Show DROP CONTINUES IN STOCK MART MARl Recession Does Not Exceed Normal Technical 1 Reaction NEW YORK June 7 P Th T The market was again disinclined to i sume its advance Tuesday and slowly lower during most of the s i slon Net losses of 1 to 3 poin points were numerous and the closing tone w trill heavy The turnover a million shares The recession in shares mated that of the previous day Price averages indicated that barely half of the upturn of last week had bce been lost so the proportions of a normal technical reaction had apparently not nai been exceeded In the two day 14 sag Stocks had a moment of at the start reflecting the enactment of ot the taxation measure but special liquidation In spots soon unsettled th the list The setback was in the face ofa of ot a good undertone in fri bonds and strength of the dollar in foreign ex cx- changes The tobaccos turned emphatically heavy in the afternoon American Tobacco B lost 3 points and Li elt Myers B than more 2 T M w wa was wasa a soft spot at the start losing mo more than 3 3 but recovering a fraction later Signs of a rally before midday General Foods as dropped a couple of points Similar losses ap ap- in American Telephone an and Drug Other losses of consequence were largely limited to a point or so and embraced such issues as U. U S. S Steel American Can Santa Fe Consolidated Con Gas North American Borden Bor Bor- den National Biscuit Coca Cola Woolworth and others National Dis tillers Products Corn Products Re fining anti and Owens Glass ro rose c 1 2 11 2 1 points or more at the start presumably ably in response to prohibition devel developments but later eased cased |