Show Selling Alack Attack Rocks Stocks By V William 1 I a D. D Horgan NEW V YORK Feb 5 CD P-A P A A new selling attack atack walloped the te stock toc market Saturday following Fridays Friday's Fridays Friday's Fridays Friday's Fri Fri- days day's drop Losses of or fractions to as much muchas as 3 S points piled pied up for a wide variety of key issues Business was unusually fast for Saturday Many Issues scored new lows laws for 49 1948 8 19 notably In tho the rail rai and od oil 01 groups Among them tor were Standard Oil 01 N. N J J. J Texas Co Pacific Western Oil 01 Illinois Contral Cen- Cen ral Baltimore Ohio Southern Pacific and ad N. N Y Central Centa Brokerage quarters reported that hat the te current steep slide In commodity commodity com corn prices has haa hC created widespread widespread wide wide- spread deflationary psychology in inthe inthe the tho financial district district In I addition additon these tes sources say many speculators in commodity futures have been forced to raise ralsa considerable sums of money to protect their position Much atte of at he the te money is coming cominS from these tese emergency emergency sales of at stock stack Reports from Wall Val Street indicated indicated indi indi- eaten that tat buying by group funds and ad investment trusts was providIng provId- provId Ing inS ng tho the market with wit a moderately comfortable cushion The bulk of trading again was wn mainly by professional elements clements |