OCR Text |
Show ! AVIATION SHARES ADVANCE IN UNEVEN STOCK MAHY GENERAL LIST TURIISSPOTTY Bjr TICTOB ETJBANK ilsssraste Press flsamraal Edits NEW YORK. Not. S u Air-crafts Air-crafts and a few specialties gave a fair rising performance in Thursday's Thurs-day's stock market, while numerous numer-ous leaders either stood still or backed away under the lightest of selling pressure. j ' The list generally shuffled ever an extremely slim range during the forenoon, with the majority of ups and downs confined to inconsequential in-consequential fractions. Except for one or two brief flurries, flur-ries, dealings were apathetic from the start and occasional efforts to work up a rally usually died out before they really got going. Closing Clos-ing quotations were spotty in virtually vir-tually all departments except the aviations. With prospects for quick passage pas-sage of the arms embargo repeal in the house, aero issues, which stand to benefit almost Immediately Immedi-ately through shipments of planes l touropea.tMlligereskts, tilted forward late in the session, with Glenn Martin and Curttss-Wrtght stepping into new high territory for the year. Other stocks, however, how-ever, were unenthused by the brightening chances for the administration's admin-istration's neutrality measure. Earnings Reports High Individual shares evidently were aided by optimistic earnings and dividend declarations. Pleasing developments de-velopments on the home business front brokers said, failed to inspire in-spire many traders as talk continued con-tinued in boardrooms of a possible let-down In coming weeks. Steels had to contend with the monopoly inquiry, presently having hav-ing to do with metal prices, while motors again were under the Influence In-fluence of the labor stalemate in the Chrysler plants. Among resistant stocks were Boeing. Douglas Aircraft United Aircraft S perry, North American Aviation, Sears Roebuck, Montgomery Mont-gomery Ward, American Telephone, Tele-phone, Consolidated Edison, Great Northern, Twin Coach, Standard Oil of N. J, Anaconda, Union Carbide Car-bide and Eastman Kodak. Unchanged er Lower About unchanged to off as much as a point or so were U. S. Steel, Bethlehem, General Motors, Chrysler, Chrys-ler, American Can, Allied Chemical, Chemi-cal, Johns-Manvtlle, Philip Morris, American Smelting and Westing-house. Westing-house. The bond market held a fairly steady course, with small gains and losses among leaders evenly divided. di-vided. Going into the final hour small gainers Included Armour 4s of '55, Bethlehem Steel 3 Ms and Sits, Goodrich 4 'in International Paper 5s, Nickel Plate 4 Vis, Pennsylvania railroad general 4 Ms of '65, American Ameri-can A Foreign Power 5s and American Amer-ican Waterworks ea. Lower were Western Union 5s of '60, Delaware tt Hudson refunding 4s, Erie 5s and International Hydro Electric 6s. United States arovernmenta tend- ed generally downward, with some i kieaes as wide as liV32nds of a ! point. German, Italian, Japanese, Australian and Canadian loans were backward In the foreign department de-partment CemmexUtiee Uneven A break In silk futures gave the commodity division a ragged appearance. ap-pearance. Wheat at Chicago was up 1-8 to H cent a bushel and corn unchanged to down 44 cent. Cotton, Cot-ton, In late transactions, advanced .25to 50 cents a bale, Lockheed moved up In the curb after forenoon hesitancy. Improved Im-proved also were Gulf Oil, Electric .Bond A Share and Copperwleld SteeL Western Union, on the "big board," exhibited isolated weakness weak-ness following action of the national na-tional labor relations board ordering order-ing disestablishment of the 20-year-old employes' aasociaUon. Rails were not especially disconcerted discon-certed by a drop of around 27,000 cars in last week's freight loadings .from the preceding weeks two-year two-year peak. The recession, while more than seasonal, was in line with forecasts. |