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Show WORLD'S iitlT v J NEW YORK. April 3. Rejection by tho railroad administration of the re-ducod re-ducod schedule for fabricated steel and intimation that other commodities may be scheduled to further price revision re-vision accounted for the moderately heavy tone at the opening of today's stock market. United States Steel fell l'.a points and 13ethleheru Steel and Baldwin Locomotive a point each. Thii Uw neutralized, however, by the strength of shippings, rail and specialties, notably Atlantic Gulf. Marine Ma-rine preferred, Southern Pacific, Read ing, Pere Marquette preferred. Industrial Indus-trial Alcohol, oils, motors and leathers. leath-ers. Steels and equipments soon recovered recov-ered the greater part of their losses on reports from Washington which pointed to a compromise of the differences differ-ences between Director-General Hines and the manufacturers Elsewhere early advances were substantially extended, ex-tended, especially among shippings oils, motors and Allied specialties, also the distilling and chemical Issues. Rails made supplementary gains and numerous minor miscellaneous shares reflected the activities of pools. Liberty Lib-erty bonds were steady but internationals, interna-tionals, including Anglo-French 5s and French municipals shaded slightly. |