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Show STOCKS MEET SUPPORT AFTER SLUMPS OF 1 TO 9 POINTS ' PART OF LOSSES VOIDEDAT CLOSE By ELMER C, WAJLZEB ' "fulUd rim rinansir Edrtar ; NEW TORK, Nov. U Stocks met support Monday after a 1 to point dtp led by United States Steal which mad a new 1MT low at BO. Part of the decline was restored, but voluma dwindled and there waa do sHspoat-tion sHspoat-tion to follow the recovery. Bonda were depressed moderately. Grains eased. Cotton waa steady. Selling ia stocks waa heavy for tlma when steel and many ether issues want to new Iowa for the year or longer. On the basis of the closlnk Dow-Jones averages, the UK waa in new tow ground since mid 193ft. but the Industrial averag bald above Its' Intra day low touched on October 1 at MM. This encouraged encour-aged trader and moderata support developed. Business nawi was adverse to th market Steel operations fall 144 per cent to II per cant of capacity, the lowest sine December 1, 1M4. It waa the tanth consecutive weekly decline and left th rat at Was than one-third of th year's high. Bank debit for the week ended November IT In leading eltiee eh owed a decline of IS per cant from ISM. On th favorabl aid were record October cigarette production; 1J point gain In steel operation at Chicago, action of Goodyear strlk-srs strlk-srs In accepting a settlement plan, and evacuation of Pontine General Motor plant by sit-down strikers. Among stock to hit now low war Allied Chemical lis, off ; American Smelting 41, off IK: Case So, off S; Du Pont 104, oft 4 St: International Hal-roster B4V4, off 4; Loew' 44, off 1: Bears Roebuck 61, off S, and Union Carbide tlK, off IK points. These Issues cam back from th low but toward th clot slipped oft again. |