Show a STOCKS SWEPT BY BYNE I NEW NE SELLING WAVE Efforts to Rally Raly List by 1 Buying Rail Rai Shares Thwarted NEW NV YORK YORK Dec D 11 Fresh 11 l Fresh wares of ot selling swept over the stock mar market market mr ket Fiday Friday thwarting efforts to t rally the list lt by bidding up tip the roll ml shares The market closed with wit a a. heavy tone cO Sales Saes were wee well wel over sr shares The Te market pushed pue up rather strongly for a time tie during the middle of the te day as ns a the rail r shares again responded to t hopeful gossip ip g over the te prospect prot of or an agreement on wages wages Steels Steel coppers coppers chemicals and ad others oter were we sold hi in I heavy volume in the te last lat hour however and the te g gains were more than ta lost the market markt c closing at still another athe bottom for tho the bear ba cycle The Tho selling of stocks was In Inthe Inthe 1 the f face ce of firmness tim tim-cs of ot wheat STEEL STEE TUMBLES Loews Loew's Lw's was wa a heavy feature dropping drop drop- dropping drop ping pig more mor than tt 3 points Allied Ae Chemical and Union Pacific Pic lost lot nearly nearl as M much U. U S. S Steel Stel tumbled 2 4 23 23 4 3 to t a new bottom at 45 4 34 and Bethlehem lost lot almost as a much Shares Shae of off a point pit or more mare moe Included American America Telephone American Can Ca Anaconda North Nort American Amel Amen Ameri can Call c. c Baltimore Ohio Oho Brokers attributed the demand for forthe forthe fo the te rail rn shares to short shor covering and andreal andreal ad adreal real buying bui reflecting a growing gwing conS con cn that tat effective rele relief relict for tor AmerIcas Amer Ae leas lea's lc's railroad system i is i bound boud to t come in some form or other and that labor Is I presumably as a anxious to t keep the railways solvent as a anyone aone The reviews week end mercantile reves reported brisker holiday buying of merchandise bringing numerous reorders re rc orders to wholesalers wholesaler Heavier Heave lines lies however remain quiet In keeping with wit tho the expected trend tred of Deemer December The Te days day's reports from automotive centers Indicated further futher stirrings In i prepo prepa prepa ration raton for tor next years year's models moel although al n. n though progress prore remains reman slow CONFIDENCE FELT Wall Vall Val street did cd not seem concerned over rumors that tt Japan might mgt abandon aban aba don the gold standard In connection with wih the fall taU of the cabinet Bankers who have connections in Japan Japa expressed ex cx- pressed pres confidence In I the ability abit of that country to t pull pul out of or economic difficulties but pointed out that the te Chinese b boycott cott on Japanese goods gos goshad had had ha a disturbing effect The Te Jap Japanese nese yen dropped dropp to t a a new low for the te year |