Stocks Mixed; Truman Talk Is Mild Tonic
NEW YORK, Jan. 9 ORÛÓThere was a whirlpool of conflicting trends today in the stock market, and prices at the close covered a wide range, mostly in the lower region.</br></br>Individual corporate develop-] ments were responsible for the widest swings in individual prices. New allocations of critical defense materials to civilian | industry had a different. impact I on each industry.</br></br>and his announced defense agreement with Prime Minister Churchill had a mild tonic effect on the stock market.</br></br>The Associated Press average of 60 stocks ended unchanged at $98.70, but there were more declines than advances in the total number of issues traded.</br></br>American Can zoomed ahead as much as 7Vz points and closed up 6% at 121. Directors asked stockholder approval for a two-for-one split of the present common and then a 100 percent stock dividend on the new shares. f