Show CHURN Specialties Under Pr P rs- rs s s- s sues es Get Support sues get Support t By STANLEY W. W PREN SIL Associated Press Pres Financial Editor NEW YORK Dec 10 AP The AP-The The weeding out process of weakened margin accounts was resumed in inthe inthe inthe the stock market toda today after an ini initial Ini outburst of strength had carried car car- ried ned man many issues up 3 to 23 points point Renewal of weakness in Radio Ward Montgomery Wright Aeronautical Aeronautical Aero Aero- nautical and some of theother high high- priced specialties turned the general goner gener al course of prices extremely irregular ular before midday In general most of the high grade seasoned dividend dividend divi divi- paying rails and industrials received good support Call money ron renewed ved at 0 9 per jer cent CellO dropped to S and then to 7 when a plentiful supply of funds appeared In tIle the market Banks called about in loans leans but these easily replaced The days day's trade news also was less favorable than usual Tile The United United Unit Unit- ed States Steel corporation reported a decrease of tons In unfilled orders last month but this probably was due to the maintenance of a a. high level of operation In tile the face of a seasonal slackening in demand The Standard Oil company of In Indiana Indiana In- In diana announced a cut of one cent centa a gallon in gasoline prices In Chicago Chi cago the and reduction was ivas Immediately immediately imme Imme- me met by its tore tors Renewed selling pressure against the priced high specialties undoubtedly undoubtedly edly was influenced by the unofficial denials of widespread rumors that organized baking support had been provided for the market Radio was the hardest hit breaking from an aix early high of which represented a a. week end gain of IS 18 points to but it quickly snapped back to Ward Montgomery fell from to Wright Aeronautical from to and National Tea from to while General Motors Johns Johns- Masville National Biscuit It International rna rna- Nickel Rossia Insurance Co Columbia Columbia Co- Co lumbia Packard Mo Motors Motors Mo- Mo tors and Victor Talking Machine fell 4 or more points below their early high levels Some of today's soiling soiling- undoubtedly undoubtedly edly represented the tho liquidation oC of weakened marginal Sat Saturdays Saturday's at reaction was so ar an and tile the ticker so late that oC of many stocks were down 10 to 15 points before most traders trader could act to protect their Prices of the tho high grade grade- shares were not disturbed in the late hour by tile tho violent gyrations in the volatile vola VOia- tile issues Tho drop in call money to 7 per cent and a a- resumption oC of pool support resulted in a scramble Aborts to covet Radio rallied ron to cry Ward from to Wright Aero Acro from to and A. A M M. M Byers from to Advances over ovet tile the preceding close were shown by International Telephone Telegraph Telegraph Tele Tele- graph whirls which rose 14 points Bethlehem Bethle hem heal Steel Greene Cananea Copper Associated Dry Goods an Atlantic Refining all UP ill 5 poin t Fresh selling selling sell sell- ing then mad madd its appearance driving driving ing Radio down to Montgomery Montgomery- Ward down to and Wright Aero to The closing was unsettled Sales approximated |