Show LEADING STOCKS DROP FRACTIONS TO 2 OR MORE STEEL SHAR lEAD DECI I I IBy IDy By Dy VICTOR EU Associated Press Financial I NEW YORK March 7 A 7 A 7 A retreat got under way in stock market with wih leaders back fractions to more than tha While dealings were rath I throughout volume picked from recent sessions session iT T approximated shar shares Brokers found news marno mar no more disheartening th thai last several weeks In f fac fi were occasional items m mor moring ma i ing than otherwise but th thE served as buoying factors l 1 In cases cases M a I Some selling for March apparent t tax tx payments was wa fact again was stressed th offerings of stoc st tE absent 9 Legislation Awaited Most potential buyers buyer same time were content t aside pending vision legislation on Street sentiment at the me mo none too cheerful j Steels Steel along with wih others other forward at the start The Tm led the decline ing an advance of 9 of aj J per cent of capacity weeks week's mill mi operations The ticker tape cameto during the noon hour wl 1 supreme court convened ruling that had been looked the Electric Bond Sha Sli Sh challenging the the utility holding company company not handed down m 1 The lower drift was then i and losers were around loof lo lov lovnA of fc nA resistant Vary's uary's net operating inc about one-half one of the air ait aI year ago Jj Earnings statements statements statements-Jo whole reflected toppling t the end of last year but h there favorable showings c light Pure Oil Oi for joyed a 1937 net of the best in 11 1 years in 1936 The Te mild mid improvement stockE p earning 17 cents versus 12 1936 exhibited strength 1 p Clouding the picture fort for J t motive department were the theof theof tn of R. R L L. L Polk Co i car sales for Jamil 17 per cent below the 1937 with wih trucks and comm commeT c hides dropping 35 per centS cent |