Show STOCKS EASE IN SLOW DAY NEW YORK Feb G The The creeping decline continued on the thc stock exchange ex cx- change Wednesday Declines of fractions frac to a point were sufficient to send the Jones Dow industrial average aver age to a new low for the year th the rail average to a new low since 1033 1933 and the utility average to a new low since 1932 Lack of demand rather than sell Ing pressure accounted for the decline de dine cline the same as in recent sessions Traders were remaining out of tho market until alter after the supreme court announces Its decision on the gold clause case Among the railroad stocks to make mako new lows for the last vear or nr were Atchison Delaware Hudson New York Central Pennsylvania Southern Pacific Southern Railway Texas Missouri preferred arid and Illinois Central Union Pacific lost 2 points to DC 00 1 12 Losses Loes in the others oth ers ranged from fractions to 2 points American Telephone was dei de pressed to oIL off 1 1 4 points communications sagged and the tho utility util ity list was fractionally lower The utility average came within 16 point of the record low made In 1932 General Cigar lost nearly 4 points and declines of a point or so v cro noted in Lot Lof Glass Radio preferred B and Studebaker preferred Steel shares were down fractionally as were oils coppers some of the t to aviation shares and special issues Silvers were firm for a time 11 U.- U. S S. S Smelting touched Ill up 2 points point and then cased Alaska Juneau made madea a new low for the year lit at 16 2 1 oft off 2 1 and then regained part of the decline while others were firm with Homestake up tIp 3 points at The latter declared the usual extra divi dividend of 2 a share American Can was among the issues is sues to show a small gain A lear few other issues either cither held at the previous pro pre close or made small gains |