Salt Lake Telegram | 1933-07-31 | Page 13 | Stocks Slump in Liquidation

STOCKS SLUMP IN LIQUIDATION Bids Noticeably Scarce With Leaders Dropping One Oneto Oneto Oneto to Six Points NEW Nl YORK July 31 Stock P tock l-tock market prices prie slumped Monday under quiet but steady stady liquidation and some renewed short selling by bearish contingents that played for the ex cx- ex expected s secondary condary reaction There Tere wa was yas a noticeable scarcity of bids bId and anda anda a a n number nimber of the leaders dropped 1 to t 6 or more points point The c close e despite a late rally raly was heavy Transfers approximated approximated ap ape ap- ap only shares The Te dollar dolar gave up about 10 cents cent to t sterling in early carly transactions but butot got ot it all al back and more The mar mar- ket however apparently paid little V attention to exchange gyrations Trading Trad Tad ing was dull throughout Grams Grains Grai lost lot the limit at Chicago but were were only moderately lower in the unrestricted Winnipeg trading Cotton dropped about 2 a bale at one time and then ten rallied moderately silver iver improved a little but other commodities were a V trifle mixed mixed Bonds Bond were irregularly lower Various of the the more depressed shares shaded their losses lo in late lat dealings dealings deal deal- ings but there was wa little enthusiasm for the recovery Case Cae lost 8 81 2 12 points point U. U S. S Smelting dropped 7 2 1 and Homestake Minn Mining yielded 25 Others off of 1 to t 5 or or more included American Telephone Santa Fe Cela- Cela nose nee General Motors U. U S S. S Steel American Can Western Union Bethlehem Bethlehem Beth Beth- lehem lehm Steel New York Central Chrysler Commercial Solvents Solvent National National Na Na- tonal Distillers American Commercial Commer cial Alcohol Illinois Central Cental Deere Deer Deere Southern Pacific Cerro Cero de Pasco and andu Du DuPont u Pont