Show ARLY ADVANCES IN STOCK MARKET pARED IN FINAL HOUR i STEEL AVIATION SHARES STRONG By VICTOR EUBANK Associated Press Financial Editor Edior NEW YORK Jan 3 UP Ja Stocks R-Stocks Stocks tocks climbed and slipped in Mondays Monday's market and in the closing hour early advances running to 3 or or more points were substantially reduced reduce reducer or r canceled The Th slow rally raly got under way be before before be- be b. b fore delivery of the presidents president's delvery message message mes- mes sage at the opening session of con con- gress res The list fell fel back moderately then attained i is best levels level of th the day following release of the te chief executives executive's recommendations The upturn was brief and leaders began to slide at the approach of the te final hour Steel and aviation Issues put on the best performance but they subsequently subsequently sub sub- retreated with the rest ret Steel Shares Buoyed The steel department apparently was wa buoyed for a time by an estimated esi- esi esti estl- mated upturn in current mill mi operations operations opera opera- lons the first after 15 consecutive week weeks weeks' decline in addition to re rearmament rearmament re- re armament expectations Aircrafts also were spurred momentarily by thoughts thought of large army ary and navy nav orders The ticker tape frequently was at ata ata ata a standstill Transfers approximated shares Action Acton of the supreme court cour in upholding validity of P W A loans loan and grants grant to municipalities for construction of power pl plants t was a damper for utility stocks but this decision was wa offset to some extent by the courts court's agreement to review the much disputed Electric Bond Share case involving legality of the te holding company law Erie Rails Rais Slump Erie railroad stocks stock and bonds ond developed weakness when it was announced interest on five bond Issues is issues issues is- is sues due today could not be met met Corporation bonds generally were uneven as were commodities Wheat at Chicago was wa up 8 3 to 5 of a cent a bushel and corn was wa down dow 8 3 to 7 Up the greater part of f the te day were U. U S. S Steel Bethlehem Crucible Crucible Cruc- Cruc Cruci Cruci- ble DO Douglas Dooglas las Aircraft Boeing Sperry Chrysler Yellow Truck Hudson Motors Goodyear Sears Roebuck Dome American Can Amerada American Telephone Consolidated Edison Howe Sound U. U S. S Gypsum Atlas Powder C Climax I i m a c Southern Pacific U. U S S. S Shipbuilding and Crown Cork Backward were American Smelting Smelting Smelt Smelt- ing U. U S. S Smelting Cerro de do Pasco Sunshine Mining Texas corporation corporation corpora corpora- tion Union Carbide Public Service of N. N J. J U. U S. S Rubber and Armstrong Arm Arni- strong Cork |