Show BREAK IN IN- IN STOCK MARKET IS 13 VIOLENT Bu Bull l Movement in Progress for Six Months Is Halted Dy Oy Associated Press Pre NEW YORK DRI AUg r. 9 This I.-This This weeks week's vio yb- lent break in the stock market the most I serious since the inauguration of the bull movement almost six slat months ago ao was Was which obviously o fit first t the manifested outcome themselves of el conditions 1 in the e early weeks of the midyear ear Railroad officials declare tb they had long tong known that the railway brotherhoods were ere preparing a series serlee of ot demands for submission to Director tot Oen General Central t l nines limes but the ho Ultimatum tum of the unions far tar exceeded exceeded ex ex- their calculations Rails Halls of ot the higher grade broke 5 S to 15 points under the tile Impact of liquidation and short selling t b the secondary or ori more speculative e Issues recently th the ob objects ob- ob i of bullish M he attention fo from pools were vere relatively more steady The nationwide agitation against high living costs and President Wilsons Wilson's plan to aUdi ess congress ss on the subject t caus caused d extreme reactions of 5 to 20 points point among the shares re representing res leading commodities including food tobacco textile and leather Issues As viewed b by Impartial observers the market was top heavy with m many nY overextended over oYer- extended e accounts c on the e long s side and Shy any adverse ev r development og e would fd have e ent ef et- et a toppling over of ot the speculative structure To bankers the further fUrthOf l' l crumbling of ot French exchange to a point of depreciation tion Ion approximating 33 p per r cent w was s far tar more serious than the setback in the stock markt markel Dealers look for n no re relief relief relief re- re lief In that quarter until the French government gov go- c applies corrective measures |