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Show MARKET FALLS TO LOWER LEVEL Railroad and Allied Shares Are Helped by Huge Raise in Rates Accorded NEW YORK, Aug. 2. The stock market gave a good demonntratlon of 1 "stored confidence nnd optimistic feeling at the outset today as a result of tho wholesale advances in rallwa freight and passenger rates allowed b the Interstate commerce commission, '."om mission houses were heavy pur-i pur-i hasers, builng orders flowing In from .ill sections of tne country, Pools resumed re-sumed their operations in the speclnl-1 speclnl-1 les and the stock market showed more breadth and activity than for sonic time. Railroad shaies advanced anywhere any-where from 1 to 3 Vi points, with Investment In-vestment buying on tu!tt- a liberal " ulu- In the obi lino dividend-paying i ;sues. Low-prlccd chares whlcn have recently boon in popular fnvor wen also extensively purchased with the Inquiry beslde6 embracing a wide variety va-riety of specialties. United States Steel, Btudebaker, Mexican Petroleum, Baldwin Locomotive and various other ravoritc shares, isert maxWad up fl om 1 to 2 points The upward tendency of the market mar-ket was abruptly checked by heavy offerings of various shares in which technical position had been weakened weak-ened by the driving in of the short interests. Reactions from the earl high levels ranged from 1 to 5 points ith the general selling influenced by 'ho maiiuair.ar.it! of otlff money rates ;ind weakness of sterling. Particular pressure waB exerted against numerous specialties which sold below last v. eelc's low figure, with acute weakness weak-ness in Bethlehem, Vanadium, Rcplo-ffle, Rcplo-ffle, Mexican Petroleum. Crucible and s: udebuker Railroads also succumbed succumb-ed to tho weakness at other points but there were indications of renewed buying at the lower levels In certain if the dividend paying issues. The rnpld fall In particular stocks produced an unfavorable effect on speculative sentiment and there was a reneial throwing over of shares Imught earlier with short selling again in large volume. United States Stel fell to n new price for the curient decline :,t bt94 and the shippings, tcolen, International Paper, motors uul oils were also supplied freely. .L, YORK b OCK LIS I. (Lust ule. ) Allls-Chalmcis 314 American Beet Sugar 80 Ameilcan Can 34 V American Cur & Foundry 318 American Hide & Leather pfd.. . 7vb American International Corp..,., 12 American Looqmotlve s 2 l, American Smelting cV: Ref'g .... 55 ? American Sugar , , . 1 1 V2 American Suniati-a Tobacco .... 80- American T. & T fc5-?s American Woolen . 76 Anaconda Cupper ;"j ., Atchison Tuva Atl., Gulf A.- V. lndit-3 14-11 Baldwin Locomotive 105'rj Baltimore AL- Uhio 3j Bethlehem Steel "B" 77 -4 Canadian pacific libu Central Leather 62 Chandler Motors 82 Chesapeake & Ohio 5t Chicago. Mil and St. Paul 34 Chicago. R. I Ac Pac 34 Chino Copper 28 Colorado Fuel & lion, bid 31 Corn Products &y Crucible Steel. Ex-dlv ui Cuba Cane Sugar 43'i line I'ii General Electric 140 '4 Gene.-il Motors 21 Goodrich Co. 54',4 Great Northern pfd 70 Great Northern I re Cifs 33 Illinois Central b4t Ii.aplratlon Copper 4s-4 Int. .Mer. Marine pfd T7ft 1 nlei natlonal Puper . 7 7 Kennecotl Copper 24-2 Louisville & Nashville 99Vfe Maxwell Motors 15 Mexican Petroleum 171 Miami Copper, Ex-dlv 19Vs .Middle States Oil 2 .lidvale Steel 39 Missouri Pacific .t New York Central 7 0 N. Y .. X. H. and Hartford 30 Va Norfolk & Western 8!y Northern Pacific , 1 72 Oklahoma Prod. & Ref 3vt Pan American Petroleum . . . . 90 PennsylvAnla, Ex-div 39", People's Gas 3u Pittsburg and Vosl Va 27g Ray Consolidated Copper 16 Reading S6 Rep lion at Steel kia Royal Uutch, N Y Ti' Shell Trana. & Trad 65 j Sinclair Con LMl 26 e I Southern Pacific 91 j Southern Railway 27-?4 I Standard (.Ml of N J pfd 1061 Studebaker Corpotatlon 63 Tennessee Copper Texas Co 43 Texurf jc Pacific 36 IL Tobacco Products, Ex-dlv 614 Transcontinental Oil 12i Union Pacific 114V& I U. S. Food Products 58 'W U. S. Retail Store, Ex-div. .... 642 j U. S. End. Alcohol NIL, United States Rubber 83tfc United States Steel , 854 Utah Copper 64 i Westlnvhouse Electric 47' Willy's Overland iga, Amer. Zinc. Lead and Sm ... 111- Butte ai;d Superior . . 20 Cala Petroleum Montana 1'oiui, u.o 60 ShattUCk Arizona, bid 9 CASH PRICES. CHICAGO. Aug. 2. heat, No. 2 red, $2 22ft 2.23; No 2 hard. $2.19 Corn. No. 2 mixed, 11.40 01.41)4: No. 2 ye llow, $1 40 flj 1.42. Oats, No. 2 white, 71' 74c; No i White, 67tfj"71c, Rye. No. 2. ?16S 171. Barley, 93c $1.07. Tlmoth seed. J8 60ff 10.00. Clover seed, $26.0035.00. Pork, nominal. Lard, $17 90 Ribs, $16 0016.25. |
