Show STOCKS DROP IN SHORT DAY OAY Losses Range From Fractions to 1 and 2 Points Few Few- Issues Advance 4 By fly ELMER C. C United Press Financial Editor Stocka NEW YORK Dec 8 Stocks ed edin in Saturdays short session action with volume small Some losses amounted to o 1 or 2 points but in a majority of instances they were fractional A Afew few ew issues closed higher and stocks locks made new highs for the year Allied Chemical sustained the widest wid widest est loss in the active list It touched 34 off 3 points and then rallied rarned partially Declines of a point or more were noted in U. U S S. Gypsum American Sugar Refining Cerro de dePasco Pasco asco and Owen Illinois Glass United States Steel dipped Nearly a point and small losses were made by Atchison Chrysler General Moors Mo Motors tors ors General Electric International Harvester Harvester- Johns Manvill Montgomery cry ery Ward National Distillers West West- Electric and Woolworth Makes New h Hahn preferred made a at 55 2 2 1 and International up Bull Busi Business ness Bess Machines crossed its 1934 sell at 1 4 up 1 1 U. U S. S issues were strong and rubbers gen made small gains Evans Prod Products rose more than a point and so did Burns Brothers preferred Frac Fractional rae gains were made by Loews Loew's International Nickel Case American Can and Du Pont Utilities held their while own rails rail were easier Union Pacific Pacific- losing nearly 2 points on a few sales Amusements Amusements Amuse Amuse- ments added to recent gains Tobaccos cos were about steady Most of the aviation shares improved Building stocks were lower as were steels After the market closed General Motors corporation made its monthly sales report Auto Sales Increase Its November sales to dealers in inthe inthe the United States Slates Canada and overseas overseas over over- seas totaled cars and trucks a gain of per per- percent cent over aver sales of cars in November when the automobile industry was suffering suffer ing from production delays because of ofa a strike For the 11 months to Nov Novem November in a aber ber 30 total sales were cars a rise of ATA per cent over the sales in the corresponding period o of 1934 and the largest total since 1930 At the same time the Automobile Manufacturers association formerly the national automobile chamber of commerce announced the November November Novem Novem- ber production of motor its members members all all leaders iii In the Industry In except Ford Production Gains Production was VaS units t again of 62 percent over the November 1933 total but buta k decline of 18 Tier Tiercent cent from th the October For the first 11 months production was placed at units a gain of 33 per cent over the 1933 output for forthe tile the corresponding period and 29 per percent cent over the output for the corresponding corre- corre period and 29 per the output of units for the full year 1933 Selective buying continued on the stock market during the last week Special issues made wide gains while the main list fluctuated in a narrow range in increased volume Several sessions were active one of them the largest since July 27 Av Aviation Aviation Av- Av issues coppers mercantile stocks and special issues were Recent leaders met taking profit and eased cased Dividend Considered Radio corporation issues featured late in the week Word was passed around the company was considering a dividend on preferred shares and they promptly rose to new highs while the common was heavily traded traded trad trad- ed at rising prices Stocks associated with radio also were strong and ac ac- tive Meanwhile other groups moved noved into new high ground on the movement move move- mont ment only to run into selling late in inthe inthe the week Alcohols were bid up with celebration of the first year of re repeal peal Automobile accessories accessories' were higher on Detroit buying Rubbers gained along with with- autos and equip ments Local tractions sev- sev sev oral eral points but sUpped slipped back when reports of a price set for Brooklyn Brooklyn- Manhattan transit were denied Utilities util Util- utilities eased on the week Copper Shares Rise RiseA A rising market for copper shares was a late feature Demand for the metal abroad together with indications indica indica- Lions a conference here January 15 would result in further curtailment of output was an aid Anaconda Ken Ken- and International Nickel were popular Silver shares firmed finned while Homestake led a rally In the golds Rails had a period cf of strength for fora a time but dipped later News for forthe the carriers was little changed Car Car- loadings made a seasonal decline while earnings were under a year ago because of higher costs Heavier production of steel aided the steel shares Business news continued favorable In addition to another rise in steel operations and the seasonal decline In car loadings the thc street had before It an excellent showing in electricity output and the highest bank clearings clear clearings ings since June Building and automobile automobile auto auto- mobile production gained tail troth trade made made- madea a spurt with some sections reporting the best beat Christmas buying since cince 1929 |