Show RAIL MIL SHARES SHARE MOVE MOYE UPWARD Oil Shares Slump After Gasoline Prices Go Lower NEW EW EW YORK TORK July It 16 Conald Irregularity developed do des eloped at atI stock lock mar mar- market market t I lie be opening ot or today's ket ht Oils continued under pros pro pressure sure In further reflection of or the spread of or gasolIne price cuts At- At AtI lintio At-lintio I Refining dropping 1 too 10 0 points to a 1 now new 1924 l 24 low and most moot or of o the other e issues fractionally on n Initial sales aILle Liggett Myers and Inter Inter- Inter borough Rapid Transit Tran-lt each new nw 1924 1 24 peal peak prices 2 M C ESI l tendencies predominated during the CarlO earl crl hading although althou Independent strength as sho n b a II r feat te rails and public utilities m Irginia Rail a t J Power oer 2 24 points Joncs Phillips-JoneS Phillips t a amer and n Waterworks com common Ron mon l two tilO 0 each ach Pape Stromberg C and nd L S Cat Cast Iron Pipe Pip old sold oft off a point or moro more Additional new ness 1924 1 24 highs nero ro recorded by Omaha vare Ocla-vare eia ware re t t- t hudson Illinois Central Central heeling heeling Lake Erla Eri common and preferred and Manhattan Moderate U Other strong trong points Included a pre Steel Car Union lank and Good car pre pre- pre preferred erred up 1 I to 10 2 points n I p ne i stead D CI Reactions Reaction is mo s re ch checked temporarily b a fresh 1511 of o strength by thi thu th railroad obar shares In which hleb both high giado gado and non dl issues Atchison New X ork Southern Pad Pai fie and nion Pacific mooed mo n cd up some ome of ot the bill Ink Int being influenced bv by rum rumors ore of ot Increased dividend dh pa- pa pa ments ments lalk I alk of dl dividend resumption Hon tion also was an influence In Iho ho purchase ot or the tho los Ion 10 particularly Wabash preferred PersIstent selling 1 of or Atlantic lIe Re- Refining Rc fining forced that stock do n more than four tour points cua- cua mcl Cuia-mcl J dropped three Ihre points J t 0 noon the th general lI list t turned again nl ssi in n n 0 aChIng bloke Smoke out in the steel group United Slat States Slates Seel Sel Sled com corn common cornmon common mon falling below blow pun pat 1 for the tho first time in several daIs caS a and Steel one and halt one half points to a 11 new nw low or the he icar ear Several tolls rails foil fell fella tella II a point or so from front their early cary highs l he Call money opened at 2 per pr ent TONE TO-r Bu Buling Ing Of o tho Iho ho St SI P ship ship- pings ping Intel Inte Rapid Tran- Tran Tran-nt Tran Ht it and New e Haven HaHn imparted a steadier teader to tone tono no In tho the afternoon de- de despite de spite the th pronounced weakness of ot ertain stocks stock Atlantic Refining 1 olee to ny 7 K a drop of 5 G i and lost 3 S A Sinclair got do don n to 15 1514 Th The closing was as as li vi Hea liquidation of the th oil shares roved rosed too great Breal a strain or the tho market and man issues sold eold off in the tho final hou hour Stew- Stew Warner Varner nas as as depressed to a anew anew new nw low at 63 on e ee e ot or a Ige cut In tIne the dividend dl As a IL whole hole a bullish In share shares oday tailed to ralli ran the th general tock list lIt which turned reaction reaction- cry iry ry under heavy selling of the on oil res har ng fono follow Ine omission of or the th Sinclair dh dividend Sales approximated mated f 50 hares |