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Show PRICES DECLINE WITH DROP IN TRADING ON N. Y. MART FIRM REPORTS ARE FAVORABLE By ELMER C WALZES United rraea flaaaeUI Editor JIEWTORJt-Oct 17 Trtdln on th. tteck market fall further Wadneaday and price, receded for th. fourth time) In flu .aeaalona. Bonds alao declined, except U. . gov.rnm.nta, which roe. agalnat th. trend. Commodltlea were mostly most-ly lower. Cotton future, eased after early atsadln.es. Wheat lost 1 to J cents a bushel and October corn dipped 3 Si cents. Rubber futures fu-tures mad. new lows sine January. lM. - - Corporation reports eontlnusd to mak. a good showing. Th street sccepted th. U. B. Steel report and divldsnd as favorable. Steel common com-mon opened at th. previous cuts, ros to MS. up 1. and then receded re-ceded to around yeetsrday's last of M. Th. stmt awaited tha Cenaral Motors report after th. cloa and othsr major ataUmtmta bofora making mak-ing further commitments la stocks. Mesnwhils, thsr. was an squally strong tsndency to withhold selllruj on a large seal. Bts.1 shana held fairly wall en a suisrestion In tha wsekly Iron Ags sut.rn.nt that th. bottom of th. rscsslon In that Industry had been resched. Lat. In tha day small gains wsr. notsd In Rspublio Bts.1, National Bts.1 and Bethlehem. Inland In-land declined ns.rly 1 polnU In tha faca of a good earnings atatam.nt.. Tha company In th. first nlna months arnd M 02 a shara, against $6.02 In tha corrsspondlng porlod of UH. Chrysler fluctuated between tl 1-f and TO and near th. eloas was frao-tlonally frao-tlonally und.r Tuesdsy's last prioa of 6. Gsnsral Motors gav. a alra-llar alra-llar performance. Bteadlnet. In motors mo-tors was eolncid.nt with opening; of th. New York automobll. show, Au- tomobilo manuraotursrs wars moo srstsly optlmlatlo on th. future, but cautious pending publle rscptlon of th. new model at higher prioea. Railroad Issues war off fractionally fraction-ally In light trading. Electrical equipments wsrs steady. Westlng-housa Westlng-housa Blsctrlo ros from VI ta 100 Vt and than dlppsd slightly undsr th prsvious cloa of M. Utllttls sassd fractionally. Cop-par Cop-par wsrs off fraction, to point. Philip Morris Jumpsd 8 to 11. Cat. lost I points and Deer. ros. a point Dom. Mines was up nearly near-ly I points. Standard Oil of New Jersey ros mors than a point. |