Show Strong S Specialties Win Fa Favor or in Languid Post Holiday Holida Market WAR BULLETINS GIVE SOME SOMEI SOME HOPE By VICTOR EUBANK Associated Press Pres Financial Editor Edior j NEW YORK July 5 hol 5 Post Post-holl day languor gripped most parts part ot of Saturdays Saturday's stock market although a few strong specialties helped buoy speculative spirits j Many Wall Wal Streeters gave the financial sector a wide berth but those who appeared seemed a a shade more bullish than other 1 wise While war news from the Russian German-Russian front still sti was ofa of ofa a confusing contusing character brokers brokers' said word the were put put put-I j ting up greater resistance to the nazi push than had been expected tended to inspire a little optimism among commission house custom- custom ers Handicapping sentiment however how how- ever was the thought that busl- busl usual ness now is out of thel window as the result of defense requirements and the effect of die dis locations on a host of small sized sized smal-sized corporations it I was feared might not be so pleasing to stockholders stockholder j jIn In the matter ot of o the forthcoming tax bill it bi was suggested that Security se security security se- se prices in many instances had done considerable discounting j The share division got off of to a 11 hesitant start and for the majority major major- Ity fy of leaders price changes either way were insignificant at the con con- J elusion of the two-hour two proceed ings Volume Vollme picked up at intervals inter Inter j vals and transfers approximated shares Pepsi-Cola Pepsi was the star specialty performer getting up about 2 points to a new high Decision of the house ways and means com com- to recommend an excise excie t tax of only 6 1 of a cent a bottle botte on soft drinks was believed to have been one element in this stocks stock's upswing Atlantic Gulf Gul West Indies common and preferred moved up to a new top for 1941 Ahead th the greater part of the session We Were U. U S. S Steel Allied Aled Chemical Union Carbide Bath Iron Works Texas Texa Corp Pennsylvania Southern Pa Pacific Pa-i Pa Western Union American Smelting Du Pont Union Carbide and Public Service Serie of N. N J. J 1 General Motors and again were in the drifting class clas clas both lingering around their lows for the year These continued to reflect prospects for sharp cur cur of normal automotive output out out- put due to heavy armament orders order Mild Mid upward tendencies in the curb were shown by Creole Petro Petro 3 etro leum American C Cy Cyanamid Bt wood Phoenix Securities and Atlas BI Ply |