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Show STOCK MARKET CRASHES TO NEW LOWS SINCE MAY, 1936 PRESSURE HITS LIST AT CLOSE By ELMER C. WALZEB I alUd rraaa riaoaetal Edits. .NEW YORiC Bsptv HWAnothar filing drlv, sscond only t Uiat of Thursday, forcsd stock markat pricas down Friday to nsw low tar sis sine May 11, last, wkh Iosm ranging to I point. Velum lr crcaasd until tlcksr wsrs fly Bin utra lata nsar tha cloaa. Sals In th fourth hour, whan prssaura was most Tr, totaJad .10.000 aharss, bringing transactions lo that tlms to 1,110,000 aharsa, mors than tha antlra aaaaloa Thursday. Th Dow-Jons Industrial avaraga at 1 p. m. was at 1MU, eft TU point from Thuraday and a nsw low lne July , 1J. The railroad -avaraga touched 4210, off l.M and i a new low sine January (, lfttt. Th i utility avsrag sank L01 points t . M M, a nsw low sine Ootoaer T, I US. Th compoait of tha arw I age hit M tT, off 15 polnta, and a i new low alnca May 11. lMd. Crasb U New Lawe Several hundred Issue mad new low for th year or longer. Reasons for islllng wsrs not la th news. 'This la eartalnly no war scar man kef," one broker said. He attributed . the break to technical oondltlona within the market itself. Prices were firm for a tun early, but when It waa difficult to carry on yatrday'a rscevery, trader sold. Short aslling was resumed oa a largr aoale. Report that another hitch had developed la railroad wag negotiations negotia-tions broke rail to nsw Iowa. Other group followed. Widest decline were la high priced stocks. ' Maay lee ass Slump Allied Chemical touched 100 T-a, a new low, and off 14 1-a. Wheeling Steel preferred at 101 was dowa 1L WostinglYoue Electric mad a nsw low at 1271, off 104. Case gar up point ta 141S4. Preeuwd Steel Car second preferred oraahed to a nsw low at M, off U. 4 Other wld dscllasa wsrs made by United 8tt Btssl at 2 T-. off 1-1; Bethlehem Steel 10, off T; Chryslsr MVi, off Vt: Deer noVs, off 7S4; Du Pont 143. off Ttt; International Inter-national Harvester M, ff IVt; Philip Morrla 12, oft TH; Unloa Carbide U, off IK. and Youngs. . town Sheet and Tub M14, off , |