Show STOCK MARKET DROP CHECKED Entire List Rallies as U US S Steel Moves to High Ground iE Jan n 21 an Th TI A k in In Mock I pi Ie Ices I b by Ih nl tIl Ih 1111 of or brokers lOAn loans 1 lie public begin beginning ning next nt month 11 a w ly Iy ch I 1 l tills hm lie entire rill rill- until th laI lc l T hll l p of or ll Ital Sled IId o ring op rn 1 I ha Mith Ith oh lilies Ius II American rl an ao I Atlantic OIL Coast i Line n l I ro t I In 1 3 to 1 points SEW EW YORK Jan 20 3 0 By The ASSOC Press Press Heavy liquida liquida- liquidation liquidation tion of speculative account pre pre- presumably pre presumably Inspired by Hit decision ot of he h drol reserve board and ew 1 j York stock exchange tomake make the amount oC o brokers lonna tOI unsettled 1 price In tock market liis harts hars were the th hit S S S broke iO O points to 17 Roebuck fell ell 4 and 1 worth Wool worth S 3 Recessions of o 1 to 3 were quile In ne nl list with placing of sup sup sup- orders b by powerful as ns a brake on he Short cO co and a re- re re of pool operations In In- In l Issues brought Intervals of In the tho early afternoon 1 trong demand developed for Oil which was w s lifted 1 3 to a a new high record at 53 Gen Gen- ral ra Motors also was conspicuous on the early afternoon Trad Trad- Trading j ing was In substantially tn 1 total sales Int he three hours hour running above e 1100 shares as ILS In Ine same period yesterday OIE iI iG I Apprehension over or the I decision I 01 federal reserve and stock e- e cx change authorities to publish of-I of of official on brokers loans to exert a 0 In- In InI In Influence I fluence luence in stock price at 11 the opening ot of today's loday's ct Sell Selling ing pressure was ns exerted against most of the leading g ralle and In- In Industrials In Industrials with Initial losses of a or so registered by Chesapeake Chesapeake peake Ohio Du font worth Wool orth Foundation com company any and Ludlum Steel SO SOME IE EHr The general agreement of fi- fi financial fi financial leaders leader that official sta- sta sta on brokers borrowings have a It nce nce helped to allay ars over this Innovation he market an opportunity to re- re over re-over I over Its it equilibrium Short cov- cov and outside to re replenish Investment lines aided the th reel ally which which which- however howe did not under way until a score cor or 01 more shares hal ha 1 o 2 points Aa s support port p ap-p I ared most mo t of the eai ly loses I In the motor group were concerted Into Info In and at nt hll h end of the first hour Can Baldwin Hudson States American Smelling and Atlantic Coast Line welt 1 to 2 points above la l closIng Pressed Steel Stel car broke almost 4 points and United Slates fell ell back to before betor It met support changes opened steady steady with at L Although constructive dad the benefit of the effect on sentiment of a 0 reduction In the re- re renewal re renewal newal rate for Cor standing call caU from 4 h to 4 per pel rent cent they ere unable to 10 hold Iho I ho market t tresh resh outpouring of The trong tron rail rally which carried over Iwo score Issues from 1 to 4 poll Is t I above bove yesterdays yesterday's final prices w 8 1 i availed of of for extensive and short selling Prices f man many and went below their thelt earlier low Icv- Icv III particularly the equipments so n In Ol n The closing WI was stead steady f southern and southwestern coupled with a renewed de demand de- de nand mand for tor the oils and specialties a a firmer tone to the mar mar- marI market I ket et In the final hour Frisco lumped almost 3 points on hat Important developments might be at tOday's meeting of the executive tre t e and the Atlantic tle Coast Line M- M re rebounded bounded 4 points point Gains of 4 to point also were recorded by ash Motors National Suret Surety Rossla Insurance Total sales Ap Approximated shares |