Show AGAIN BEATS MARKET Steel Public Utilities Feel Brunt of Selling Pressure Markets at a Glance 5 EY OUK 4 Stork Stocks weak U. U 9 S. Steel brea r ori-r D S point paInts Bond firm convertible t American flits flits' v anil breaks break more inure thou than 12 18 POints point Foreign exchange French franc continues lt upward trend Cotton afla y southern hedge nell Inc support Coffee loner Ion unsettled markets 1 CHICAGO Wient weak foreign mar marketa mar keta Corn Com bower excellent I weather Cattle flogs steady to By STANLEY W. W Associated Financial Edit Editor r v KEW YORK Oct The Tho sec secondary secondary reaction which started was resumed today with the steels and public utilities again the of soiling pres- pres sure Extreme declines in many othe of the active Issues ranged from 3 to 15 points but thOse these were partially cut down in an ez curly afternoon afternoon- rally led i by the tho oils oils' and d a few specialties special special- tics Trading Wa was only ly heavy in volume and showed a tendency to turn dull on the rallies Short selling was again an Important im important factor in Ii the day days day's decline Many small sinai traders apparently fol followed lowed the advice of leading com commission mission houses in reducing lont commitments or restricting no ne purchases to a few special issues 1 li which favorable developments ni an pending until the course of the market becomes morn more clearly d do fined Tools Pools succeeded up Up few Issues to ae i records in eluding Electric Batter Corn Products Roll Bearing and International Pa Pape and rA W and add B Call money renewed at 7 per ceni which rate is expected to be mali wain tamed all day hut but the tho time mo mone i rates held steady tho action of the public utilities in denying an application of a Bo Boton Boton ton company to up its commo stock has 1135 2333 direct effect on ai an securities listed on the big boar board tho stinging nature of tho commit decision has had a bad ps effect on all price high public utility stocks Pacific Tel TeU phone broke 15 points America and Foreign Power D 0 Standard C Cand Gt and Electric 7 M 4 American W I Consolidated CaM American America merIC Power Stone Weter IVet We ster ter North America Power and Light Columbia Gr Gb I General Public Service and Sout em California Edison sold off 4 6 5 2 1 points Business news was mixed In cha acter Crude Oil production show i a drop of nearly barrels the daily average last Week Th Tl was reflected in a better demand I Ithe f fI the oil shares Sun bun Oil moving i I 4 1 4 to toil U V Q high at 84 3 3 Willie Standard Oils of New Jers and California Houston and BOJ Ro Dutch advanced 2 points or 1710 Weekly i steel truda reviews stress the falling off in iii output due larg arg ly to reduced automotive Iron Ago points out that steel ski ments are ano now the lowest In elgh cen months U. U S. S Steel than was hammered moro more i points to tp below a share 4 A. A I II I flyers Byers dropped 5 and tind several othe yielded a point or more Dire ta of Vanadium declared an e 0 tnt tra dividend of 1 a share Even the tho f few w isolated tro spots spot's were wiped out In III the flu fin hour when reaction becan becar general The rile handful of shares th had managed managed- to against t tl trend earlier surrendered their gui gali aa au U. U S. S Steel wn was hammered dov dol about 8 S points to II a new low for tl 11 movement at 2 25 5 1 Auburn Au broke broko 20 points Western Union and such shares ns as General Ele trie Columbian Carbon Columb Telephone Waterworks American Slid and Foreign Power a ar American Tobacco 7 I to 12 TJ Tl sales a al close was wis weak Total shares |