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Show RALLY IN WHEAT HELPS STEIVi stock mart slump: ACTIVITY SLOWS 1 WITH COMEBACK By VICTOB EUBANK Assseaatm Frees FlmsMtol EtUtar NEW YORK Jan. IS UV-RaW J lying wheat and lets thaa no pec ted drop la this week's steel ',, mill operations helped stem a stock market selling drtrs Monday, but failed to promote any substantial substan-tial upward reversal. ' The list tried (or I mild soma- , back st the start without attract- Ing many bullish customers. There ' was a quick shift to the downside and, with the turnover fairly heavy ' In the fourth hour, losses ram t I or more points for leaders. " When the official steel estimate cams out, placing output at 84J ' per cent of capacity, off 1J points from the week before, offerings ' dried up appreciably and extreme ' declines were reduced at the close. The majority of forecasts wars for ft decrease In tletl output of about ' 4 points. Bearish nesa m Wan Street bra- kers suggested, was predicated - mainly on the inability of specu- latlve eon tin gents to arrive at a definite conclusion regarding the possible length of the seasonal business recession now appearing In many lines. In addition, grow- Ing European war tension served - ss a handicap and cloudiness of politics and the congressional pro- gram helped to keep potential buy-era buy-era In the rear ranks. Prominent share losers at the worst were U. S. Steel. Chrysler, U. S. Rubber, International Har. vester, Douglas Aircraft, American Telephone, Westinghouse, Du Pont, Eastman Kodak, U. S. Gypsum, General Electric, Sears Roebuck and Texas corporation. .. Standard Brands managed to Pt small gain In the vicinity of a new 1939-40 peak. Ralls and utll-itles utll-itles held declines to fractions. Bos- - Ing wss resistant, along with Mont f ornery Ward. , Bonds followed stocks on the a. down trail. Wheat at Chicago moved up IN to 2 cents a bushel and corn advanced B-f to 7-g. Cot- s ton was off B0 cents to up S3 In late transactions, foreign securi- ties markets skidded. e- Tailing In the curb were Alumw -num of America, American Gas, Lake Shore, Humble Oil and Jones ALaughlln. Investing Companies'' . '!!W.i0,,!tt,M- 1 'APrfHstlaeal " Aaaoclalkm of WuMty Daaler liie.) - I Bid I Arted ' AfflllalM Fund Ine. . 40 8 78 ' dSmod':::::: :: : ' Phidand Sh.raa .... Fund lnvaatora Itw . 14 11 4f A, lUratona CtwtodlM 2 ll 19 4 jt f? xl Hi I! Maryland Knd ;..'.. I M 11 Qwajtarly tna 'tea raj 1 ll jtp ' |