Show W WALL ALL STREET PRICES SEEK A LOWER LEVEL NEW YORK May 1 17 A A few minor stocks showed slight alight fractional gains at t the opening but the general tendency was ivas downward Western Union fell fel 2 J i on reports of friction with the Pennsylvania company over contracts contracts In- In Silver dropped 1 li The mal market et was steady momentarily and Sugar rallied allied to 1271 Selling was wa renewed of Rea Reading and Manha Manhattan tan Missouri l Padde Pa- Pa cic and other leaders and prices dipped well wel below yesterdays yesterday's dose close all 31 around Traders egan began to cover shorts before the appearance of the bank stat statement ment The substantial increase in surplus reserves effected by the loan contraction Induced still stI further covering and there were pretty general recoveries ries eries eries some leading stocks rising a fraction over last night General Electric lost ost e 6 New York York Air All Brake Biake and North American 2 International Silver Siver preferred rose 6 points A break of 1 in Colorado Fu Fuel l unsettled the maket market again after the rally raly an and there was heavy selling gelling of United States Steel which broke loke to 39 The closing ing was active and Irregular Closing stocks stocks- co Atchison 77 7 Atchison prefer preferred d 96 B. B 0 O. C. C A A. 36 G. G W. W 28 C C. 0 O. 45 Erie preferred 66 Illinois Central L. L fc N. N New York central 1513 Pennsylvania Reading 60 Reading first preferred 82 St. St Paul Southern Souther Pacific 64 Union Pacific U. U P. P preferred 87 U U. S. S Steel 40 U. U S. S Steel preferred 90 Wabash abash preferred 43 Gas as B. B R. R T. T 64 Mo o. o Pacific 98 Copper 67 Sugar W. W C. C 26 W. W C. C preferred 47 I 1 |