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Show STOCK MARKET RISES AND FALLS TO CLOSE UNEVEN SHARES MEET LATE NJPPORT By VICTOB EUBANK Asnoeiaaeal Frees OTnaoctaJ Editor NEW YORK. Not. 10 Stocks stumbled and steadied at frequent intervals In Friday's market and the best or worst that could be said of closing prices was that they were moderately Irregular. Leaders resumed the retreat at the opening, with many losing fractions to around 2 points. Dealings, Deal-ings, fairly fast at the start, slowed on a subsequent comeback. There was another slight relapse near midday and again a little buying buy-ing support In the final hour for steels, motors and aircrafta stiffened stiff-ened quotations in most departments. depart-ments. Transfers for the full session were in the neighborhood of 1,000,-000 1,000,-000 shares. Foreign CnrresRles Dip Part of the forenoon shaklness was attributed to a sharp break in the principal foreign currencies in terms of the dollar, with the Belgian belga and Netherlands guilders Tirata bty-warn k.-Thte ted ter the assumption in Wall street that fears abroad were growing of a German push through these neutral neu-tral countries in a new and "destructive" "de-structive" phase of the recently static European war. A number of traders stood aside because of the fact the stock exchange ex-change will be closed Saturday in celebration of Armistice day. For the same reason, brokers reported a smattering of short covering. Curtlss-Wright common and A shares attracted belated notice when the company's directors voted a 1 dividend on the latter against 50 cents disbursed previously. Dorimti News Bright Domestic business skies continued contin-ued bright but except for individual indi-vidual issues, stocks seemed as unimpressed un-impressed as during the last month or so. Some financial quarters discovered dis-covered fresh worries In the speech of Federal Reserve Chairman Xc cles on taxes. Chrysler was up as much aa a point at intervals on reports this company's labor dispute might be settled soon. General Motors was a shsde improved during most of the proceedings. Ahead at one time or another were Sears Roebuck, Montgomery Ward, Continental Motors, Kenne-cott Kenne-cott Glenn Martin, United Aircraft Air-craft Allied Chemical, Electric Boat International Mercantile Marine Ma-rine and Great Northern. Lacking much recovery stamina were U. S. Steel. Douglas Aircraft Anaconda, Du Pont U. S. Rubber. Johns-Manville and American Telephone. Bonds Down Slightly Bonds were unevenly lower. Commodities took a turn for the better a the last Wheat at Chicago Chi-cago finished up 1 to 1 3-8 cents a bushel and corn gained 3-8 to 5-8. Cotton in late transaction was 25 to 60 cents a bale higher. ' Heightened war tension brought declines in foreign securities markets. mar-kets. Up In the curb were Aluminum of America, American Cyanamld B, Lockheed and Electric Bond ok share. On the "big board" Western Union contested the trend following follow-ing publication of a third-quarter earnings statement showing 83 cents a share, compared with a net loss in the same 1938 period. Motors had the benefit of an In- ' crease in this week's automotive) output notwithstanding the Chrysler Chrys-ler shutdown. New cars for the 1 week were placed at 86.000, against 82,680 the week before and 86,094 a year ago. Sentiment Propped Sentiment was propped to some extent by the U. S. Steel announcement announce-ment October "shipments climbed 233,515 tons over September and 555,258 tons over October, 1938. The total of 1,218,545 tons was the highest since June, 1937. Regsrding the Ecclea address, in which he advocated financing national na-tional defense through Increasing taxes on small individuals and large corporations, one market observer ob-server commented: This Idea of Increased taxation Is a factor whtcsj may ultimately prove to be a de- , elded market Influence. In fact, this may already be one cause of the market's apparent failure to capitalize current and prospective earnings more liberally." Reviews Comtorting Market followers found comfort In week-end commercial reviews, which stressed a substantial upturn up-turn In public spending throughout through-out the country. , Retail activities. Dun A Brad-street Brad-street reported, hit a new peak for the season, with Improvement over the corresponding week last year estimated at 10 to IT per cent Election day purchasing, it was added, helped expand the volume and. In addition, favorable weather weath-er was thought to have played a decisive role in results. |