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Show LEADING STOCKS LANGUISH AT MODERATELY LOWER LEVELS CLOSING PRICES ARE IRREGULAR By VICTOE EUBANK AuodaOed Pre Financial Editor NEW YORK. Jan. It While a faw stocks In moat department! managed to glva a (airly good account ac-count of themselre Monday, market mar-ket leaders generally languiahed at moderator lower level. With the ticker tape crawling during the greater part ( the proceedings, pro-ceedings, tranafart approximated tM.OOO aharaa. About the beat that could be aaid of closing price wat that they were abad. Irregular. Profit taking en Saturday', run up waa In evidence front the elart. Revival of apeoulativo timidity, broken tuggaated, waa dua partly to tha desire to await mora light on tha leanings of congress la tha spending controversy and stronger indications the! business wanld re sums the upswing la the next snoot or so, CVkkUst rtctora Than, toe, a somawrtat cloudier foreign picture was seen aa an intervening in-tervening Influence, with a renewal of tha Italo-French quarrel and sign the Bpajilaa civil war wat reaching a crisis. Official eatlmat of a 1-polnt ad vane in this week's steel salll operations op-erations failed to buoy toe aujorlty of the teU. utilitie were givaa an upward rids In the forenoon, but moat lost climbing power when the aupreme court adjourned without with-out paaaing on the T V A eoitatl-tutlonallty eoitatl-tutlonallty eat. Among resistant atoclu were North America, Consolidated Edl-aon, Edl-aon, Betijlehem Steel, General Motors, Mo-tors, Goodrich. General Tire, Montrornery Mont-rornery Ward, Douglas Aire reft. Sparry, U. I. Gypsum, Owena-IUi-noi, Celanaaa, Amaricaa- Bmaltlng and Texaa corporation. Backward ware U. S. Stttl, Amer-lean Amer-lean Tektpnone, Chrysler, Great Northern, Boulhern Railway, Wast-Inghouaa, Wast-Inghouaa, General Klectric, Phalpe Dodge and Du Pont. Bonda llBevea Bonds were uneven, as were commodities. com-modities. Whaat at Chicago waa up 1-4 ta 8-8 ef a cent a bushel and corn 1-8 to 1-1 of a cent batter. Cotton noar mldafternoon waa eft 18 to 88 cents a bale. Sterling In late transactions waa dowa 8-18 of a caat at 84 87 T-18. The French I frane waa JM 1-8 of a eeat ahead at 1.84 cento Bupportsd la the curb were American Amer-ican das, Lockheed, atlas Service and N. J. Zinc Electrlo Bend A Share wavered, as did Amerioaa Ufht A Traction. Offer! nc ef Transamariea vera well taken aa the 8 B C begaa hear-Ing hear-Ing oa It erder for the eompaay t. show cause why Ita ahara should not be delisted from to Ntw York Stock exchange. BuildtBts Materials Up Bom sulldlnf material aharaa attracted (ntnds on forcata volume vol-ume of residential construction la 13 promised to bold . the rising trend evidenced lait year. Rubbar company laauee ' commanded com-manded attention as the belief wss expressed by observer la this field thst consumption la th first quarter quar-ter might top tha final 188 quarter quar-ter by about 4000 ton. The December Decem-ber quarter waa 80 par cent ahead of the same 1B3T period. Ward's reports sounded aa ea-couraging ea-couraging Bote for follower ef the motor stocks. This a.rvlc said the reduction this month la General Motors and Chrysler achadul would not afreet th January aati-mats aati-mats of 826,000 aaeemblies far all manufacturer. Beaa Steal "Seu-ray Market analysts seaniMd the survey sur-vey of th magaaine "Steel," which ' said "Improvement la steel inquiries in-quiries ts alow to. be translated lata orders." Ths review added: SpMincatlona srs slightly heavier In moat directions, direc-tions, but buying hesitancy oom-mon oom-mon to early days ef a new year is atill appartnt Neverthelaae, various vari-ous factors point to sustained or rising business during coming weeks. "Substantial tonnagaa af building build-ing steel are ea books and la prospect pros-pect Railroads are becomina mod- trataly more active ta rail and equipment markets. Automotive operation op-eration are wall maintained (or this i period. Tin plats demand la commencing to expand. Bvaasa NEW TORK. Jsa. la (API Crude rttk-btr rttk-btr lulurtt cloord unchtnsod to 1 points kiwtr: Morrh. ia.031405c stty, lft-tt IStAc. July. 15 94 0 IS B5c. Smotod rlbbtd tpot. 14.00c. ooosutej. |