OCR Text |
Show STOCKS DIP AND RALLY FREQUENTLY TO END DAY LOWER RAIL COMEBACK FADESAT CLOSE By VICTOR EfBANK Aaaoriatrfl Press. Financial Editor NFW YORK. Dec 10 Stock tarval in Friday' market and mot leader ended on a declining trend. A briak upturn in th. raila around noon heartened th. liat appreciably apprecia-bly and early lease running to S point were reduced or canceled. Th. comeback waa brief and another an-other alip in th. final hour put a wid. assortment of recent favorite down aa much aa 2 or mora. Carriers whirled upward following follow-ing remark of President Roosevelt Roose-velt emphasising th. Importance of a quick solution of th. railway financial problem. Help waa also given by a mora than seasonal irt-craaa. irt-craaa. in last week'a freight loadings. load-ings. Carrier Breed. Th. transportation department subsequently gave ground when th. interstate commerc. commission overruled the petition ot th. road for an immediate IS par cant kooat im ela.a i aaaataa aw aha IT .sal llsa rT a TYY TaTT Tyr"rYT"r"aj sjaavai " essxxas-"" ssaa.esasspai bbbsb. -ssbbwbsi th. plea for a permanent hoist in rates, however, continued. Dealing wer. comparatively quiet Transfers approximated 1.-000.000 1.-000.000 shares. Rail bonds, rather buoyant at on. time, skidded with stocks at th. finish. Commodities wer. uneven. Wheat at Chicago waa off to 7-8 of a cent a bushel, and corn waa unchanged to up -8. About unchanged to off a shade were Santa Fe, Pennsylvania, South-, ern Pacific, Great Northern, Northern North-ern Pacific, Baltimor. st Ohio, Chesapeake Ches-apeake at Ohio, Pullman, Union Pacific Pa-cific and Atlantic Coast Line. Many Issue. Los. Inclined to slid more precipitately precipitate-ly wer. American Can, Allied Chemical, Chem-ical, Texaa Corporation, Philip Morns. Mor-ns. Eastman Kodak, Owens-Illinois, Allia Chalmers, Lone Star Cement, Chrysler, Inland Steel, SlOM-Shef-field, Montgomery Ward, J. I. Case, , American Smelting and U. 8. Smelting. Smelt-ing. Holding to a restricted range war General Motors, U. 8. Steel, Wool-worth, Wool-worth, American Telephone, Anaconda Ana-conda and Dougla Aircraft Bethlehem Steel was on th losing and the greater part of th. day notwithstanding action of th. director di-rector after th clos. Thursday hi voting a $1 dividend, thus bringing payments for th. year to data to iS a common share. Steels wer. confronted witk Via report of th. U. S. Steel corporation showing November shipments of finished product ewere off aharply from October, but for th. 11 months a substantial gain was recorded over 1938. The decrease from October waa also considerably less than th. drop from September. |