| Show BEARS RAID ENTIRE LIST US Losses of Form One To Three Points Are Common NEW v fl YORK July 27 Protes 27 Professional speculators for the decline forced a material recession In prices In today's more active stock market Reports that Se several eral all companies were ere in need of temporary tem temporary financing and the or unfavorable tem tem-I able foreign most of the selling losses loss of ot 1 to 3 points being quite common Sales SaleR approximated shares The closing was as weak Short In- In inte In Intel te tel eats ests launched another attack on the list In the late Into dealings and prices broke sharply In all Quarters More than a score of stocks In- In In Including U S Steel dropped to new low records for or the vear ear ar cutIA URr Opening prices were heavy sell sell- sellIng sell selling ing pressure wa was again apparent In Inthe inthe inthe the north northwestern estern rails and a Il num num- number flum- flum number ber of standard Industrials and specialties Including Baldwin Studebaker Sinclair and Marland all of which Bethlehem Steel Stel ads advanced ad nearly a point In reflection of the fa favor ble or orble statement ble bie earnings and U S Steel and Sloss Sheffield Bloss danced d In S sympathy I II Northwestern orth rails continued I ell Great Northern and Northern Pacific each drop drop- dropping dropping pine drop ping more than a point to new low 10 records for the tIle ear Amer Amer- American Iian ican Express oft off 2 also alo touched a ne new low Standard Oil of Cali Call California California I fornia and Reynolds Spring each about a point Schulte Stores ad lanced 1 The rhe coppers web el e firm Foreign exchanges opened heavy y German marks touching a n new low 10 for toe all time at cent or to Jh LIQUIDATION LIQUIDATION- GENERAL Selling for both accounts as- as assumed as assumed corned larger proportions durIn the and the general list weakened with Ith the rails and oIls snowing the largest larget losses Great Northern preferred and Northern Pa Pacific each extended their losses looses to nearl nearh two to t o points and Te Texas Te compan Canadian Pacific Reid Reid- Reiding Reid Reid-ing Ing common and first preferred Chicago and Northwestern St Southwestern preferred Che Chesapeake and Ohio and Wheeling and Lake Erie Irle preferred droPPed I 1 to 1 Western Union broke broko 3 points United Fruit 3 and Foundation Foundation tion Ion company 2 while hilI Baldwin May department stores and Nar- Nar Mar land land Oil were re depressed 1 to 2 points Call money opened at 5 G per lIeI percent percent cent Liquidation became more general JI the early afternoon and early losses were materially extended i Some of the rails ralls oils and automo automo- automotive th tive tise e shares sold Bold nearly 3 8 points be- be below below be below low yesterdays yesterday's closing Steels 1 to 1 l and a number of other Industrial specialties w ere down n a point or more |
