Show I I w t f 3 1 I i 4 VJ STOCK MARl PRICES SAG Strong Opening Fails Fais to Hold Adv Advances NEW EW YORK May 15 11 15 1 Stock tock prices displayed a a firm tone In the opening of today's stock market but sagged again when seXIng seeing pressure pressure pressure pres pres- sure was resumed against recent speculative favorites broke broko below 10 to the lowest price of the year rear and United States and Bethlehem Steels came within a small smal fraction of th the years year's low record Sales approximated shares Some good gains were made In the rail rai group before the overnight bU buying orders had been absorbed absorbed Norfolk Western estern advanced 11 lh points and Katy preferred Southern South South- 11 em ern Pacific Northern Pacific and Missouri Pacific preferred 1 I to J t. t Scattered buying also was noted In the good oil 01 equipment chemical tobacco and automotive shares American Sugar C Cuyamel amel Fruit Ro Royal al Dutch American Locomotive Bosch Bosh Magneto Stromberg Carbur Carbur- etor Electric Storage Battery tn I eel Retail Stores Store Remington Bater Typewriter National Enameling and United States Alcohol each ad ad- ad a point or more mor more RAllI pressure was was conducted conducted In In spots t I United States and Republic si Steels Studebaker and Marland Oil 01 being among the first to yield Their I heaviness checked the rise In other quarters Foreign exchanges opened strong strong Demand sterling ad advanced advanced advanced ad- ad 5 8 B of a cent to 63 and rench l-rench fr francs rose roso 6 points to cents Failure for Interests committed to the lon Ion side of the market to maintain the early advance encouraged encouraged encouraged aged a n resumption of short selling which was most effective In the steels equipments motors motor accessories foods and a few high grade rails rais Bear traders w were re aided by some rather extensive taking profit on the part of recent t buyers By noon many of ot the leadIng leadIng leading lead- lead Ing Ing shares had bad a point or two two- two below last nights night's close Suspension Suspension Suspension Sus Sus- pension or cancellation of several large larg construction construction- projects was a sentimental factor In the heaviness of at the tho steel stocks United States Bethlehem and Republic Steels sellIng sellIng sell sell- In Ing a point below yesterdays yesterday's final figures Du Pont broke 4 points from Its earl early high War Stewart ner nor slumped 71 points and Strom- Strom berg Carburetor Studebaker and Mack f k Truck il 1 to n. n Losses of 1 f to 2 points also were established by Baldwin American Can Pan Amer ican lean Phillips Pet Pete Cosden I Amer Punta Alegre Alegro Su Sugar ar National Biscuit Union Pacific Canadian Pacific Delaware Hudson and Norfolk Western Call Cal money opened at 4 H per cent Efforts to start prices lees rising rising again b by bidding UP ur a a few leaders notably California Petroleum which rose 2 2 2 points met with Door noor success success success suc suc- cess offerings from speculative sources s making their when prices hardened This selling evidently drove the whole list down again sharp sharply Iv with Baldwin Studebaker Studebaker Stude Stude- baker baIter New Haven and the su sugar ar Is- Is Rue Rues conspicuous weak veale Delaware Hudson sagged 2 The Tha Te closing was weak Wider breaks occurred In the specialties In the last hour and the whole market market mar mar- ket sa sagged ged when the offerings In other lines were Increased Woolworth Woolworth Wool- Wool worth Du Pont and Stewart Stewart- Stewart War Warner War War- ner sold off oft 3 to nearly 5 I points |