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Show BEAR ATTACKS OFFSET BUYING Many Popular Issues at Bottom Point in Cupr-rent Cupr-rent Movement N'EW YORlXnv 1. Relief that the current devlln had run its course brought a fnlr volume of buying: orders or-ders In today's Stock market, frlvtnr It the appearance of moderate strength In early dealings. Renewal of bear attacks, however, against steel, equipment equip-ment and Mexican OH shares caused a resumption of liquidation under which a number of popular Issuer Including In-cluding United States Steel common, A louched new low pries on the moe- ment. Sales approximated 1 i.",n,nnn shares Continued irregularity took place at the oj)cning. most of (h- standard shares showing only Fractional changes, Pan-American "A" ami MB" were heavy, dropping 14 and points, respectively. United States Steel common Yielded &4 of a point In reflection of speculative disappointment disappoint-ment over the corporation's failure to earn the entire oemmon dividend. Fsher Body sold off A points May Department Stores climbed 7 ',2 points to a new high record for the year. U S Alcohol was pushed up more than 2 points and Standard "d of New Jersey Jer-sey 1 i points. Baldwin, Studebaker and Crucible, speculative favorites, all advanced a point. Trading In rails was sluggish. Chicago & Northwestern slipping bacK Cessation of forced liquidation in certain Issues Which Immediately showed -i tendency to move to higher ground, and a resumption of short selling in others caused a highly Irregular Ir-regular market during the morning. Roth speculative and Investment shares moved in a conflicting manner with the chief points of weakness In the Mexican oils and some of the food motor accessory and Independent sled .shares Impressive strength was shown by Standard OH, nn-n-ha ndlse and textile hares and a few specialties. Railroad storks were variable but mainly higher. Toward noon the .rend of prices became more uniformly uniform-ly upward In response to a rally in U. S- Steel, which advanced a point above Its initial quotation May Department De-partment Stores extended its gain to 10 points and Standard Oils of New Jersey and California J' each. American Amer-ican ice. General American Tank Car ' American Can and Associated Dry Qoo'ds also made good gains, while Pan American "ii" slumped ". 'j points. Pierce Arrow preferred 3 'i nd Mexican Petroleum 3 Call money Marking up of various speciallles was attended with some success for a while after midday, particularly National Na-tional Enameling, which advan ed over 2 points on a resumption of dividend divi-dend payments. Most of the recognized recog-nized leaders, however, were forced down to still lower levels for the cur? rent movement, United 8tates Steel breaking under 104. Conspicuous weakness was also manifested by Biadwin nnd American Locomotives, Crucible Steel, which sold 1 points telow the higher level of the morning, morn-ing, and Gulf States Steel American Sugar, Allls Chalmers. Goodrich and Allied Chemical & Dye Mexican Petroleum Pe-troleum was depressed over -i point.-; and investment railroads w e also on the down-grade with Union Pa Ific and Canadian Pacific leading: The closing wac Irregular Touching off ot additional stop loss j orders further liquidation oi weakened weaken-ed speculative accounts accentuated the decline In late dealings. Kislu r Body was depressed five points. Gulf States Steel 3i. Bethlehem B" 3. Ixiose-Wlles 3 V4 and Louisville & Nashville, American snuff and Vana- i dlum Steel 3 each. Subsequent short covering resulted In ralli's of 1 to 2 j points, In a number of active shares. |