Show c RAILS LEAD IN MARKET RALLY HALLY Steel and Equipments Are Also AIso In Demand as Ses Ses- Session Ses- Ses SesSion Session sion Closes NEW YORK Feb Speculators 6 G for tor the decline taking advantage of tho apparent breakup of tho the Lausanne conference succeeded In forcing forcing- a re- re re recession cession in prices of ot a number of ot tho leaders In the tho early part of ot stock market The Tho strong Independent ent demand domand for tor railroad shares how how- however however ever evor forced them to abandon their operations and prices turned upward again before noon early losses being recovered and gains of ot 1 or 2 points being quite common at nt the clo cloie e Sales approximated shares Opening prices were Irregular but the tho main tend tendency ncy appeared to be downward in reflection of ot selling pres pres- pressure pressure I sure on the unfavorable weekend end news from Lausanne Oils ary- ary ai rails yielded the most moat Pan Pan I broke 1 points and fractional r re- re recessions re recessions cessions were recorded by Corden Sin Sin- Sinclair Sin Sinclair clair Royal Dutch and a 1 few tew Minor In that group Baldwin drop drop- dropped dropped ped lied a point Wilson PackIng opened a point higher ft It- It ItA A few strong spots developed dur dun during during ing the first halt half hour Lao Ico was pushed up 2 Y points and Willys s Oveland preferred 2 while whilo Famous Pla Pia Leaky ers United States AlcOhol Now New Orleans Texas and Mexico Ideates and nna ana G Gin Gin- advanced advanced to I 1 n- n i oral pral Electric dropped 1 Ig and Sorn Sora Pr PrOducts ducts 1 while Pressed steel stool Car ar American Locomotive Studebaker er anti Southern pacific each lost a point Heaviness also was apparent In bt be Paul preferred Frisco common Read Read- Reading ing tag U S 8 Consolidated Gas Gaa and American Foreign exchanges were reactionary Demand sterling c o to 4 U 67 57 French francs I slumped lumped 21 points to 6 BI Bh- lan g Ian gian franca yielded 20 points to 6 I and Italian lira hira 14 points to 4 I German marks were quote quoted l at WI as compared with Saturdays Saturday's price of ot 50 Concerted buying ot of o railroad shar shares JI steadied the list and eventually turn turn- turned rn ed cd prices upward Low priced railroad stocks tock were Wert heM heavily beastly absorbed and sev- sev sevel sev el Issues N reached ched their highest pric- pric w pric-w 55 et ef f the year rear Including Baltimore Ohio If Ohio Pete Pera Marquette Texas PO- PO Pa Pacific Missouri Pacific preferred RICO showed Improvement and arid a 0 good per por- portion por portion tion of ot the early losses In oils and equipments was recovered before noon Jer Jersey ey Central jumped 7 pointS Steel anti and Tube preferred brokO broke C 4 points to 18 98 Call money opened at Ac 4 per cent The buying power was limite limIted 1 d- d atten af after ter ten midday and although Crucible and Gulf States Steels Steele and Corn Products Product among the tho usual leaders enjoyed good advances variations in the other t- t fa favorites were slight Blight Jersey Central soared to a ft Jump of ot 20 points and United Fruit moved up 4 AmericAn Cotton Oil all preferred dr dropped 2 i 14 and Rapid Tr Transit 1 I The closing was strong Trading became more mon active again In the tho final hour and prices were bid up vigor vigor- vigorously vigorously vigorously In response to an enlarged de- de demand de mand nand for tor the steels and equipments |