Show HEAVIER SAtES SALES AFFECT T PRICES Stock Prices Break On Rumor of Interest Rate Advance NEW IW YonI- YonI sept ByTho 8 8 By Tho As P StoCk Press s Stock prices s broko sharply toward thu close of today's market after utter an early of o str strength The Tho m ment was wa attributed to that tho Ft-derol Ft 1 Resen bank banh would Increase Its It rediscount rate r after arter tin the close but the rate rat re- re remained re remained unchanged it tt 4 per c cent nt General rotors Motors broko broke from rom to and United d States Stair Steel common common Allied Chemical Inter Inter- International InternatIonal International national Combustion and in- in l Inn to 4 point points from their c early high hish Bullish w was s created hy tho the optimistic tenor of o the weekly Keel trade revIews review and dividends on Commercial n r and Air Buying Buln was waa welt well among a i number of steel sled teel motor food equipment tobacco copper an utilities shares but the rails were neglected am and ami sluggish with the exception of Kansas City which c e a new 2 high Motor otOrA swung upward under the leadership INI of General Motors chich touched the thc highest price In a- a month a-month month before the tho end of the tho third hour Jordan broke brok to a anew anew new low a at 20 0 on the pa of j the he quarterly dividend but the were vere not affected Nash ash also niso was In bris brisk demand whIlO Yellow Tellow Cab touched touche 1 a new neY peek peak Loose Wiles Biscuit and second preferred each soared to new now high records for tor alt aIL Ime f-Ime inte around Case Thresh Thresh- ThreshIng Thresh Thresh-Ine- Ing leg Machine Warner Pictures A and Brooklyn Edison also ato ro- ro re recorded corded substantial gains The usual rumors were ere cir In-cir In Inel el cit an early In tho r rediscount di co nt ral rate of ot several se Reserve banks bank but they had little effect In the early trad- trad trad mr |