lead Youngstown Sheet and Tube and Safeway Stores Selling for the purpose of establishing lishing Income tax losses was practically negligible although this was the last day in which such sales salM could be cleared in the ordinary manner Any tax selling on Mon Monday day must be for cash as ordinary transactions that day will not bo ho cleared until the first business day of the new year Selling pressure Jn in today's market mar ket was particularly effective against Case Threshing which broke 8 points and Allied Chemical Goodyear and Vanadium teel of off 4 to 5 51 2 12 points General Motors Montgomery Ward tadio American Can and Sears Roebuck declined 1 to 4 points Establishment of new high records rec rec- by Chesapeake Ohio anti and New Ne' Haven featured the trading In railroad shares Union Pacific also stood out with a gain of 4 points Foreign exchange trading was quiet with fluctuations narrow and irregular Sterling cables ruled slightly lower around 1 |