Show STOCKS DULL DULLIN IN SHORT DAY List Changes Little During First Week of 1935 News Favorable By ELMER C. C United frets Financial Editor NEW YORK Jan Stocks Stock were dull in the short session Saturday with prices irregular in a narrow range S. S Best gains were made by tile We issues Automobile issues were active and firm Utilities were stead stead- i ier cr Rails failed to push ahead after Fridays Friday's rise but they held their own Several special Issues made good gains Among the mercantile Issues to tomake tomake make wide gains new highs were made by Interstate Department Stores preferred at 82 2 1 up 4 2 1 and S. S H H. Kress 67 up 2 1 12 The Fair preferred dropped 8 points to 63 and Woolworth lost fractionally to 53 5 58 Woolworth's sales for tor December De Dr cember reported Saturday were up 69 per cent over December 1933 a poorer showing than the percentage gain for the full year of 8 per cent Score Small Gains Small gains were made by U. U S. S Steel U. U S. S Smelting United Corporation Corporation Corpo Corpo- ration Westinghouse Electric Western West West- em ern Union American Telephone Johns Manville Celanese Electric Boat Rapid Transit and Manhattan Railway Simms Petroleum Pe Fe- rose more than a point but other oils were in a a. narrow range Stocks closed strong some leading Issues rallying in the last few min minutes minutes utes of trading U U. S. S Steel closed at 39 1 18 up 4 3 American Tel Telephone bhone 2 1 up 5 8 5 American Can un unchanged changed General Motors 34 up 4 1 U. U S. S up 1 and Chrysler Chrys ler 42 1 4 up 3 34 List Changes Little The Tue stock market et was practically unchanged Jn in the first week of the new year as compared with the last Saturday in December Bonds how however ever advanced sharply with the average at a new top since 1931 Corn Com Commodities made new highs in the in in- dex Business meanwhile made a less than Steel operations operations opera opera- reversed the usual performance at this time and rose 11 per cent on the first day of the year Car Carload Carload- load loadings ings declined seasonally Electricity output made a much smaller than usual decline Approach of the automobile abow stimulated predictions for lor the future of that industry The 1935 tion no now getting into full fiU swing is is expected to be the best since 1929 when more than cars and tucks trucks were produced High grade motor shares did little but the low grades were higher in active turn turp- over The marked operations of professional poles poles- traders turned to issues that were expected to benefit front from gov government gov- gov aid Farm income reported at above 1933 was expected ox- ox peeled to aid sales of farm equipment and fertilizer in the present year President message to congress delivered Friday afternoon was received in the street calmly The market picked up for a few minutes min mm- utes with the railroad shares lead ing Reach Beach New American Can and Continental Can each made new highs high the former a anew anew new high since 1931 Tobacco issues were in good demand on hopes for increased dividends Oils had a p pe period nod of firmness but closed the week about unchanged Standard of New Jersey declared a dividend of stock of one of its companies which will amount to around 40 cents cents a share Silver mining issues were carried higher early in the week on the belief belief be be- lief congress immediately would enact enact en en- act inflationary legislation |