| Show WALL ALL STREET LIST DECLINES Stocks Turn Weak eak On Uneasiness Over O French Franc NEW EW YORK July BY 20 20 ByTh The Th Associated Stock Press Press prices price turned weak today under heavy selling for tor both l lecounts accounts In the th Absence of oC any other ad- ad ad advert nse vert news Wall street was as In- In Inclined In Inclined dined to the reaction to the th uneasiness developing de from Crom the tho th further collapse or of French francs Cranes to a 11 now low 10 level le for tor all time tim around t two tao 0 cents but tho market previously pre had hadr r paid ald little attention to the drop 11 iii- iii French currency and banks r reported r that there ther has haa ha been heavy y buying of or American securities curl ties lIes lately for tor French account V U P GROSS S There iero ero everal ordinarily factors In the days day's ne news Call money renewed at 4 p I r cent as against t a r reneal nelll rate of oC 4 14 yesterday and the statement of or loans reported by the federal reo re- reserve r serve sor banks ho ed a decrease dec which In the th lI light ht of or rising stock Ices prices was Interpreted ts i an n in- in indication In Indication I that stocks tocks passing Into strong stron hands The Th Kansas City Southern railroad the th first to report Its lis June earnIngs firstI I showed sho an Increase of or In net over O tIme the same month last year tar but Union Pacific showed hol A drop of about In net while gross showed an Increase of oC over o A sudden revival re of or activity In Anaconda was believed belle to tore fore foreshadow shad shadow 0 a further In ferrous Innon-ferrous ion metal prices but AmerIcan Smelting Smelling Sm a a Us big bl factor In the th industry lost ground June was as the fourth successive month of or In which the worlds world's output zinc showed a decline MOTORS i General Motors was hea sold on unconfirmed rumors that William iam C C Durant automobile manufacturer who was as credited with the h recent cent rise In that stock had switched hi his from Crom that Issue to I Hudson the latter stock being pushed at at least 4 point points above e yesterdays yesterday's final quotation by bye bye-arly any c-any afternoon Chrysler also I active on th the Upside In In th the early trading but Mack Trucks and were ere er heavy Olla Oils de developed ed acute acuto weakness hen nhen large larce blocks of oC stock sleek ac cc- cc ac cumulated by traders In expectation lIon tion that a a a record breaker of consumption of oC gasoline and high current earnings would result In InI ina Ina I a big ble upward movement mo were ere thrown thron overboard o Pan American Band B and Atlantic Refining ca eath h sold down iown several poin's u IT s STEEl The Tb n Cos closing was heavy hean PrIce fluctuations were extremely er- er erratic er erratic In the final hour when hen ex- ex extreme ex cx extreme recessions of oC 1 I to 10 10 points took olace In such leading I ues a as United States Steel gloss Sheffield V U S S Cast Iron IronPipe ripe Pipe General Motors Atlantic General Electric and Woolworth This selling 1 0 was a checked c before the th close eloe however and most of oC these Is- Is Issues Issues Is Issues sues sold abo abo e tho the lowest levels level nf Cr the th day Total sal sales s approximated mated shares |
