Show STOCK MARKETON MARKET ON DOWNGRADE Losses Range From One to Three Points Trading Highly Professional NEW YORK Nov 16 tock stock market dragged downward Wednesday closing around the bo lowi of the quiet session Net loss losses i isome fc some ome leaders ran from 1 to 3 poi in n a turnover of approximately a million shares 3 The market was on the most of the day Early afternoon deal dej Ings following declaration of a aular rw ular dividend by American and Telegraph saw somi reduction of previous losses losses' but thi m improvement was feebly held an prices edged off through the balant of f the session The market appears appa highly professional There was tie lie in the news to influence trends American Telephone closed 3 1 net lower fractionally above the boi bot torn R. R H. H Macy which had a b bai sinking spell after omission of th customary stock dividend lost 3 33 3 net although it had been down 4 1 1 Allied Chemical Air Union Pacific U. U S. S Steel Coca Cols Santa Fe and American Tobacco B lost a couple of points each Decline from a fraction to a point were mad by New York Central Standard Oil of New Jersey Chry Ciry ler Montgomery Ward and Conso Gas |