Show BEARS LEAD IN MARKET TREND K News KeW's eW's Influences Break In Stock Prices LoW Lew at Close NEW cEw EW TORK YORK J n By 25 By The Iresa Opposing spec spec- spec forces continued l to struggle for control ot of o the tho prIce In today's today stock mar mar- mark mar mar-k k t t but the line of oC o least In was Again downward t t ln In r roll rail equipment and automo- automo automo U tt Issues tsue were bid up at In- In In In tn an apparent Attempt to rally the general list Ht but the pt iU MI of ot other stocks was too toog tooK g C it U rading wits was as largely pro- pro iiona In character and 01 01 tI i sentiment appeared to be bet bet t Ish for tor or the tho time Ume being NEWS VS IS BAD nAD J c Y assignment to creditors ot of Philadelphia Investment In bank bank- r firm the relatively poor show show- nj ng made by several western toad load io dIn in Wh h hi December earnings state state- m m nt nt the tho omission of the on 1 hayes Wheel common the poor poop character of SoniC sone or n h recent annual reports a ar arn n II I II U f d ti to have Influenced thet the 1111 t hip oj if t stocks Blocks ion tn In the called so-called merger ralli rail and the lack of any tir tr Information to explain their r nt ut movements also tended to tow tow w n iki-n bullish enthusiasm Amor Amol the stocks flocks which were ere In tho sporadic rallies t lat at took place throughout the theS thes s were verO Bangor and anti Aroos- Aroos Aroostook took tool Colombia Carbon Hudson totor Mack Trucks Philadelphia and Reading Beading Coal and Iron Pressed St Steel cJ Car Radio Corpora Corpora- Corporation Corporation tion and Timken Roller holler Bearing DearIng- lu I LV IX 0 O 8 O 0 The sharp break In Chesapeake I Ohio was lIS base based 1 on reports that thet the revised Van merger r plan which Is un understood to make tha road the tha chief unit will ivill in- in olva the Issuance of new stock in order to provide for an ex cx- cx cx han with the tho stocks or of other roads pere Marquette sold two points below last final quotations as did Reading Nw w york Tork Central Great North North- Northern em ern preferred and several others othera The closing was weak Tho The loW pric s of the day were wro made In Inthe inthe the final Inal hour of trading when ex cx naive offerings of or dividend 1 1 paying rails were thrown on the market Chesapeake Ohio was Willi off six ix points and Pittsburg anI West est Virginia Pere Fern Marquette ew York Tork Central and Atlantic Coast Line were down about four fourpoints fourpoints fourpoints points Total ales Illes approximated approximate shares |