Show MARKET URlET LETTER ITER The following letter leter was wa by James ames A Pollock Co bankers banters and brokers over their private wire yes yesterday yesterday afternoon from Paine Webber Vebber I ICo Co The declaration of a 6 5 per cent divi dividend lend dead on Steel common caused higher r prices at the opening this morning but butI it I was soon apparent that somebody was taking advantage of the rise to sell seU stocks and liquidation was renewed all al through the list Prices gradually sagged all al day da with wih the heaviest hea Iest selling near the close The general feeling Is very pessimistic in the market and gen general general general eral business and In politics and we see no reason to expect anything but lower prices price for some time to come We shall have rallies rales from time to time due to toan toan toan an oversold condition of the market but we strongly advise taking advantage advantage advantage tage of all al these to sell sel stocks |