Show NEW WEAK SPOT IN WALL STREET Speculative Selling Kelt In Check By Reassuring ing ing Statements NEW EW Tom TORK March 2 ny The Associated Press Heo Press Heavy sell sell- sellIng sell ins Ing of ot public utility shares man many ot of which broke five tho to ten points to tho the years year's lowest levels todAY reopened the stock lock market to bear and prices throughout the tho list crumbled away sharply toward close dose Supporting order which had stiffened the market In the day apparently apparent were weN withdrawn Io American Waterworks Water Waterworks ter works fell ell 9 points North Amer ATner- American ican 84 S and National Power Light k Light Electric Power LI ht and Public Service ico of ot New Jersey 5 to 7 points A terrific selling attack also was launched against I ues In the late trading with Hudson almost 14 I points And General Motors about 5 S points The closing was heavy beavy b avY Sales ap- ap approximated ap approximated shares NEW TonK MarchB March BY 2 2 B ByThe The Associated Press Necessary Press Necessary liquidation of stocks as a result ot of othe the recent dramatic collapse of several pools appeared toba o'hare run Its cour course e In most Issues In today's tod stock sock market although new weak eak were uncovered b by bear trad trad- traders ers rs particularly In the public util- util util utility ity fly section Easing of ot the call money rate to 4 m 44 per cent and ot reassuring state state- state rents on business conditions by administration officials I kept ept spec spec- speculative speculative selling telling In Incheck check Brisk ral- ral rallIes rat ral rallies lies ies took place piece In some tome of ot the high prIced Industrials especially Amer lan l'an ian Can and General Electric Electric- Sav Saw Savage age Arms was one of or the outstanding ing Sig weak spots breaking 11 pointS to 75 North American company compan National Power Light American Foreign Power International ce- ce cement Ce Cement ment meat and Midland Steel Products ts were hammered down 3 10 5 points before the end of thu ihu third hour Steady accumulation was noted during the session In several high grade rails Atlantic Coast Line leading the earl early ad advance ance vance with an extreme gain ot of nearly S f points Pan AmerIcan Pan Ve Western B was pushed u 3 points and the other oils out held steady NEW EW YORK TORK March New 2 i low prices for tor the season teason were established in the raw sugar mar market ket early today when sales were reported at delivered Offer Offer- OfferIngs Offerings ings weer wear more liberal resulting in sales of ot bags baits of ot Cuban and bags of ot Porto Rican In nearby positions at Ull and bags of ot Porto Rican for prompt shipment at 40 Influenced b by the decline In the spot market raw sugar futures were easier under and selling by hy commission houses at midday were ero two to three points net lower loer The refined sugar market was as owing owing- to the easier spot market but prices were unchanged ed ad at to S for tor fine granulated Sugar futures closed steady ap- ap approximate ap approximate proximate sales tons March lIa May Jul July September 1267 67 Decem Decem- December ber b r 75 |