Salt Lake Telegram | 1941-01-15 | Page 18 | Selling Total Hits Low Mark

SELLING TOTAL HITS LOW MARK Br VICTOR El BANK A Mociated Tress Financial Editor NKW YORK, Jai. 15 Most stacks were marki'd down fractions frac-tions to around 2 oints Wednes-df Wednes-df y in extension of a sluggish de-cl de-cl ne from the recent new year upswing. The market seimed to give ground mainly frnn lack of buy-in buy-in j support rather han important sr. ling. Transaction", approximating approximat-ing 400.000 shares. ,ere the smallest small-est In three months Selective demnnri for Individual Is- ues again was r irlont In scattered scat-tered gains and ne 1940-41 peaks, chiefly among prefrr?d stocks. Ci immodities I neve I The rising trend of basic eom-m eom-m idity prices since large-scale defense- expenditures liegan to dominate domi-nate industrial conditions was spotlighted anew h , a steep upturn up-turn in hogs. Commodities on th w hole were uneven, but an undertone under-tone of strength a noticeable In vnrlous markets binrflting from eviiansloii of urban buying power. Among the morn conspicuous loiers were Union Pacific, International Inter-national Business Machines. Doug-lai Doug-lai Aircraft. Du Ponl, Inland Steel. Ct rysler, Kennecott Standard Oil of New Jersey, Savage Arms and G neral Motors. :p fractions to more than point most of the day were U. S. In iustrial Alcohol, A,merican Sugar Rf fining preferred Consolidated Ci far and Associat 'd Dry Goods seiond preferred. In the curb smal declines embraced em-braced American Gi A Electric, Creole Petroleum. (Julf Oil and Shtrwin Williams. Benson fc Ilddges fell -3 on an odd-lot sale. Triders Eye f'ongreit Many share traiieri avoided buy-ln, buy-ln, in the belief the temporary trt nd, at least, was ower on a read re-ad ion from the preceding advance. The aid-Britain figr t in congress, prospects of higher taxes and the qu'stion what big move might come next in Europe were rated an ong the influeires keeping sprulation in check. liespile record o- near-record production in varirtis industries, ms nufacturers still had a mounts moun-ts iious pile of unfilled orders. 'he "Iron Age" siid nearly all ste? companies er; sold out for thr remainder of th first quarter and that orders rolling in now mostly were for second and third quf rter delivery. . I rokers watched continuation of "oer-the-counter" liuidation of substantial blocks of listed securities, securi-ties, largely reported coming from Bri ish holdings. S lling of the Bri uh-owned shares was expected to i;o on for some tine.