Show Wall Streets Street's Close Is Rea Heavy vy Markets at a Glance NEW EW YORK Stocks heavy General Generl Motors callies cal cal- rl- rl lies lu after 8 drop dull dul second LIberty firm firm teUng sois olse to parity Japanese yen tn from 33 point otton oton lower southern selling Sugar tular ta easy YI commission house reports Coffeo hIgher firmer Brazilian CHIAGO If t cash el- el Corn firm tn predictIon cold wee wee- Oh Cattle strong to hIgh higher r. r steady lead cc NEW YORK Sept 1 19 A CAp drastic market reaction t took Prices I piece of many In of td the r recent stock broke five to nearly fifteen points In a wave of selling which en the general list and caused the fIrst serIous setback setback to the upward In more tItan a month In In- were the hardest hit but several sev- sev eral cral of the Investment rails rais were carried down two and three points point In the mad scramble of traders to get out of stocks The decline which had bad been widely Idely predIcted as a result ot of the weakened technical posItion ot of the market was wa stimulated by the marking UP of the call cal money rats rae to 4 per cent coincident with Ith the calling of about ln in loans The stiffer money rates reflected the operations op- op of banks to strengthen their reserve posItion and the character of the c collateral outstanding brokers brokers' loans General Motors old which touched a new high at on Saturday sold down as low as today National Tea broke thirteen points below Saturdays Saturday's Sat Sat- close flu Pont nine and United States Steel common General Motors new General Electric WoolwOrth United States Cast Iron Pipe American and several others sold down four to nearly seven points Among the rails Union Pacific Atchison and New York Central sold down two to points Extensive liquidation developed commission houses as a of the advices to lighten up on jong commitments The further advance in sterling to within sixteenth one of a cent of parity suggested the possibility of early withdrawals of gold for ship ship- mert to England and a further stiffening stiffen stiffen- ing of money rates The closing was heavy Supporting orders began to exert an influence In Inthe the late afternoon recoveries from the days day's lowest running to as much as five points each In Du Pont and General Motors and eight in RussIa Insurance Houston Oil rallied four and General Electric and Commercial Solvents three Texas Gulf Sulphur crossed 76 to the highest price since the stock split up last year and American Telephone and Midland Steel Products preferred also were con con- strong Total sales approximated shares 5 A. A Hogle c Co furnish the following quotations received over their private wires up to the unofficial close F Low Close Allis Chalmers 61 62 Can American 53 53 Amer Corp American Locomotive Ann Smelt Ref I American Sugar 01 I Am Steel Foundry 53 1230 Tel Tel Tobacco Sod American Woolen 24 24 I Anaconda COPPer 48 Atchison Allied Chemical Baldwin Locomotive Baltimore Ohio Bethlehem Steel 62 packing Calif Edison 38 Petrol 21 21 1151 California Packing 65 62 I 62 Canadian Pacific Cerro do Pasco 84 66 Ches Os Ohio 33 Clot ft Northwestern 05 95 I IChi Chi It I Pac Chile Copper 36 1654 Cob Fuel Iron 82 80 1 L Corn 60 60 Crucible Steel 91 91 Chrysler Motors s I PosIes Bros coins 17 1851 pfd 60 DuPont Erie 80 60 El Pow Light 29 2814 Elect 1354 1351 Players S Fisk Tire 17 1851 Fox Films 66 11 General 71 Goodrich Rubber 77 74 77 Great Northern pfd Gulf 41 44 Hudson Stators Hupp Motors ISA 1531 Nickel 66 85 Kresge Co 73 2 Kansas southern 63 63 03 Copper 76 74 31 Loews Loew's Inc 01 Magma Copper 41 Miami Copper 1534 1513 I Missouri Pacific 54 53 54 Montana Power Ward 76 Oil 36 35 I National Power Light 2414 23 SO i 1 National Lead lIa Nevada Copper 11 16 1674 I New Yori Central N YN H d Hartford 50 50 Western I Northern Pacific 08 04 05 NatIonal Cash Register 47 46 North 55 Packard Motor Car 40 Pan Western 2054 2014 2034 Pan American Pet II 10 49 Producers ft Refiners 25 2454 2593 76 Pure Oil Pennsylvania Pressed Steel Car Republic Iron Vs 66 60 Corp 65 64 65 Shell Sinclair Oil o Bet 17 17 1733 Southern Southern ailway 1374 Standard Oil of Cal 53 11 do of New Jersey 30 Studebaker Corp 51 07 1851 Seas 75 73 Warner Stewart 65 Texas company 50 50 Texas Gulf Sulphur 77 77 Is 13 33 Tobacco Products 99 18 Transcontinental Oil 7 74 74 U S Industrial Alcohol 77 U S Smelting 41 U sI Rubber 63 U S Steel 55 Steel 54 1 51 Western Union Westinghouse 85 01 Overland 17 1654 36 Western PacifIc 42 41 41 Woolworth 29 Money 4 I 4 |