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Show NEW YORK STOCK MARKET DRIFTS LOWER IN LIGHT TRADING BUSINESS-AID MOVESJ'AITED By ELMEB C WALZES ' Vnte4 Prasa FlnMoiaJ Editor NEW YORK, Dae. J Blocks drifted lower Wednesday In Lhs Net lossea wars small. Traders 'took to ths sideline pending outcome of administration efforts to aid business. Short were reticent about placing new lines la fear that some auddsa favorabl development might send the market mar-ket sharply higher. Longs held off for a mora definite lndioatioa of trend. Adverse news Included tha first year to year decline in electricity output sine October, 1M4, Indication Indica-tion of another drop la car loadings load-ings and a dip In price of domestic copper. Tha Iron Age weekly steel summary sum-mary contained both favorabl and unfavorable Items. Consumers, it was said, might hold off In anticipation antici-pation of lower prices, but the publication pub-lication noted the possibility that decline la Ingot production bat been checked. Steel share war down fractions to mors than a point TJ. ft. Steel common touched 50, fell t M, off 1H net, and moved narrowly around ths low. Bethlehem, Youngstowa Sheet and Tube, Republic and Crucible Cru-cible lost fractionally. Rubber shares eased, but loess were generally tea than a point. Chrysler slipped back more than a point. General Motor lost nearly a point an the day. Most railroad share registered loess. Farm equipments drifted down. Utilities gave ground grudgingly. grudg-ingly. Chemical eased. J. C. Penney Pen-ney lost 1 point. Lone Star Cement Ce-ment dipped a point and U. S. Gypsum Gyp-sum lost mors than 1. A decline la copper metal brought selling Into copper share. Losaas ranged to more than 1 point In American Smelting. Gold mining iasuss war firm, with Homestak Mining 61. up Itt. and Mclntyr Porcupine I7H, op a. N. Y. Bank Stocks waW YORK. Dae. 1 API Potlowlevf are W4 an Baked quotation, feretatied tythe New Tork eerurtlr dealers on New rork bank and tniet eompanr atoeka trade Wadneedap Mi aa streets! counter wkela : BANK AKP TRUST I U4 Aake Bank of Mankstlaa . .1 22 S 34 " Bank.r, Tru.t 47 S 494J Central Hanover (J A T (4 f( Cheae National 60S 32 Vf rhemleal B a T . .... 41 43 Continental f 4 ... IIS Ji Ouarant, Truat . 130 S3 5 Irvlns Truat 11 13 ManuTae lurara Tisat .. 36 37 National Cltr 3S 34 S INSURANCE Aetna Inauraaaa 411 43 A.in. (jr. . ... titt h Baltimara AsaaxtAwS .. 6 . Carolina . J.9S ' Vt Fnuiklla Fire SVt - If Horn. Ineuranee ..... SSS 7 National Llkartp 4 74. U FW 44 44 |