Show Stocks Resist Bid to 10 Raly Rally V N NEW YORK Feb 7 UP Losses Ri-Losses Losses ranging to around aroud four tour points points' prevailed pre pre- at the close cose of Mondays Monday's I stock market after an early rally raly fizzled Some issues finished above their low ow point for the te day but the net result of the session was a refusal i to follow the effort efort by steels and motors to r reverse rever e V e r s e c last weeks week's sharp decline It I was as the busiest full ful session in ina ina i a month with turnover of around shares Rail Rai oil oi and chemical shares were vere among the hardest hit by the days day's selling Several attained new 1948 19 lows among them New NewYork NewYork NewYork York Central Southern Pacific Baltimore and Ohio Atlantic Coast CoastLine CoastLine CoastLine Line Texas Texa Co and Standard Oil Oi N. N J. J Stocks s sub subject u b j e c t to the wider downswings included Allied Aled ChemIcal Chemical Chem- Chem Ical cal Du Pont Font ont Superior Oil Oi of California Cali- Cali Cal Cal- fornia foria Standard Oil Oi of California Santa Fe Dow Chemical Chemic l American Amer- Amer lean ican can Can and Gulf Gul Oil Oi U. U S. S Steel and Youngstown Sheet slipped to tote the te losing side with the others General Motors clung cung to part part of us it ts initial inita upturn Directors prepared prepared pre- pre pared to take dividend action acton after the Jie te market closed cosed Disappointing to many market followers was wa the failure of the theist list to draw a stimulus from the morning moring gains registered by motor and steel shares Grain Gram futures also were unable to hold to early advances |