Show WALL VALL STREET HAS REACTION Industrials and Railroad Shares Decline to to v New Lows NEW lEW YORK By Oct 20 By By The Associated Press Reactionary Reactionary price tendencies continued to predominate In today's stock market despite de re rc- repeated efforts of pools and arid others to rally tho general list Declines In Inmany Inmany many of o the popular Industrials and railroad shares hares ran from 1 to 3 points with a a. few high priced specialties sell sell- selling selling ing lag off oi as much as four to nino points MOTOR SENTIMENT T Bearish sentiment was OS attributed to toa toa a 8 number of things Including the thc dis dis- disappointing disappointing dis- dis disappoInting appointing character of oC many man lines of fall business the tho fear of o Ford com com- competition competition competition petition In the motor Industry and the unfavorable nature of o some of tho September railroad earnings reports now being published Reduction in m inthe the call money rate to 34 31 per Ier cent with concessions below that figure reported In the outside market was disregarded at least temporarily ns mis a market factor Persistent liquidation of o many in- in Issues such as United States Stat Steel common American Telephone General Motors General Electric Woolworth New ew York Central Unon UnIon Pacific and Canadian Pacific all oil of o which touched new lows on the cur cur- current current current rent downswing had a disturbing ef effect ef- ef effect feet on sentiment Commercial SolVents broke nine nino points lo 10 a new low at Rt and Case Threshing fell Cell near near- neary Jy y floe five points Publication of o a favorable third quarter report by Hudson Motors early In irs the afternoon brought about a 1 brisk recovery recover In that Issue l' and helped to check the tide of o selling elsewhere four Cour to 10 six points In the late laic after after- afternoon noon when the lowest est prices of o the session were reached General Mo Moors ors hovered ho around the and U U. S S. Steel the levels Total sales shares The closing was weak Unloading of o priced high shares Woolworth S Chesapeake Ohio U U. S S. Cast Iron IronPipe IronPipe Pipe Du Pont Atlantic Coast Line General Electric International Tele Trio Telephone Telephone phone and General Railway Signal crumbling |