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Show 'STOCKS DROP ON j RED PEACE NEWS General Selling With Heavy Losses Is Checked in Final Hour NEW YORK. Aug 9. Rejection ofj the allied truce terms by the soviet government caused a sharp decline in j stock prices at th" opening of the market today. Foreign exchange rates also reflected the situation In an acute I fashion, sterling falling several cents The lmproement in local banking I conditions, reflected bj Saturday's j clearing house statement, was lost nIkIu of In the hurried selllnK of I stocks. In the first half hour losses ; ranging from 1 to S points were xen- eral Baldwin, Vanadium. United 'Fruit, Mexican Petroleum and Pan-I Pan-I American were the weakest among the I Imlusirlals, while l'nlon Pacific, Louis-! iviile and Nush'. ill, an'i Lackawanna led b decline in the railroads. The extreme weakness of a number of Individual nhiros caused fitful ral-illes ral-illes at times under the' Impetus of 'short coverings, but the mrun trend an deflnltel downward United states steel, ' Bethlehem, Republic.; Baldwin and Hexican Petroleum were among the represeni.iti vc- shares which i established new low prices for th'-! th'-! year The depression ran from 3 to 6 points In a largo number of stocks. Fl'.ln-z orders Affected many of th-seas th-seas -tied dividend paving rallro.nl shares, and there was n large outpouring outpour-ing of numerous low-priced industrials I which recently have been weak Sterling Ster-ling exchange rallied about 2 cents from the earllor low flKuren Stocks continued to be offered free-Ijr free-Ijr representing t mixture of bear sell-ling, sell-ling, offerings b. discouraged holders Jand liquidation of weekl margined accounts. Some of the declines were Of a violent character American Express Ex-press fell 10 points. Lackawanna, s. Atlantic-Gulf. T and Baldwin I I jelble, Mexican Petroleum, American j Sumatra Tobacco. American Beet Sugar between 5 and 6 points. Easier money rates, with call money belngl supplied freely at fi per cent caused an extenslvo rally later In which re-1 cov cries ran from 1 to 4 points. KANSAS CITY LIVESTOCK. KANSAS CITY, Mo Aug 9 Cattle. Receipts. 2,300; native steers, open to strong, later weak; top. 16 10 quarantine, steady at 110.00 0 12.40; I she-stock and stocker steers, steady to weak! canners, bulls and fecders steady, calves stead to 50c lower; I best vcalers, 51 2.50 r?r l 3.00 ; bulk med- hum and heavy weight, $S. 009 50: stock she-stuff strong. Hogs Receipts, 7 000, market, tin-! oven steady to 25c up, mostly lOfiilocj higher, top, $15.95. bulk light and! medium $16.60016.90; bulk heavy, 1 114.75 016.60. Sheep Receipts. 8.O00: market,! I weak, western ewes. 17.8 5; lambs. I weak lo 2Sc lower; host native. $noo Idaho, $12.75 straight; feed-l lnc lambs. 2to '0c lower; Texas feed- ers, $11.00. CASH PRICES, CHICAGO, Aug. 9 Wheat, No. 2 red, $2 43 T, 2 4 7 No. 2 hard. $2 B6j 2.87; No 2 spring, $2 70. Corn. Nc. 2 mixed, $1 5 5 Tt 1 5 7. Nn. 1' v ellow, $1 56 (7? 5S 1 Oats. No. 2 white, 7 2lt.1? S0c No 3 white. 71iQi76c. Rye. No. 2, $2.00 2.05. Barley 95c $1 05 Timothy $8 0 0 ft 1 1.00. Clover seed. $35 00. Pork, nominal. Lard. $1 S.G0. Ribs. $15.00(& 16.00. OMAHA LIVESTOCK. OMAHA Neb. Aug 9 Hogs Re-CSlpts, Re-CSlpts, 5500; market. 15 to 25c higher on common grades; slow, steady to 26i lower on medium and light butchers 'bulk. I14.2516.00; top. $15,60. Cattle Receipts, 7,600, beef steers land butcher stock, stcadv to 25c higher; high-er; best bed steers, $15.'40 bulls and I veals steady; stockers and feeders 2". to 50c higher best feeders. $12 00 Sheep Receipts, 25.000; choice fat i lambs scarce; market on killing classics class-ics opening stead v; best range lamb. $13.75. feeding grades steady to strong |