| Show Sh Selling V Javes B iler Ier S Soth ok NEW V YORK Nov 28 P Sell Wi-Sell- Sell Sell- ing ng waves impelled by the shock of Chinese Communist aggression in Korea orea Tues Tuesday ay battered down stock marJ market et prices from 1 1 to more than 4 a share The decline the severe was greatest great reat est since the start of the war in Korea vorea brought on demoralizing selling late last June Trading spurted as the fall in prices ices n-ices gained momentum and there was a noticeable slackening in the pace when improvement appeared in the price structure Quotations dropped abruptly at atthe hc the opening and within 10 minutes the ticker tape was running funning behind floor loor transactions Most of the thelea lea leaders ers made the first appearance appearance on the tape in large blocks a move necessitated by matching matching- buying and selling orders at an agreed I price to maintain an orderly market manteL The rush to sell about spent it itself by the end of or the first half hail hour and the tape was clear but the pressure was maintained all during the first hour From that point until shortly after slight recovery tendencies were noted Then the downhill drive resumed Every section of the market suf suf- Steels motors and chemicals chemicals chemicals chemi chemi- cals tried at one time to beat back the extreme losses but to no avail Leading on the downside were Nickel Plate which was off orr as much as at times U. U S S. Steel Bethlehem Chrysler General General General Gen Gen- eral Motors Studebaker Goodrich Montgomery 1 Ward Yard Schenley Admiral Admiral Admiral Ad Ad- miral Corp Phil Philco co Motorola General General General Gen Gen- eral Electric A American m c r i c can a n Can Phelps Dodge American Telephone Telephone Telephone Tele Tele- phone Santa Fe Gulf Oil Standard Standard Standard Stand Stand- ard Oil of New Jersey and U. U S S. S Gypsum Commodity marl markets ets shot upward upward upward up up- ward on the war developments and most of them maintained their gains |
