Show Gains Simmer Down to Fractions in Late Market WAR SPUR ADVA I By ny VICTOR EUBANK Associated Press Financial ivr NEW YORK Dec n ii r stock market took a step sten lor under guidance guidance of the stee tees but nef slipped Dipped back I when the going got hard Gains in leading Industrials industrial rails generally were Whittled to small fractions as th the lint lint- upturn ran into opposition A i losses were scattered fa in th the Ii I British and Greek successes business ness news at home I andI and position among traders the was due for a technical con com CoBs were cited as influences i iff early flurry of buying 1 Transactions increased J advance making a o tI about shares for the S II United Et States Steel and B hem each got up more Qi point then yielded gain part of n Fractionally to around i t j I higher most of the time timet I American rican Can Eastman Do Dot Doi Goodyear Santa Fe Great N Nc em ern Youngstown She Sheet t A r Telephone and Phelps J. J I. I Case General Motors Sears Roebuck were alno amoni among losers Union Pacific in a al' al market dropped more than Bath Iron Works a recent building favorite jumped r t than a point in the curb list listl ing ahead also were American Electric American Cy Ca B and Sherwin Willia Williams j From a near-by near trading trading-t point brokers emphasized thel year end tax selling was If lea Iea t many mar market et followers had bad c K ed upon Nevertheless the tIe f fit fic recorded some evidence of end tax liquidation such isale j i sale of shares of common at 1 m I 1 |