OCR Text |
Show y. ISSUES GAIN 0HIILSTREE1 I Fall in Raw Sugar Causes a I Decline in Many Related j Stocks I NEW YORK- July 21. A firm urr- dortone ruled at the opening of to- IJH day's Btock market in which the short interest contribute-d by further cowr- JH ing of contracts Tho railroad labor H situation failed to cause any lmpres- H slon except In a few fractional reccs- H slons Independent steels, motors, oils fH anel shippings featured the stronger is- H sues These were represented by Sloss- H Sheffield. Studebaker. Pan-American H Petroleum, Invincible Oil, Baldwin Lo- H comotive and United Fruit. A broad inquiry for rails nt gains 1 of 1 to 2 point:, enlivened the markeft during the morning. Reading was H the leader, buying of that stock exceeding ex-ceeding the combined demand for tho usual Industrial favorites. Pacifies. H grangers and eastern trunk lines mov- H ed forward with Junior issues espec- lolly Rock Island, Texas and Pacific. H SI Louis. Southwestern and St Paul 1 and Pore Marquette. Atlantic Gulf featured an advance movement among rails, rising 3 points Rubber, oil and textile Issues detracted from tho H strength of the general list before H noon. Call money held at the recent H rate of 8 per B Sugar shares broke sharply at mid-day mid-day on the news of an abrupt declln In the raw product due to extenslvo H Imports. losses of two to five points in those issues caused reai lions "f l t6 2 points In steels, equipments and spe- |