Show STOCKS ERRATIC IN Early Rally Turns Into Reaction Packard Radio Crash l Markets at a Glance NEW NEIl YORK VOIlE Stocks Stock Irregulars Irregular Packard sets eels new high record at Bonds Bends firmer Andes Copper t s gain 4 points Foreign exchange steady Meady Japan Japan- tf yen ten jump 10 points poInt Cotton barely Mead southern selling Sugar steady unfavorable foreign markets CHICAGO 4 Wheat lower er larger northwest re receipt ra- ra Corn Com easy lower loner southwest mar mar- Sets keU Cattle Hogs flogs steady to lower lover By STANLEY W. W Associated Press Editor NEW YORK Dec 12 AP AP for brief rallies at the opening and andin andin in the last hour the stock marl market et etwas was reactionary throughout today's session A in Packard to a record price of in the last hour was followed by a drop to 5 points under yesterdays yesterday's close A ticker error reporting A of as on the way up created bullish enthusiasm which when the error was corrected Radio Ra dio closed 8 points down General Motors nearly 5 and United Steel 3 Although some disappointment was apparent that call money should lid renew at ut 8 per cent after b ingaS low as 61 2 in tine tho outside market yesterday afternoon there was nothing nothing noth noth- ing In the days day's business influence tine the selling Early gains of 3 to nearly 15 points were in many cases converted into losses of similar extent Weekly steel trade reviews w re reagain again optimistic In character Icon Age reporting that steel production is exceeding expectations as the year end approaches and tho business business busi- busi ness outlook for the early part of 1929 1029 is promising Purchase of a a. large block of stock of the Stand Standard Milling company by Gold Dust is but one of a series of and new business associations reported reported re- re i ported to be impending 0 A wide open break of 15 points In Houston Oil which sold to or 63 65 points below The inn years year's high confirmed fears that tine the market had not been purged ot of all weak spots in last tic reaction Tints This tended to speculative enthusiasm for otter priced high specialties Radio Wright Aeronautical canceled their early gains of of S and 7 points Re Respectively rc and sold below rast nights night's final quotations A. A M. M Iy- Iy y- y ers dropped nearly 11 points Adams Express 8 Pack Packard ard Motors and Industrial Kay Kayn n May department ent stores Montgon- Montgon Word Ward Goodyear Associated Dry Goods and General Motors sold t 4 tto to nearly C 6 points below yesterdays yesterday's final quotations Weakness of the merchandises Issues was sas attributed in some r- r to expectations that the recent decline in stock prices would Impair holiday trade Fears of the Secondary Sec eec reaction which Invariably follows the brisk rally after a sharp decline also stimulated liquidation of stocks particularly by traders and Investors who did not reduce their in ill inthe the first wave of selling pools and bankers who brought stock for supporting purposes Tine The closing was irregular il approximated shares |