Show N. N Y Mart Prices Retreat As Volume Holds Hods Light NEW YORK May 12 Prices retreated quietly Saturday Satur day in il the stock market market satur 1 The volume of business came cameto cameto cameto to an estimated shares for the tile hour 2 session A week I ago the total also was light at shares Among leaders the widest loss stopped short of 2 a share and most of the decline was measured measured measured meas meas- at under 1 1 I Farm implements had a few of wider the the wider losses The National Production authority has ruled that producers ers of farm machinery machin cry ery er in the third quarter this year will wil have to be content with the same amount of steel they used in the third quarter of 1949 Marked down clown were J. J J. J Case Caterpillar Tractor Bethlehem Steel General Motors U. U S. S Rubber Rub Rub- her ber bel Southern Railway Cities Cites Service Du Pont American Can I and American Woolen Curb prices moving lower inI including in in- I eluding Aluminum Co of America Ameri Amen ca Arkansas Natural Gas A I Colts Colls Cols Mfg lUg Fansteel Metallurgical cal and Humble Oil Oil In the final hour the market dropped as traders rushed in to sell sel Previously the tendency was for the pace of oC trading to slow slowdown slowdown slowdown down immediately prices tipped to lo the downside With Wih the failure of support to lo develop on the dips and with taking profit taking standing ready on tile the bulges Wall Wal Street is hearing hearing hearing hear hear- ing the term intermediate reaction tion ton more and more |