Show SHARP DECLINES S SON ON WALL STREET STRUT NEW EW YORK Jan 2 The The opening stock market today Ignored tho the Influence of iho tho ho higher prices In London caused b by bythe bytho the tho reduction In tho the Bank of England England's discount rate First Kirst prices prIceR showed sho sharp recessions Tho The depressing factors factors fac fcc tors tots were tho the application for a receiver of or tho the Seaboard Air Line and reports of an on Intended o suit to dissolve tho the Harriman Pacific railroad tion Union Pacific declined n II Southern Railway preferred arid and Southern Pacific It 11 Southern Railway St St. Paul Grout l Northern ore certificates and Am- Am American Smelting 1 I and Northern Pacific Atchi- Atchi on aon son Penn Pennsylvania and United States St el preferred large fractions traction Granby Mining rose 1 i 11 and American Tobacco preferred 1 1 Prices continued to give way on light II offerings The Tho acute weakness displayed by tho tim HarrIman roads and group groups discouraged general buying Central Railroad of ot New Jersey 4 I. Louls Nashville Atlantic CO Coast t Line Southern rn Railway preferred Union Pacific and Vesting hous EI Electric 2 to 21 MIssouri Mul Pacific find and Northwestern U. U A Atchison ErIe Eric first preferred and Western Union U. U I United States Steel s preferred U 11 and Great Groat Grat Northern preferred Northern Pa Pa- cHIc Pennsylvania Jr Now New Haven Amalgamated Amal Ama Copper General Electric International Inter national Pap Paper r preferred and Adams Adam Express Ex Ex- Ex- Ex press presa 1 1 A substantial raJ rally reduced declines materially and lifted a a few fw active speculative speculative laUe stocks Tu Tuesdays Tuesday's coln closing level American Sugar Sugar g gained 1 and Northern orther Pacific Reading and Illinois C Central 1 1 Additions declines s were cro Nashville Chattanooga Chattanooga Chattanooga Chat Chat- an and St Louis 2 2 Colorado Southern Souther first preferred 1 U and Iowa lows Central and American Car 1 Bonds w were wor r easy eaY Transactions dwindled d and Interest waned WanEl as s the market markot approached apathy at Tuesdays Tuesday's closing cosing prices There was quite quie a I brisk rl rio o In the afternoon which commenced In Reading Northern Norther Pacific and New York Central The general market gradually started upwards upwards up up- wards after the leaders had hall got well un under tin un- der ier way Northern Norther Pacific rOH rose 3 ReadIng ReadIng ReadIng Read- Read Ing 2 2 New ew York Central 2 2 Ore Great t Norther Northern North North- ern erit er preferred and American Smelting Paul and ami l and Union Pacific St St. Amalgamated 1 The market closed strong at top prices anc Ad Advances 1 In the final hour con continued until until until un un- un- un til palos aos by hy room traders t to tho the profits Interrupted Federal Mining preferred was carried up Ul 4 Pacific Coast 3 3 Reading Read Iliad ing 31 Now New York Central 3 3 American Smelting 28 Union Pacific l 1 11 i Pennsylvania Pennsyl vania vania and America Cotton Coton Oil 01 1 U 1 Missouri Missouri Mis Mis- 18 Pacific 11 1 and 11 Canadian Pacific Southern Pacific General Genera Electric Anaconda Anaconda Ana Ana- conda General Electric Anaconda and d Colorado Colordo Fuel Kuel Juel 1 or moro more The Tho profit taking taking tak tak- In ing caused only nl only fractional recessions and prices hardened again |