Show OF SH AiE E CONTINUES Weakness Embraces Broad List of Representative Issues NEW YORK April 22 2 1 P steady teady chipping away of share prices went vent forward with wit a n little more vigor ar In i Wednesdays Wednesday's stock marc market mar mar- ket c t Declines ranged rage somewhat hat narrower nar- nar rower lower than tan yesterdays yesterday's s but weakness weak weak- ness nc embraced a broader list of rep rp 1 Issues spreading in the late ate t trading to General Motors which had been receiving stubborn support during durig most of the current curent declined decline The Tile general level leve of prices s wa was pushed to a new low level for 1 31 l. l The days day's turo er turnover was wen well c bo two and a a half million shares and the lar largest est of the month The bod bond market also was wa under pr pres pr- pressure sure with wIt some ome of the Australian issues recording substantial losses on news 1 WS of ot closing of ot the New South J Wales Wale Savings bank bak WIDE LIST LOSES I i- i Issues l ues losing 2 to lo more than 3 points Included 0 General Generl Motor Include Steel North American J J National Biscuit Air Reduction J Paramount Electric Stone Webster Dupont and Coca Co aUs continued their decline Atlantic At At- lantic Coast COat Line dropped 6 and ad isles is- is Cies les off or 2 or more Included include Atchison Delaware d Hudson Baltimore Ohio hlo and Canadian Pacific New J Jork York ork Central dipped under the mirk rak U. U S. S Steel Stel Radio and ad Standard Stand Stand- 1 the theoff ard td of New Jersey were among ues off of more than a point point The he midweek business statistics were ere in i the aggregate scarcely cheer- cheer Freight car cr loadings as a rc- rc ported rte for the week end ed April Apri 11 1 J Jere were ere mildly encouraging showing a aIn aj j aln In of ot cars cr somewhat larger lager than the usual gain for that week and and accounted for largely lagel by a n pro- pro upturn in i the miscellaneous miscella miscella- I classification Nevertheless Ne the thc total was wa cars under the ike ikc week of 1930 and railway ex executives ex- ex say that tat good oo crops and ad Ji more general general revival of industry kill ill vH be b necessary for any general re recuperation re- re reI I of carrier earning 4 4 The weekly st steel cl trado trade reviews 4 were cre In keeping with wih advance nd anee cst cst- esti- esti ates s indicating that ingot output I Ir bf f r the country countr at large has slipped below 50 per pcr cent of capacity or back lck j fa the average of the last lat quarter of 1930 Steel said sid a decline in the requirements of the Ford Motor coman company com corn pany an any was wa being beig felt fel lending substance substance sub sub- stance to a report that the te manufacturing manu manu- divisions of or the company mau I nU inay ay shut down for two months this thi summer while assembly plants pants plant work off ciff of a a surplus of or parts paris The steel steel trade tade is i hopeful however that the slackening of operations may be b c around the current curent level le S The weekly report of electric power consumption showing a re reduction re- re of 4 10 6 per cent from the like ducton week of last lat year made the least favorable fa comparison since the te week wee of March The Te Atlantic seaboard area aren finally slipped sUpped back under the levels le el of a year ear previously pre the Pacific coast coat alone showing a gain The The petroleum statistics for last lat eek cek showed showe a n gain gail of barrels barrels larrel bar bar- lar- lar in the dally daily daly average crude out- out rel the largest in some time The rt problem of or control may be bc simplified simpli simpli- fled fied fie by the opinion expressed b by bythe the he attorney general that present plans trust ans laws do not run afoul of ot the te antitrust antitrust anti anti- ant ant- A substantial shrinkage in gasoline gasoline sao sao- gaso gaso- l line nc stocks during the week weel was s about the only favorable fa aspect of or the he figures Gasoline stocks arc are arenow now at about barrels ban or lower lover than a year ear ago The ri t achieved however is i only little tj-ducton tj more than half hal that planned Credit eased with wit bankers' bankers ac acceptance ac- ac rates shaded haded one-eighth one of or 1 1 per cent rte and call cl money again offered in the outside market as a low as a 1 per cent |