New Britain herald., 1926-03-03
RAILROAD STOCKS
 CONTINUE TUMBLE
Continued from First TaseD

 detailed plans were made public l months ago, was suspended by order Of tho board of governors,
 Total sales in the first hour fell just short of l.0p0,o0O shares. with the ticker then IS minutes behind the actual quotations on the floor
 stocks Thrown Overheard Other railroad shares whose mer. ger plans have been limmed. at least temporarily. by the "NickrI Plate" decision were thrown over board by disappointed speculators and investors, Pittsburgh and West Virginia broke points and Wabash common, Missouri. Pacific common, Kansas City Southern and Katy" common sagged 10 nearly points On the other hand, Delaware Lack awanna and Western common jump c1 , points and Katy preferred l3 l-c.
 Necessitous selling in the indus. trials appeared to be confined 10 such issues as American Can Gold stock), Mack Trucks, Jordan Motors. Fisk Rubber, Hudson. Ligg"tt and Myers. Ward Baking B and Me Crory Stores R. which were ham, mered down l-2 10 4 points, Stocks which made the best mi tia response 10 the appearance of strong buying support and short towering were Allied Chemical American Agricultural Chemical pre- | f"rrcd Stewart Warner Speedomcter. | General Electric, Woolworth, Amer 1 ican Snuff and Dodge Bros. common, all of which were pushed up to l-o points. L.. $. Steel common ! advanced 2 point 10 123. and cor , responding advances took place in most of the other standard indus trials.
 Great Curb Liquidations
 On the New York curb market, where the tremendous liquidation of public utility stocks dem oralized trading yesterday. q stronger ton" also was apparent. Initial losses of 1 1 70 points, representing the clos ing out of weakened marginal ac- counts were recorded at the open ling. but mosts of these were quickly recovered when supporting orders appeared in large volume.
 l Commodity markets. with the eX- ception of rubber futures which dropped 2 10 1 cents q pound. also showed evidenc, of better support. Wheat options opened irregular May contracts advancing 3-4 of cent a bushcl to l.59 IA cents. The cot ton market opened steady. Coffee sacgcd l5 10 9 points in the early trading.
 Scenes of Confusion 1 The floor of the stock exchange and the customers rooms of brok- craze houses presented scenes or 1 wild confusion. In some instances veteran brokers. who maintain their seats on the exchange for sentiment ital reasons, were sent to the floor to assist the younger partners in the transaction of the huge volume Of business as the rules of the ex- change prevent anyone but members from actual trading on the floor. Extra help also was sent to assist the tnlcphone clerks in the hundreds of telephone booths scattered around [ the room, the connecting room be- tween the floor and the offices Of the various firms.
 In the brokerage offices, hundreds of customers crowded around the large quotation boards or stood be- fore the illuminated movie tickers 10 watch the progress of the days trading. Behind the cages, thous- ands of clerks. many of whom had worked into the long hours Of the night, toiled fcverishly over ledgers clearing sheets and margin cards in an effort 10 keep up with the almost unprecedented volume of trading Many of the large commission houses had arranged to send out 10 neigh ihoring restaurants for meals for their employees in order to accom- plish as much work IS possible.
 New York, March Pl-Tho New York stock exchange has had it' first wholesale toboggan slide oi slides of stocks in two years, and tho big bull market Is broken witt scores of issues down 10 l6 points The paper loss was estimated n fully sl,o0o, 1000, ,000.
 The drop came in the final hou' of what had been rather sluggis' day yesterday. Selling orders sW"p over the market like a tidal wave They became general, sTeppina very kind Of stock into the declln" Trading on the floor became frer ziod, brokers were gcsticulating an shrieking orders. Messenger boy rushed from post 10 post ClerF
 rlunc 10 every available telephon' trying to keep their offices abr"a
 of the falling prices.
 The ticket tape was 54 minut' behind time, q. record in 1tseI' Word was flashed 10 thousands Q customers in brokerage houses tha rTiNeS on me HOOI NFlt loA A'N '>' those on the ticker when the tap quoted Hudson at llSA, for exam , rIe. tha stock actually was selling a lns on the floor.
 In the final hour more thai
 ,4Nn, nna shares were sold. this va q new record and brought the tota for the day 10 S,ol5,7oo, not mucl Hess than the record for a day
 sales. which Is 3.S4o,6oo, establishe' $ last November 10.
 The fact that announcement ot Tn , interstate commerce commission
 rejection of the si,ooh. oh.hoH,N00 NicEf
 Plate merger came within an hou
 after the market closed, and that th rails were hit harder today tha , they have been at any time Tn th f four successive days of rapidly do S clining prices, started discussions tho financial district as to whethe !. there had been a leak" on the com missions action.