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Show SOARING COMMODITIES TAKE PLAY FROM STOCKS SHARES FINISH OH DULL NOTE By VICTOR EUBANK Associated Press FlnmndnJ Editor NEW YORK, Dec. 12 Soaring commodities Tuesday took the speculative play almost entirely away from securities market. With cotton futures bounding up nearly $2 a bale at. the highest, to the best levels in two years, and other staples exhibiting strength, dawdling stocks and bonds made a relatively poor showing. While war demand was credited for the sprint in Industrial commodity com-modity quotations, both her and abroad, shares which might also be benefited later by European purchasing ot goods in America barely lifted their heads during the day's slow-going session. The stock list got off to a hesitant hesi-tant start, worked up a slight rallying ral-lying temperature at intervals and closed with trends decidedly Indefinite. In-definite. The turnover was around that of Monday, or approximately 600,000 shares. Steels, motors, merchandising advancing column, but few ever were up more than minor fractions. frac-tions. Final prices were a shade either way, with numerous Issue where they finished Monday. Holding fairly well throughout were V. S. Steel, Bethlehem, Chrysler, Chrys-ler, General Motors, Montgomery Ward. Sears Roebuck, Southern Railway. Great Northern, Allied Chemical, Columbia Broadcasting "A" and "B," Phelps Dodge and American Telephone. Inclined to lag were Johns-Man-ville, American Smelting, Air Reduction, Re-duction, Kennecott, Santa F and Douglas Aircraft. A little more tax selling for In- mm tar rrtirt m mn.u suggested, again proved a recovery recov-ery handicap for stocks. In addition, addi-tion, many traders, waiting for clues to the business curve early next year, continued to stand aside. Commodities Rise Cotton, In late transactions, was up S1.30 to J1.50 a bale. Rubber registered gains of as much as cent a pound. Wheat at Chicago Chi-cago tilted forward 5-8 to ly. cents a bushel. Corn was unchanged to down H. Bonds were uneven, with U. S. governments pointing higher. The curb was spotty. Ahead at one time were Nehl Corporation, Newmont Mining, Columbia Oil and Gas and St. Regis Paper. Be- . hind were Aluminum of America, Gulf Oil and International Petroleum. Pe-troleum. Some support was given the "big board", on the realization prices, on the whole, have can- celed about half of their fall war-boom war-boom upturn and, from the standpoint stand-point of technicians, this was viewed as a sizable "correction." For Instance, from the September Sep-tember bulge. Allied Chemical was off around 27 points, Bethlehem Steel 19. U. S. Steel 15, Douglas Aircraft 11, Anaconda 10. Du Pont 8 and Chrysler 8. Several rail shares were resistant resis-tant on word the interstate commerce com-merce commission had granted J eastern roads an extension of the . 2't-cent coach fare which was due to expire January 24. The commission scheduled general hearings on fares for January 4. |