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Show LEADING STOCKS STUMBLE IN DULL DAY) . STEELS UNABLE TO PUSH RALLY By VICTOR EUBANK AaaoclaU. Pma Financial Editor NEW YORK, Jan. 22 Stumbling stock market leaden endd In moderately lower territory Monday. Mon-day. While declines running to a point or so for moat groups wer reduced re-duced at th. last, plus signs wer. few. Steels softened after an early attempt at-tempt to prop th. list and from then on prtoet generally leaned to the downside. Timidity of traders waa laid principally prin-cipally to th. detlra for mora light on business prospects over the next aeveral months, to the cloudiness cloudi-ness of political skies, to budget cutting activities of congress which aroused deflationary ldeaa her. and there, and to Indefinite conclusions concerning th. European wars. Transfers for the day of around 400.000 shares wer. th. smallest tor any full seailonthli year. Btael WiareaTWlinw Another estimated drop In this week's steel mill operations dampened dam-pened U. S. Steel, Bethlehem and Youngs town Sheet. A cut In copper cop-per quotations of U of a cent a pound to low marks sine, last October halted Anaconda, Kenne-cott Kenne-cott and American Smelting, although al-though thee. Inclined to contest the drift. Th. price of tine also was shaded. Lagging wer. Sears Roebuck, Douglas Aircraft, Westinghouse, Eastman Kodak and Great Northern. North-ern. Ralls and utilities were narrow. nar-row. Loft and National Biscuit tilted a bit higher, as did the recently re-cently weak preferred, of Standard Gas A Electric Commodities, on th. whole, backed away. Wheat at Chicago was off to of a cent a bushel and corn down H to . Cotton, In late transaction., waa nearly $1 a bale lower. European securities markets wer. steady. Bonds Turn Uneven With rails making the beat of rather heavy going, bonds fluctuated fluctu-ated over a narrow range. In th. curb there was a fairly actlv. rise In th. Standard Gas A Electric obligations ob-ligations which fell to rapidly last week. Gains of around a point were recorded for the., issues. Norwegian government dollar loans continued to show strength, but most of the foreign list declined from last week's positions. U. S. Governments, largely overlooked over-looked by traders, wer. uneven over a narrow range. Gainers among corporate. Included In-cluded Anaconda Copper 4s, Rock Island general 4s of '88, Delaware A Hudson Refunding 4s, Certain-teed Certain-teed 5Ss, Studebaker 6s, Portland General Electric 4 Ha and Great Northern "G" 4s of '46. Lacking recovery vigor In th. curb market wer. Lak. Shore, Creole Petroleum and Pantepec Oil shares. |