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Show PRICES OF STOCKS CONTINUE TO SLUMP IN WALL STREET; i High-grade Securities - Recede to Low Levels; j . Railroad Shares Are Partic- ' ularly Weak. NEW YORK, Uee. 17. Tiie week before' Christmas, usually one of good cheer in 'all street, opened ith a resumption of liquidatioii, liisrh fjrade securities continuing contin-uing to recede to well-nigh incredible levels. Reports from Washington Intimating thii t the important question of federal supervision of railroads might remain in abeyance over tiie holidays added to the depression prevalent in banking and other quarters. Increased weakness of bonds, as evidenced evi-denced by lower quotations for Anslo-Krench Anslo-Krench .'Is and various domestic rails and industrials, gave fresh emphasis to the complete abstention of investment ih-quiry. ih-quiry. Rallies of 3 to 2 points occurred in the active final hour, restoring some issues to last week's final prices, while a few industrials in-dustrials and rails scored nominal gains. Prominent among the new rninimums ol the season were such rails as Union Pacific, Pa-cific, .Northern Pacific. Norfolk and Atchison Atchi-son and industrials of the caliber of American Amer-ican Tobacco, Texas company and Mexican Mexi-can Petroleum. Specialties of the inactive class reacted 2 to 4 points -with 1 to 3 for shipping, coppers and motors, while American Telephone, Tele-phone, Consolidated Gas and AYestern Union were weak at or near new low records. Consolidated Cae of Baltimore made a nei decline of 12 points. Sales amounted to 460.000 shares. Liberty 4s duplicated their minimum at 07, later recovering to yT.lfi. the 3s ranging between ?S.i6 and !S.50. Total sales, par value. ? 1.350,0i0. Old United StaU'S bonds were unchanged on call. |