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Show pON PACIFIC AND STEEL (THE REAL MARKET LEADERS cks Close Firm in Spite of Periods of Extreme i Dullness on the New York Ex- N change. !l jBy BROAD AN WALL. ternatlonal Nwa Service. V YORK. Doo. C. Stocks oloscd today In npito of periods of cx-dullneas cx-dullneas with -weakness In apodal that reflected forced liquldatlona. il common ended nt 67 on Thura-nd Thura-nd 1000 nharca changod hands nt flrure when the gong struck 3 to-UJyratlona to-UJyratlona In the mcantlmo mndo n dljssy. Blocks of from 1000 to .ahorea changed hands, whllo the r with 100 or 200 oharea found It im-lle im-lle to deal within a quarter of the t What looked Hko a drlvo carried itock to D6i. A lialf-polnt rally ht quotations back to 5C3. where mlk of the buslnoHs was done. It noticeable that tho goasip from tho '"continually referred to the aellora ; tho names of tho buyers wero not -3. id Pacific Firm. ion PaclHo was dlBtlnctly firm. Unusual Un-usual signs are misleading, tho ao-f ao-f tho stock would Indicate that a "advance Is under way. Reading. r strong stock, closed with a ealn but for activity and strongth korouRh-Motropolltan preferred topk lad by rising from B6J to 61. The I ion responded with an advanco from ' 161 Traders called this movo-t movo-t encouraging and wore Inclined to r Third Avonuo was sympathet-f sympathet-f strong and Brooklyn Transit gained I nr' Blocks wero woak, Amalgamated 'half a point. Utah nearly a point nneonda n. Stock was froely sup- pllel both for Boston and London account. ac-count. Tobacco shares showed further galna. American Tobacco advanced 4 points, Lorlllard 2. Tho minor ateel atocks displayed dis-played weaknosa. Lackawanna Steel sold at 30, a drop of 7 polntfi. California Potroloum issues were firm on tho declaration dec-laration of regular dividends on tho preferred. pre-ferred. "Bobtail Pool" Operations. TVhat tho street calk? "bobtail pool" bewn oporatlono on the long oldo of Union Bag it Paper. Tho common roae a point and the nroforred 2B. This movement move-ment 1b not taken nerioualy by persons familiar with tho paper trade. Southern Pacific was heavy, nclllng at 87. Roporta from Texas Indicate serious seri-ous damage by floods In tho heart of the richest agricultural district of tho state. Asaots Realization Bold at 30, a decline of 10 points. The stock haa declined 50 points on the uale of losa than 2000 Bhares. The liquidation of loana In which thla otock figured la held responalblo for tho drop. The shares have never en-Joyed en-Joyed a good market Foreign houses sold Union Pacific ateel and copper. Prices for American shares abroad have ruled blow Now York quotations for aeveral days past. Strength In Union Pacific and Steel have otlmulated confidence. "With the stocks strong, tho rest of the list may be expeotod to take care of ltsolf. Inter-borough-Motropolltan preferred, frequently frequent-ly referred to in this column, promises to fulfill expectations by advancing further fur-ther bofore tho dividend policy of the directors di-rectors is made public. |