Show k Market Resi Resists h H Bear Bea Onslaught BW YORK Aug Aug 1 IS 16 AP AP The AP-The The resisted a a fr fresh h bear 1 today a despite reaction reaction- tendencies in the tho grain and anden en n markets rices rw fluctuated erratically In t fin Md highly professional t trad- trad dIn d- d In the the- early trading prices d from the he high lev- lev Ie f thed he in Fridays Friday's bear squeeze J I b brisk raly rally soon loon set In The TheU Thed U d was turned final I ture again in tho the however and many l ln quotations in most mOt im- im tast it stocks tock were not moro noro than w Jt on either td of ot the pre I I at final levels The price tot to JO leading shares showed showe et for Cor only J Un the day of ot 1 O 1 I 1 Point pint The Tho Index of ot 20 Ii ten separately showed a 3 n Ies CN Total otal sales were 91 nON lION PRICE BREAKS development of ot th l fresh weakness In cotton C 1 roka about 50 a 3 bale balo to Grain Grainy reacted recto mod rood n I T further gains I and andOL OL Of Ot t tt the t Y Li l l market 4 t to M t Y OL Of Ot tt the t Li l l market 4 t to M Liverpool maket tont o I nt advances in wheat in rid wheat futures ea each h losa lost los a a cent nt t u bushel I b 1 l a a. weak f feature ture In the 3 JI declining n nearly ner Wider heavy In rew re- re hevy IL L. L w to to the semiannual report t nE Prel dividends only 0 tut t p. p Ir cent with conof cont con con- l. l of surplus This 1 how however still atUl ha hae hl r r hip and reduced its lt t to 4 11 4 1 at redUCe the finish l wa supported au wavel vel SS f an n early ealy decline of ot 1 12 w o clop dOl about tt a point higher 1 r. r con considerable b tV short abort cov coy in he 11 the TaUs- TaUs which h was s no not notably tt l The caler as 88 the tho nt nol le of tt should aho help earn earn- ul me t ut latter months the of ot th h gt Western r WaTe W r Hudson Rui gained Wester 3 it I to o 4 Canadian Pacific c also was a strong shooting up about 6 points on or rt denial of bt a a. a t m r d fre- fre c Not all 21 rails raUs participated In hr n th tim the advance however hOever lost 3 and Rock Island I 2 in inn a n few few trans trans- rans- rans actions Shorts Short bid at nt swiftly rising prices In n a n few specialties in which tho the market is i rather thin International Business Ma Machines sponsors or ot which have been ben waiting a n chance to o drive In shorts shot up 6 Moor Mo or Cs' Cs gained 9 9 American Can lost nearly nea 3 points In n tho the ealy early trading trading- but was vms pint oft oCr less ess than a a point at the finish Shar Shares s losing about about 1 l to 2 points In included General Motors American Telephone Worthington Pump ump Vanadium Vanadium Va Va- I nadium J. J C. C Penney Tenney Case General Electric and Electric Auto lAte Shel Shell Union sagged to a a new low In n selling In expectation of ot tion ton or omission of ot th the dividend Since the bears bears have bave been unable to t extend the tho decline after Tues Tues- days day's dayi break there has been a a. a acon con conr considerable considerable con con- r switching switching- to th tho bull bun side clde tlde on the part of or professional traders anxious for action acton How much of tho short hort Inter Interest st has now been eliminated r e s aj on al I. I s d w 1 would Is 18 ou something ld l ik t to o i. i which 1 proe pro pro- pr- pr r rIt It tm r e s aj on al I. I s w 1 would ou ld l ik t to o i. i 1 pr- pr r rIt It tm like lt e know C for If shorts have generally covered the technical position of ot the market has ht been greatly greaty weakened The Tho close of at tho the week found round speculative sentiment sen sen- about about as confused as ev ever r. r BUSINESS REPORTS DULL CULL The Tho days das news shed she little light lighton on tho the business trend Reports from the Youngstown area area indicate that further reductions In steel mill mi activity are not contemplated contemplated but sentiment in the ft steel el trade has be become become be- be come a a little gloomy Bankers felt that credit would ouId continue plentiful next week al although oJ- oJ al- al though thero there was no call money cal Ioney market from Crom which market to gauge the jaUge trend trena Tho The French rench franc was it u u shade lower suggesting that the outflow of ot gold cold oJ 1 may Ii ha hav been heen checked Sterling cables held at ut 1487 1 The peseta peseta was I under further pressure reaching a a anew new 1930 low v. |