Show SHARES DROP TO STABLE LEVELS General G a Ge e 11 era 1 Electric E lee t l i c Has Greatest Slide Slide D During Week NEW YORK Feb 27 Dy 27 By T Tie e Associated Press Press-A Press A sharp down down- downward downward ward readjustment of ot stock prices which carried both Ug the ral raland rail gall and Industrial industrial averages to new loy bov levels for the year sUffer money rates and another of ot over In new securities securities of offerings of- of were the high lights of this weeks week's financial markets The decline In stock prices was waI such conducted In fn in t tb the face of o such col tive developments as as the cn t of ot the Dew new tax bill reports cC t expanding ste l 1 operations opera opera- Increasing Inquiries for rail roa roa equipment indications of breaking tirs first quarter pro pro- production production and sales by several ot the large automobile manufactures publication ot o unusually favorable 1925 earnings reports by some of tb the larger ager oil companies companie and along a along alone long lone list of higher dividend an an- announcements announcements INVESTORS ON RUN Trading was Wall largely professIonal In character until Friday when bear selling assumed sufficient proportions to dislodge large quantities quantities titles of long stock representing liquIdation b by brightened invest ors Invest ors OrSi The large number of stocks loaned flat and at a premium however Indicated ed the presence I of a huge bugs short Interest With a few exceptions the sharpest declines took place In specialties which had been bid up to prices not commensurate commensurate with their earning power selling of these Issues has been facilitated by the large margins required require by banks accepting them as collateral on brokers loans Pools In many of ot th these se issues apparently had approached the limit of o their buying power as there was a marked tendency to draw or lower bids whenever large amounts of stock were were pressed for tor sale RUMORS CAUSE FURORE The explosion o or of Wall street ru rumors ru- ru rumors mors more forecasting 8 a a decision bythe by byI bythe bythe I the Interstate commerce commis commis- commission aba sion on o on the Nickel Plate merger last Wednesday and predicting the pUtting up of the capital stock ot of the General Genera Electric Company had a dampening effect on bullish sentiment Listed securities also have bad to compete for tor the in- in investment In Investment vestment of surplus funds with some lome rather attractive new of of- of The reaction In Sn stock In Sn the equipment textiles foods and lie lie utilities General Electric collapsed over overo O points below Its recent high and United States Steel common dropped more than twelve twelve points below the price at which stock nas as a of offered to un under der dec the partial payment plan an announced during the year |