Show Wall lall Street i Is Reactionary Selling Attack Atack Starts on Motor Shares NEW rw YORK YORI Jan Jan 19 1 By the Associated Alae clod Press tock Prel-tock Stock prices price turned tined rea reactionary rear rear- late today tody when whan a selling at attack at- at tack launched the tb motor shares har I end and o other e Industrial n la Issues e out outmost r most n t ot of the h gains gain scored on n an early a advance American Can broke 6 5 pol points lt and reactions reactions' of oC 1 I to 4 points point took place In Sears Sear Roebuck Baldwin Pullman U. U S. S S s Steel and Smelling tInselLIng Resumption of the tho upward movement of prices In today today's stock clock market D was WR Interrupted at t l Intervals by bear selling and an profit Pool Poo operations were wee stimulated by a reduction In of official lal call cali eal money rates rate rat to i C per cent loans loan In the outside market markel being quoted as a. low as aa 3 per cent gent Short selling ceiling leUng was wn aggressively condu conducted In the Baking Baking Bak Dak ing Issue on en the announcement that an official Inquiry Into recent mergers merger would begin here hee next moth month Renewed weakness of United States Al Alcohol was associated with unconfirmed rumors rumon of lower cw prices price and loss of c contracts cUi Public Pub Pub- lie lic utilities lf were e heavily bought In anticipation an an- of important merger and dividend dividend divi divi- developments American Water Water- war worce and Public Service of New Jerley Jersey jersey Jer Jer- sey ley each eling selling ceiling 3 points above yesterdays yesterday's yester days day's final quotations while several others other other sold cold 1 to 2 Z points pointe higher Special cial buying also developed In several leveral specialties International l Business Machines Machines Ma Ma- a- a chines soarIng oaring over 6 G points an end and South Porto Porte Rican Sugar Savage Arms and andI National Dl Biscuit selling ceiling 3 a points Heavy I liquidation alon of the motors nolon was wan wa resumed In the tIle early afternoon with Hudson Hudon and Oe General eal Motors Motor the principal tar tar- gets The closing of heavy Failure e of oC professional pro- pro fe lonal operators to enlist an outside following on the early Tine rise rie encouraged resumption of vigorous bear selling ceiling un under under un- un der which higher priced rails rala were wore hammered down In the final hour boon Moor Motor Motor Mo Mo- tor or shares lost most of ot their gains and sharp harp reactions Also took place In At At- lantie Coast Coalt Lines Line American Smelting National Lead Sears Sear Roebuck k and Wool Wool- I worth worth Total sales approximated 1500 A 00 hares shares |