Show UTILITIES TAKE LEAD IN DECLINE NEW YORK June 8 P JP i Utilities led ed a downward movement on the curb market Wednesday Offerings were verc relatively small but support was absent and the market closed around the lows Iowa Prices were heavy before noon but developed a more distinct droop in the latter alter trading when power and light issues became especially soft soH With the exception of Gulf which lost ost more than a point oils were sluggish sluggish sluggish slug slug- gish and inclined to be steady Crude output rose barrels last week while gasoline stocks were dropped barrels There has recently been jeen evidence that wholesale sale gasoline gasoline gaso- gaso line ine prices were on the way to another another another an an- other advance especially in eastern territory Buying has probably been stimulated by the imminence of ot the federal tax A number of specialties were still sUll subject to thin markets Babcock Wilcox had a sharp dip while Great Atlantic Pacific jumped 5 points in its first sale Swift International and Swift Co worked lower during the forenoon both issues figuring in moderately large turnovers The former former former for for- mer shares lost Jost more than a point In general the range of ot industrials was very narrow |