Show LOWER LOE iRICE PRICES RULE BIG BOAt Steel Strike News Bring Pressure Unsettles Entire Market t By ELMER C. C t United Press Financial Editor NEW YORK June turned definitely lower in tj the 1 lit trading on the stock exchange Thin day Indications steel workers of the Amalgamated Association Iron ron Steel and Tin Workers accept no terms other than nn recognition brought new nw pressure o steel shares and unsettled the market Earlier In the day the list Hit h hi 5 shown remarkable in t tt face of a six six month month moratorium all German debt o transfers and I 4 break in Auburn that brought the I I Isue sue to a record low around 26 coi with its record hIgh of o 5 made in 1929 The market paid little attention i 1 the German situation which ha hi been discounted in most quartet Stocks opened dull and steady t for Auburn in which there there v w rather heavy liquidation for reasons not involving other autos autom bile issues Bonds were firm fim rn rno of the day except German which made new lows and then tt II lied German loans softened in othi markets notably London i Moderate losses were noted in d ton silver rubber silk and copp futures Hides continued strong ar hogs hots gained further registering n ne highs since March 2 i In the foreign exchange maike narke the German w was 3 calmly The mark was do about a fifteenth of a cent at the ct ot set but it gradually recovered The late decline In stocks can without pickup in volume of busina which was around the half mig millio share mark for the day Lo ranged to 2 points with the rails rail re the widest declines Greatest weakness was noted in U steel division where United Stab Steel broke below 41 and others we Wel correspondingly lower Automobile issues steady most the day despite the weakness in A burn softened near the close Hu Ru Huson son broke more than a point to a tae ne low for the year Sales approximated against Wednesday Cur sales were shares against Wednesday |