Show Wall Wal Street Closes He Heavy vy NEW l YORK i March a Stock tock tk prices price rl I c crumbled to their lowest e levels o of the tho year today with wih Ith selling Inspired by the growing Browing bearish sh sentiment the further collapse In wheat prices price and higher call cal money rates rate rate Selling uro center d A at frt first In the easters eastern easter coaler coaler but soon Boon spread to other part sot Bof the tha list United States St Steel el Baldwin and many many other popular rails rais and Industrial favorites broke 2 points poInt point or more below their preVious previous pre pre- resistance levels level Total sales approximated approximated ap ap- ap- ap T. T shares i Reactionary tendencies prevailed throughout most of the morning moraine with selling inspired n by tho absence of any effective t v week end e buying Its support o and higher call money rates United States Steel te sagged Jo to another Other new 1925 low at 11 Y in relatively light trading The eastern coaler coaler were In free supply the reduction in anthracite prices effective this w k providing an excuse for the tha selling Lackawanna Lackawanna v Western estern was hammered down five fhe points point to a ne new years year's low at 16 Other weak weak spots spot Included Iron product products I. I Reining Reining- to ton Typewriter American Hide Ilide Leaher Loath Leath- Leah Leah- er r preferred feed United Fruit and Texas Gulf Sulphur to 4 points A slight recovery recover It set In around noon United states Hates Steel moving bade back to and American Can Can Mack Slack 15 Tr Truck k and Texas Gulf Sulphur rallying a point or so from their low figures Call Cal money renewed at 4 per cen cent t th the scarcity scarcity scar scar- I city of supply reflecting the heavy month end l demand for funds The persistent chipping away of ot prices without much In the way of actual news t to explain the selling ceIling had a discouraging effect on sentiment and prices of May shares went to still lower levels level In the early afternoon Reading heading sold at 70 70 Baldwin at New York Central at 11 and Canadian Pacific at Elsewhere Else Elsewhere where there were man many declines liaised of one to three points The closing cosIng wa was heavy heay United Slat Statts Cast Calt Iron Pipe broke 20 points point to 62 General Electric 12 1 and many nany others 6 I to 6 points before sufficient tany buying support support sup sup- port was forthcoming to check the de de- de dIne cline A moderate rally raly got under way towards the close during which many moved up 1 to 2 points from their low 10 levels level r I |