Show WALL STREETS STREET'S STOCKS WEAKER Rubber and aud In- In Industrial Shares De- De De Decline dine cline Bc-ai's Bc Bears Active NEW YORK April 16 By The Associated Pre Press weakness developed lit in lr to stock market with some ome or of o th the selling undoubtedly Inspired by byre re recurrent reports of ot a II slowing slowing- UP In VarIOUS arlous lines ot of industry and retaIL trade probably due In past parlo to unseasonable weather In many numy man section ot of o the thi north TradIng wig was relatively light and nd of ot a professional character TIe The selling represented largely the op- op op of ot bear traders trader with with- no Indications or of o the urgent dallon which l the last month while the buy Y buyIng Ing came cam mostly mo from froni operators Where buying for tor for a turn cover cover- coverIng coverIng Ing short commitment commitments Commie Commie- Mon slon lon houses reported that there was little speculation bv by sma 11 traders on tho th long side while most t ot the Investment buying was ws wason waon on Ur the scale seal down re- re reports lorla that thai spring sales ales of ot automo- automo automobiles automobile hilts biles had not como come up to expectS expect were accompanied by re- re renewed selling telling attacks In these shares Pierce Arrow preferred prete breaking 6 C points point and Hudson Hubon tailing to another new 10 low level 11 for the th year Nearly 30 other In- In IndustrIals Industrial Industrial Including United States StaIn Stat Steel common c also ILbo broke roke through theIr previous 1926 mInimum prices Establishment ot of a a new low level for lor all time lime by French rench exchange and another sharp drop In rubber prices had a tl effect on speculative e sentiment Rails RaUs yielded with the tho Industrials but not to the same some extent such hIgh grade trade issues as New Kew York Central Delaware Hudson Lackawanna and Norfolk West West- Western est em ern sagging sast 1 to nearly 3 points The Th clOd cloud clOse was WILa firm rm early arly los were tr generally reco recorded ded In the th late lat when vigorous short coverings co developed General rallied five points and erA not net of ot to three poIntS point In gains one ne varIous traction merchandising and motor Issues ls ues d Hud Hud- Hudson son on Geneal Motors Chrysler Woolworth and Rapid Transit Transit- Total sales approximated 1400 0 shares share |