Show IRREGULAR DAY IN STOCK MART Union Pacific at I In 12 Years Motors Down S NEWYORK EW YORK yom Aug WY IS 18 KyThe I The Thc Associated Press Further Press irregularity of price movement developed In today's stock mar mar- market Iet ket- ket Standard Ind Industrials yielded rather readily to a renewal of sell sell- sellIng sell selling ing pressure but rails showed a tendency to forge ahead on theS tho the S appearance of fresh buying pea pea-cr Bear traders trader taking of if the the speculative e uneasiness which lia has developed as ns a n result r sult ot of the tho recent stiffening of motley money rates rutes and the Increase In III the tho New Jew NewYork NewYork York federal reserve rate ham ham- hammered several of ot the leaders 1 to 4 points In the early tr trading being aided by liquidation In- In In Inspired by commission house ad- ad ad Ices to profits and lighten appeared Selling to have havo run Its course at least temporarily l by l y carl earl afternoon hen n-hen s a a moderate rally calIF started un- un under Under un under der the tha leadership of the tho high grade rail rails U S STEEL DROPS The Tho weekly steel trade reported d that mill operations were being continued at a high rate although some producers report report- reported reported ed ed d I a t slight sli ht recession i In new book book- ings U S Steel common which has beta been liquidated freely on Intimations intimations Intimations that no stock dividend would be paid this year ear sold down n to or mroe than 7 point below the tho record high es- es established es yesterday Substantial recessions also took place In General Motors Du Pont American Smelting and U S Cast Iron Pipe ripe all of ot which r recently established record high prices Railroad equipment shares showed Independent strength on buying Influenced by the prospect of large Irge orders particularly lot for signal and automatic train contrOl devices this tall fall all General Rail nail Railway w way y Signal SI al American Brake Drako Shoe and Foundry Air Reduction and Westinghouse Airbrake all 1 sold materially higher I CUT lt The Tho cut In tho the Cuban American Cuban sugar dividend and growing bare that the Mexican situation might prove proe to be bo an adverse develop development ment helped to keep bullish en- en en enthusiasm In che check k Union Pacific was one of ot le ders of ot the rail group croup moving up over ever 2 points to to- the highest price sin since e 1914 Chesapeake Chesapeake Chesapeake peake Ohio climbed to Pere Marquette to 1 1041 04 and Rock Hock Island to 63 all new top priceY price The Tho closing was Irregular r re- re renewed re renewed stewed bidding for tor motor shares Including Mack MacI ael Truck and nd Hud Hudson son lion and Pierce Arrow preferred contrasted with an outbreak or taking profit in the railroad stocks In the late trading A brisk lul- lul advance ad advance vance ance In Radio also featured the The tot total I sales av- av ap approximated shares |