Show ML VIALL STREET liST HEAVY Stocks Rally Then Yield American Can Goes Lower NEW YORK March Stock 21 21 prices opened firm on octh active e short short short- cov CO cling In today B s market and then Ihen turned heavy hoay when hen hen selling J pressure was sAs renewed against the pivotal Industrials Industrial and ond other r recent strong irons spot spots Heavy profit tak- tak takIng tak taking ing log In the tue Pan Fan American Issues Isue resulted In a cancellation ot of the early gain while United States Steel American Can and Baldwin ere ere hammered down 1 to 10 3 po In below last lost night s a closing quotations tute ule de- de de developed In Rapid Tran Tran- Transit Tran- Tran Transit Transit sit sit which broke broko 6 63 points poInt to 17 a a now new low for tor the sear car hun Iness also was wa noted In 81 St Paul preferred Norfolk Western Crucible MacL General Electric Texas Texa Gulf Gult Sulphur and American Wool Wool- Woolen Woolen en 1 l ho he coso coe wan as heavy Total sales approximated 8 00 shares OiL I OILS nn r Stock 11 prices Ices a strong lone at ot tIe opening ot of the mar mar- market market market ket which wax ao as featured by the demand for tor or the oil shale Initial gains ot of o a 0 point or more ere ere recorded by ke Ohio Pump United States and ond National L Lead ad United Steel common Bald In nd American Can each opened at small fractional u GS The recover reco which started ies es- es esterday esterday made further progress early as fresh tresh power as as supplied tot foi various arious sections ot of the tho list lit United States Coot Cast IronPipe Iron IronPipe Iro Pipe jumped lumped 3 points a bled Spring and American Cx- Cx Ex Express press 2 each Loose Wiles Viles Bis- Bis Biscuit Bis Biscuit cult American W Waterworks 1 to 1 to a 0 new record top at 48 Among the Among the many issue iesue to show gains saint ot of ofa ofa II a point or more were American Can the tho Pan Americans Marine preferred Remington l Fi Isco preferred and United Drug Trading was In good volume Ith the of o the tho advance In Inman inmans man mans Issues suggesting urgent hort cove Ing foreign exchanges opened stead demand demond sterling ruling unchanged at 4 77 and slightly to 5 c ci i y NEW NEM YORK SUG Ml UI NEW DW Oti 1 March Starch The 21 21 The raw sugar market was as as unchanged today with spots quoted at lit 4 Hc duty p r paid Jd id The only sale salo reported as 20 oon bags of ot Cuban to a local refiner for tor April shipment Raw flaw sugar futures were steady on covering g and a little outside buying prompted by the steadiness ness flees ot of o the spot pot market marlet Final prices ero unchanged to 2 points net higher closed at Sc May 3 July 3 Uc lic September 3 Refined rugar was quiet agaIn with list prices s unchanged at 6 00 to 6 tor for tine finn but most r refiners were vere still accept accept- accepting accepting ing orders below their list levels leHI futures were ere TV ere nominal Sugar ugar futures closed steady approximate sales ton tons March l 3 JOc May 3 2 JulY 3 September 3 FOREIGN FOREIGN- 8 Gh EXCHANGE R NEW X Oi March c 21 For Foreign eign exchanges steady quotations In cents Great Britain domand demand 77 11 cables day 60 bills on ons s anks tanks 4 France demand 5 18 cables 5 6 18 11 Italy Ital demand 4 06 cables 4 06 3 Belgium demand 5 B 06 Germon Germany Germans demand n 23 SO 80 Holland demand 39 86 1 demand 1550 S oden demand 26 9 Denmark demand 18 14 Switzerland demand 2928 1928 Spain demand 14 29 Greece demand 1 62 Poland do- do denand de demand I nand mand 19 Czechoslovakia II dc-II do- do domand de demand mand 2 9 A demand I 1 58 84 Austria demand I Rumania demand 48 Argen Argen- Argentina Argentina tina demand 39 62 brazil de demand de- de demond demand mand mond 1120 demand 41 Shanghai demon demand 74 14 Montreal demand 99 29 32 00 00 |