Show I OF SELLING Of i STOCKS OF IC ICo ICA A R Pools o in Low ow owE E Rails ai s Also Cointo Corn Com lIe to Let et Go I hed by Harold R. R Smoot Co K Dec Dee 11 Another Another bad tb the rail railway way shares was the prin prin- dent mt int yesterday esterday on the stock ex ex- fAgain iaIn In the stock market had to I r series of ot unpleasant Items Items' oae C news flOWS of ot the day Chief Chet of if tie the e statement of steel tonnage I ed a a. much larger decrease en looked for tor Orders on ox th thie the I steel corporation were over ie at the beginning of De De- less lees F ns ast compared i with the first of 1 Ir This gave a a. more vi vivid ld pic- pic h of the decline In the I any presented hereto hereto- ong L with this were further ret ret re- re t age reductions of a heretO I very b character and tobacco growers Sowers trade taking the same attitude train and cotton raisers namely C sell at present prices would in intolerable in- in fi tolerable losses It was very explain the weakness In the railI rail rail- any other r way t than t that b 1 sold by people tie p-tie who o had of any consideration The rhe truth seems to be that I I pools in the low priced rails active in the market of two j 0 have reached the end of their forced to unload As for I dividend payers It is unquestionably in their doubts their ability unI un- un ne new rates and with the quasi quasi- I a sufficient Income given transportation act to maintain l ta e distribution t r regardless of in industrials At no the ithe day however even when the Ithe railroad section was most were the industrials seriously af- af rr e heavy pressure against mon met with determined sup- sup ilch ich In the end proved effective fresh weak weak- depressed by were we e the market for raws which ellew es- es ew lows for the products td d there here a few specialties were i flown down but the majorities I lylall the representative in the industrial division I Ino no time really weak and aga again n I good account of themselves in insi si Coppers were firmer There j jetter etter tone tOile under a very severe I Iuen uen d by industries which were s in the November col- col been shown on any day lobe Bedford Dedford chairman of the f. f Corn stated today that the the 4 would continue to pa pay Day rn in n the common stock including tIle The Sum Sumatra tra I has hat recommended to Its I t thc he regular quarterly divi- divi 2 0 be paid Another declara- declara p is the statement is- is the president ident of the White Mo- Mo dor pO there was northe no r pessimistic statement Is- Is I nother another official of the company compano lit ta was waa reported that the com com- ont some new finan financing n in t the dividend The i t that t ho he hoped dividends dividend at the present pre 4 I annual there wu 1 no truth 1 about i-fW i w financing American t present at the rate teat tear teaton on common is selling around nj UrB i s Smelting p paying at atthe at the Wiper Iper share sharl Is selling gelling around 31 period of ten years American earned learned an average of perM per M mon aO and U. U S. S Smelting 1 eg of 1640 per cent Both are H b bythe low prices at which copland cop- cop rand land silver silvor ar are Selling Post nt Vill nI of the B. B O. O tells that roads will need a a year to provide facilities 9 ased traffic Believes demand tiun will greatly in- in near eOr future fUllin iI I 11 industrials n 9 off fills 7 1 off Dow Dow Jones |