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Show BANK LOAN REDUCTIONS ' CAUSE. OP CURTAILMENT Much of Market Loss Quickly Recovered and Few Noteworthy Transactions Are Recorded; Re-corded; Mexican Petroleum Active. NEW YOItK, Oct. 23. The most obvious effect of the step taken yesterday by the loea 1 money comni i t tee to reduce bn nk loans was n further curtailment oC operations on the slock exchange today. Active selling at the outset was attended by declines of 1 to 4 points in the most vulnerable vulner-able issues, but much of thl" los was quickly recovered, while here and there a few noteworthy note-worthy gains were established. Next to United Stntes Steel, which moved Jn a narrow groove and closed a t a 1 point loss, the must active stock was Mexican Petroleum: Pe-troleum: From its initial decline of almost 1 points rap lil recovery was made, ending a t a gain of G points. Other oils. American Smelting. Pome of the motors. Sumatra Tobacco ami low-grade coalers finished at variable .advances, but the general gen-eral list developed fresh heaviness later, rulls and equipments ngain yielding to pressure. Total sales amounted to 000,000 shares. Foreign issues reacted moderately with Liberty Lib-erty bonds and the general domestic group on more contracted dealings. Total sales, par value, aggregated $8,275)000. Old United States bonds were unchanged on call |