Show To ays ay's Market Prices Minin jT Mining Financial i i and d C i iN I II I I I Commercial News i nf I MIlO SETBACK GK ENDS ENO W WALL ll STREET WEEK NEEK 1 Vigorous Effort to Extend I Rally by Bidding Up Auto p Shares Fails J By Dy CLAUDE A. A JAGGER Associated Press Pret Financial Editor f NEW EW YORK YORI Jan JaL 24 The T f The The Stock f market ended a week of almost steadily stead- stead Uy ily advancing prices Sa Saturday a with a nl setback A vigorous effort cHort to c- c the rally rilly by bidding up the automobile hares was less successful than simi simi- Ju efforts have been in the rail issues LuCs o of ot late cr whatever may be the effects ct a motor competition in the field of transportation tra n. n u. u r r The rho cna pro at the start hu bu but In the l of the to session stiffened with witha a rise rie of ot 1 to t 4 points pit in 1 motor and andI I accessory issues The upturn W was waa I a only used r to liquidate industrials and utilities u however howe and the list closed I Irregularly lower with much of the I advance in the motors lost Rails flails I were quiet and ad steady 1 It U was wa notable that that trading failed to show ow much vitality on the decline i Total sales for the two hour session son were only about shares The Te continued maintenance of ot the improved im Jm- improved im- im proved tone of the bond market maket was wa as regarded as a distinctly favorable SELLING TARGETS Tobaccos were selling targets target in inthe Inthe the th final transactions It I appeared that bears bs selected these thes issues foran for foran foran an attack atteck on the te basis bast of retail cIS- cIS aret price cutting although manufacturers manufacturers' manu manu- I prices pric have ha no not been changed and nd their profits profs may be b Increased by the stimulus to con con- cn- cn American Tobacco B dropped 5 points and ad closed off of 4 net Liggett 6 Myers Issues lost 2 and ad 3 points Allied AUe Chemical again was wa a alde wIde mover dropping doppIng 7 points pits and closing n near ar the bottom Westinghouse Electric Air Ai Reduction Reduction tion to and Co Consolidated Gas Ga lost lot about 2 points pint and issues closing off of a pit point or so 60 included American Waterworks Water- Water works Woolworth Sears Roebuck American Smelting Electric Power and Light Liht Standard of oC New Jersey Jersy Bethlehem Steel Stel Union Carbide and ad Johns Joh Only Onh fractional losses lo were cre shown show by United States Steel Stel Radio RIlo American Can and North American AU AUBURN Un VOLATILE In I the motors Auburn Aubur was wa a n vola vola- tile tHe performer It I san sank 2 points point ral rallied rl- rl ml- ml lied le to show how a n gain ga of more than 4 then lost half hal J its advance ad Such is issues i- i issues is- is sues lUe sues as n Nash Studebaker Studebaker Chrysler and ad ludon Hudson showed temporary gains pis of a point or more but were ere up tp only a little at the finish Gen Gen- n- n cra mi eral Motors was vas fairly active but made raade dc little l le progress Tho The advance in tn the motor group appeared to tn t be b a professional move mo based on reports of bad report moderately satisfactory sat sat- sales es and an expectation of or tin tin- pr with wih the approach of spring Reports from the steel in In- In however er indicate that the seasonal improvement luis has ha been bee par par- taUy checked Operations in the Youngstown area which serves much of f the motor Industry next next week seek are scheduled for about 49 per cent of capacity a gain cain of or only about about pr 1 I point from Irom this weeks week's estimated rate rat pint Wall Vall Wal street placed favorable long lon term tem interpretation on the report from Brunswick Ga that George F P Baker expressed the belief beUer that tat 11 it was vas wa unwise to t go co short of the market at this time tie permitting himself two tuo 2 statements to t the press in a week de despite de de- spite pite lence lenc his h long lons standing pes rule of si silence si- si |