Show LAKE J LAKE LAKE TELEGRAM LEGRA FRID FRIDA kI j RAilS flAILS STAR IN WALL TREET Industrials F Feel el Touch of of Bear Traders NEW YORK May ll traders Uon tion of selling by k bear combined with some pr pron profit taking on the part of recent purchasers reaction in the brought about a price of industrial stocks In n today's market Railroads showed consistent tent strength in belated reflection of record car loadings and nd nd Unusually un- un usually favorable March earnings Sales approximated shares California Petroleum is its gain to nearly 3 points before profit taking aking caused it to CO case again Houston and Baldwin wae Wele pushed up nearly 2 points Gains Gams of 1 to tp 2 points also were recorded by pere lere Marquette American Car na Haves es Wheels Consolidated Gas May Department De Department De- De t Stores Continental Can and and American Ice pittsburg pitsburg West Virginia yielded 1 11 1 on profit taking International Harvester broke 2 U points points' and American Agricultural Agricultural Agri Agri- cultural Chemical dropped J. J 1 1 1 foreign for For- 01 eign exchanges opened easier Easler Demand Denand Domand De- De mand nand sterling was quoted around 60 and French francs again dropped below 6 60 cents German marks sold tit ft cents or to the American dollar dolar Buying of low priced shares shares especially those tra the Southern and Southwestern sections Souther of the country country was the the outstanding feature of the morning trading High grade railroad gains of 1 l to shares also advanced advanCed by Pere 3 points being recorded I Marquette St. St Paul preferred St. St Louis Southwestern common and ana preferred Katy laty common and preferred pre pre- Canadian Pacific Delaware Hudson New Now York Central At Atlantic At- At lantic Coast Line Baltimore Ohio and several others DivErsion Diversion or of I speculative interest to the railroad group caused a halt hal In the upward I movement mOvemEnt of Industrials and when liquidation cropped out in various specialties bear croppe traders resumed selling Woolworth broke 9 from its is early high and DuPont 4 New low Jow prices for the year were vero recorded by American Cotton Coton OIL Oil common and preferred International International tonal Harvester Virginia Carolina Chemical and American Agricultural l Chemical common and preferred i the losses SS ranging from 1 to 3 i points Bethlehem tI Steel duplicated l te Its previous low at Call CaB money opened at 4 H per cent Although the ex experiments of bearish bearish bearish bear bear- I ish who trying to pick out ont weak spots and start more cess general serf in ll the liquidation u fertilizer erm met and d dW W with chemical h sue suei i i groups and several other specialties special special- I ties tes speculative favorites apart I from Bethlehem Steel Stee which i dropped to a new low figure gure for fOT tIle the i i year at H. H held up well wel Even- Even Eveni Eventually j i the tonic effect of the sustained sus BUS tamed buying of railroad sharps sharp and marking up lip of California Petroleum Pacific Oil OH houston ton HO Oil on and American Can caused the general general gen gen- eral oral list to stiffen appreciably in intIle inthe tIle the afternoon he The Pho closing g was heavy Bear lear traders traders trad trad- ers Increased their offerings in the l late te dealings exerting sharp pressure pressure pres pros sure against steel motors and equipments United l States Steel common dropped to 99 99 a new low record for the year |