Show SPECULATORS LIQUIDATED TED L iU lA Moral Pressure Exercised in Rock Island Discipline Case Had Strong Effect ARE WATCHING WASHINGTON Steel and Union Pacific cro Freely Sold I AntI And Stong Strong New York York Ja Jan wa waZ heV heavy lIquIdation ot of speculative holdings of alon stocks throughout the weck week The Tho moral I exercised In connection with the tho administered for tor the tho Rock island manipulation on De Dec Z 27 WI WOM be believed to have forced the retIrement of at lome some Important speculative commit commitments ments ment Beyond thIs a movement I wa was to have been planned for tue tho opening weeks or of the tho now new yer year to tko take advantage of easing money monc mar ussr and the general public demand for al genera stocks which It was I hopel hoped would bo be stimulated The he demand proved n iciest to absorb s the liquidation tl a g i Prospective UI o in the molY money market markot are arc t supposed to necessitate tho retrenchment of outlay for speculatIon The Tho course of events at Washington I keeps alve alive consideration ot of relations be beno between tween the government and cor no nl I The he most noteworthy feature of oC the I Opening of the s stock market today a was the sale f of l of United States t Steel nt at 54 I as against yesterdays closing price of S 5 Business s was In fair fairly ly lage volume and further extensive declines were registered ant especially In American Smelting which lold sold of off I 1 Central Leather and UnIted States State Rubber 1 and In 2 2 The rest of oC the tho thoI I list lt moved mewed In sympathy wIth the tho Ua itS tive Issues Opening price prices were the tho lowest made In Use Important stok stock the tue market thereafter coin goine up briskly on heavy heMY buln buying for both beti accounts Man Many of oC the standard stocks made overnight gaIns of a point and the list in general r ruled nd n shove eo yesterdays t d closing I Reading Southern bouthern Northern la Ia Delaware Hu hudson son Atchison on Wabash rose roso 1 Westinghouse Electric broke II I but r to covered hol half of Is its Joos loss Tito Tho market closed active ad and strong Selling was resumed which was pl par particularly effective In Unon Union ant and United States Steel the tho hatter breaking to S 54 When prices had been down to about the low figures current at al the tho opening supporting orders were distributed and the dechino was checked Prices then thea started upward with 1 tl I a rush to the tho top love level of the clay St StPaul StPaul Paul Souther Southern Pacific Amalgamated Copper Ind and R Reading sold points over yesterdays 08 cole close and the majority of oC other tocks a point or mor more |