Leading Stocks Slump $1 to $4 a Share
NEW YORK, Aug. 1 UP)ÛÓÛªThe recently strong blue chips suffered a sharp fall today in the stock market.</br></br>These popular high priced and investment-grade stocks have been among the best acting issues in the list.</br></br>Today they took it on the chin for losses of 1 to around 4 points and more. Reynolds Metals was down 10 points at 217 and touched a low of 213. *</br></br>Among wide losers were Bethlehem Steel off 4%, Sears Roebuck 2Yb, Douglas Aircraft 2Y4, Anaconda 1%, Allied Chemical 2Vå£, Du Pont 3%, Coca Cola 3V4, Union Pacific 2, Standard Oil (NJ) 2%, and General Motors 1% Û¢</br></br>General Motors hit a high of 138 and closed at its low of 134%. After the close, directors declared a dividend of $1.50 as compared with $1 paid in two previous quarters.