OCR Text |
Show IMOTORS UNDER BEAR PRESSURE Professionals Begin to Sell i at Opening of Wktti Market KEW YORK July 24. Selling by professional Interests WU resumed at the opening of today' stork market. I Developments uver the week-end in, theft relation to tise coal ami railroad strikes scorned to encourage an extension ex-tension of the 6hort account. Coalers and transportations were only moderately lovr. however pressure pres-sure again being most marked among motors and their accessories Firestone Fire-stone Tir. lost 1 -A points The Inde-pendent Inde-pendent steel saddod variably to Sat-1 urday's rally under lead of tiulf Stales Steel and CrUCllrfe, but Cnlied States Crfi wan he.iw. Foreign exchanges strengthened presumably 03 a result of cables indicating thai Borland and Germany are llkoly to arrive at an early agreement regarding German re paratlons. Pierce Arrow common Mid preferred, pre-ferred, at declines of 1 1-4 and 2 1-2 points, respectively, Were irrled to lowest price for h movement for the morning Chandler was under further fur-ther pressure, but frtudebaker and several sev-eral of tho popular equipments strengthened. Many of the Independent Independ-ent steels enhanced earl puny .Mexican .Mex-ican and Pan-American Petroleums and General Asphalt were active and strong but Mexican Seaboard reactea -harpty. American Can. American Sugar, Industrial Alrohol, Interna-iional Interna-iional Paper and Montana Power featured fea-tured the miscellaneous list nt gains of l to almost 3 points. Ralls were listless. som of the investment in-vestment group falling of quotat.on in the first hour. Call money opened at 4 per cent. |