Show MOTOR SHARES SEll MEA VY Unfavorable News Un Un- Unsettles Unsettles settles List Oils Decline 1 NEW YORK rORK Aug 10 Heavy y Heavy selling selling- of ot the motor and oil baaed on unfavorable trade news new temporarily unsettled today today's stock market m which witnessed some ono rather violent and erratic fluctuation tion In the high priced Industrial Issues 1 uel Supporting orders eventual- eventual y found their way Into the market and steadied the general list which I showed mixed changes change on the day Total sales approximated Uneven price movements ush ushered red ered In the new week wel In the stock market General Motors opened a n higher at a n. record top of ot ofIK IK- IK IKA I 1 S. S A good demand al also o was WIlS noted for tor stocks of ot electric equip equip- tent ent manufacturers Allis Chal- Chal hers ners leading the early arly advance n that group with an Initial gain nf t f one ono point fractional r losses bases were recorded on or Initial sales pales by United States Steel common Mack Macl Truck ruck Marino Marine preferred and Willys Overland Common I MOTOR Y HY The Tho market soon developed a n fractional i trend when heavy sell sell- selling ing tg took too place In tho the motor and andI II I shares liquidation of ot the for for- forer er or being based sed on the belief bellet that of ot the automobile manu manu- companies will show n. n falling falling- off oft In tho last half halt of or the tte year r I because of recent piled r V its and tho the weakness of ot tho the lat lat- latr r r being In anticipation of gaso- gaso f e 0 cuts Chandler fell 2 points id PIerce ArroW common and preferred Du Pont Punt Independent C 11 III and Gas Oas and several others a point or o- o more snore within the ther f r rat Jt half lf hour bour Dullish Bullish operations operation were ere not entirely abandoned how- how or or Midland Steel Product two points to a record sp p at Hi while Loews T bacco Products Prod ucla lSd Airbrake Chicago pre- pre preC f C Tred and Weston Electrical In Instrument In- In strument all ail showed early gains of or a point or two Foreign ex- ex hannes hanges opened op ned steady stead demand erling being Ing quoted around 1 4 and French francs round X CAN Despite the marking up of ot ofA American A Can t tv to a ft new flew price for fo Ume time above and the ag- ag Ire he bidding up of oC a few the general market pre- pre pree e a appearance the tho morning due to the 0 persistent per attacks of or bear trail trad- TJ rs The breaking 11 off of the an- an I miners wage negotiations ne ind nd the weakened technical 1 Ion 1011 of the market as a result of or orIe no Lie rather advance In many man if Ie I ues last week were the reasons generally ascribed for the selling movement Ono One block of or hares r-hares of ot Virginia Carolina chemi- chemi chemic c I 1 common changed hands at al 2 2 loss ios of about bout a a R. point front from last ii eks close cloe Mack Trucks and handler dandier Motors extended their losses Vi r and 3 points point respectively Before midday International Shoe nearly 7 i points Call money renewed l at al 4 4 1 per pel cent JI SHARKS SIL UP Extraordinary advances ances In priced shares due to Individual In Influences In- In influences failed tailed to stem the free of of- offerings offerings elsewhere Further con con- concessions concessions concessions cessions In gasoline prices and the uncertainty surrounding the price structure In the automobile field made those groups the target for professional prote lonal selling General Rail Rail- Railway Railway way Signal jumped 10 points to 25 2 4 This stock told at when It was va listed In June une General nera Baking company com pan Improved 3 U. U U.S. 8 S. Cast Iron Pipe 3 and Big lg Four 5 points Nash Motors fell 15 16 to 40 The rhe closing was irregular A nw Demand for the public utilities sev- sev ral of ot which wiped out their heir ear ear- earlier earlier lier her losses and moved Substantially above e last weeks week's final quotations quotation featured the late trading Inde Inde- Independent pendent strength also al o was shown by b Chesapeake Ohio Pullman and New ew York Airbrake |