Show t. t STOCKS BREAK IN SALES ORGY Sharp harp Declines Occur in La Late e eI I Rush Speculators Let Let- 1 i Holdings Go By ELMER EL C. C w United Press Financial Editor J NEW YO YORK K Dec Dee Stocks 11 broke roke 1 to more than 4 I points In a selling orgy in the tho last h hall half u hou I Tickers fell feU behind and quotations notations were abbreviated f for r the first time in is months month Earlier trading was light although prices rices slipped d off oU moderately Then without warning large selling orders appeared Blocks of ot 1000 to shares hares were sold and prices dr dropped in n all sections There was nothing In the news to explain the break It was said to have ave developed when developed when traders trader b became ame discouraged over ability of the r railroad rail road shares to carry through a rise that hat would have confirmed the recent re- re recent cent ent advance in industrial issues Issue Favorites Hart HIt Recent favorites were hardest hit First selling came into Loews Loew's fol lot owing lowing announcement th the directors would be ordered by the management manage manage- management ment to declare a cent 75 75 extra divi Traders hurried to t take kc profits In n. n the issue and it broke more than 2 points Alcohols recently stron strong on higher earnings were driven down U. U S. S Industrial Alcohol lost 2 points and National Distillers more than a n point Steels which had the best news of at any gro group p in recent sessions were depressed Steel common lost more more than a point as l- did Bethlehem Speculators Unload Speculative accounts dumped Radio preferred B and the stock crumpled more than 5 points The common was heavily traded around 5 3 4 Automobile issues were sharply lower Utilities joined the decline J. J I. I Case lost more than 3 points in the farm farm equipments Silvers Silvera were off oU after their early rally yes yes- U. U S. S Smelting touched 4 1 and then broke to 4 1 where it was off ot 4 4 1 points net |