Show STOCK MARKET HAS REACTION Rails Hold Finn Pirn Despite Bonus Recovery Fol Fol- Follows Pol- Pol Follows lows Slump NE NEW YORK May 20 Derl DerlIng DeriT Ing It Its initial Impulse from the passage ot or the soldier bonus bill billo 0 oser er the presidents president's eto a 0 reo is- re reactionary movement mo In prices In today s 0 lock market maret carried sev- sev several sev several ev eral cral of ot the tho Industrial leaders down 1 to 6 points man many of ot th them m soll- soll InK ell log at nt their lowest lowet price of ot the year Ir A brisk recovery na as fol- fol tol loosed d by another nl wave ave avo ot of o saIling included the rails Ith closing prices around the lowest lost of oC the day Sales approximated 70 i O Passage ot of o the soldier bonus bill over the tho- presidents president's pr veto brought a flood of ot selling lolling Into the stock market markot opening prices of Industrial and lid railroad showing losses of one to ta American Sugar Ro Re- Re RefinIng 3 14 points toI I fining Crucible and sod Gulf StAtes Steel DaVISOn Chemical New NewYork NewYork NewYork York Cen Central ral American Woolen U S Industrial Alcohol and Ovel Wl Willys-Ovel Willys land preferred sagged on Initial 1 to 2 points BaldwIn broke broko 3 points to 10 States Statu Steel new low United to I dropped 2 to 95 i and G General Electrical broke Sh- Sh 3 33 r It 11 now HOLD FIRM IRI TIle The break brcak was waa on one of ot the I Du flu flu- in recent mouths and U S Cast Iron Pipe pont selling lIIng sl six points poInt below yesterday s final The lowest prices prIce were recorded in the first few minutes minute a brief recovery recoverS setting In before the end of oC the first half U S Cast Cart Iron PIpe bour i 4 and BAic Baldwin I American e l ln n Can Can Gulf Gul Stats States Steel and several others ono onoto oneto l Except for tor the to to too I points poInt drop In N New Nea York Central i ithe the rails held beld relatively ely firm New I cw Orleans Texas and MexicO ad- ad 3 S points to 12 I II I a new ot or the theof 1924 hIgh In reflection declaration of a specIal dl For For- Foreign Foreign For cash cent In of 16 It per eign exchanges e opened Ion 10 loner cr ci SO SOME IC RECO tIlING G WIth the Initial drop In prIces exceeding all e expectations short Interests rushed to co cosor r coming coining Into competition u fIb Ith Others ethers whO had been a a ta opportunity to accumulate stock at lower Ie levels els Prices snapped back and about half bal the early los loss losi was recovered on till this movement ment Trading then quieted do down n Ith speculators speculator awaiting further developments be- be before be before active operations on fore tore either side tide neco Recoveries rles of 1 to 2 points sere cre scattered red Ing industrials and substantial ad ad- ad lances ad-lances In iii sonic some of th the took tool place anc s less active Issues Including Pull Pull- Pullman Pu man 1 man American nn Radiator Brook Brook- Brook lin I n Edison and Packard pre pre- pre preferred erred D roe noon hO el a al of or pressure presUre against Bald ln cLus d a huh shading A J Aper opened at Call ot of p pi Ices moncy money per cent C C 0 STOCK RI RISES ES Chesapeake and oDd Ohio registered re I th the highest st and the AmerIcan Telephone the 10 lowest loosest esl prices of ot the par durIng the courbe aCt afternoon trading American Telo- Telo Tele Telephone phone went nt down n 2 i to on the announcement of oC a new USO- USO 1 0 stock Issue Fisher Body DodY broke 13 points to 10 1 4 and Hears Roebuck Associated firs firs- Do goods and orth ool 2 to 3 points Prices of In- In in du d oft off slowly ly The Tile closing was as neak 01 U li S oSteel Steel slipped of oU to 95 a l new low for tor the sear icar and Baldwin touched another new ne bottom at IG a Investment rails also rave gave way hll while shile one block of 12 shar shares of Corn Prod Products changed hands at 24 34 |