Show I STOCKS BREAK I IN FINAL HOUR By EI ELMER EIMER IER C. C v AR United Presa Staff Staf Correspondent NEW NEV YORK Dec 2 Prices broke roke one to m more re than three tree points In Inan n an active last hour on the stock exchange Monday after aCter the list had moved n In a narrow range with wih volume the s smallest since October 9 In the first four tour hours There Tere was no news to account forth for forth forthe th the break break Traders Trader dumped holdings hold in ings s however when the tho market I failed to show recuperative powers as it had recently when a moderate reaction occurred Some short sellIng sellIng sell sell- sel Ing helped the tho decline along and for a time the te tickers were unable to keep pace It n was si significant that the break came on publication of or a United Press cable from London announcing announcing cing heavy new financing by the tho British government The new Issues is issues Is- Is sues total pounds sterling sterling- and an issue of pounds sterling was called cled for redemption The Tho entire financing operation totals to to tl around and some of oC it it It according to London reports report was to be used for fot de defense nse purposes Despite the war interpretation placed on the British Brish financing announcement an an- an traders sold war babies bable as well wel as other shares shares Bethlehem Betlehem Steel Stee lost nearly a point point while Du Pont was off ol two points point from tram Its It high and off oc a point net Recent favorites were hardest hit hit American Telephone which last week mado made a a new year four-year high was down nearly four points point Westinghouse West West- Electric lost more mor than three points So did Monsanto Chemical J. J C. C Penney Chrysler Air Reduction American Can Ca Western Western West West- em ern Union A long list of at others were forced down two points or more Some short covering just before the close cose restored some of oC the losses Trading quieted in inthe the tho last few minutes and the general genera list was wa steadier |