| Show TURN FOR BETTER BEliER BETTERIN IN STOCK MARKET Prices Frices Advanced by Leaps and Bounds After the Slump of Tuesday CAUSE OF LIQUIDATION TROUBLE LOCAL AND NOT hOT GEN GE GEER EBAL ERAL ER AS PEAKED EED Now lW w July 17 The a Uen eUen et at o the Ue stork tork market Mke wn a violent re reversal versal with wt prices prieM advancing Iy by leaps and bound where wi Uey they were breaking without lg Ip ot ef resistance f i sentiment underwent a at t t with wih the th th usual con fl Ia m between we ve ana ad al effect The extensive liquidation accomplish accomplished ed yesterday afforded great get relief rollet tn sn and aAd to this thie WM wae WI added according to to t miner IMe a me Important prita I at tA settlements by which l laci aci ousts wets were taken over ove and the ne necessity I I thus thUl Un avoided of o continuing the arUle of or securities In bi I a market In which nigh paralyzed the U demand del had 4 kemo well wel The praye brighter feeling due te to these theae re ro reports ports porte was warn enhanced by b a clearer per perception of the th local nature tur of oC the acute trouble which wi wal was forcing liquidation In place of the supposed pee widespread sources nur of the Ute settling based on general genera discouragement 4 with the te situation of or O trade and aM money markets arket there emerged the conviction eleton that tbt a continued area represented the limite of or the te trou trouble tu tuble trouble ble A renewed rewe slump ump In 18 Rock Rok Island 1110 preferred to te I 4 early erly In I the day dy was waa accepted as ae one on Index ef of the source of the difficulty rumors became current of ef the shifting ef of 0 large lano newly nel Acquired holding of o o various Tarla railroad reaching x out from tl the te eastern estern anthracite and aDd trunk line Une field and into lato the western rn ah south country In the be pursuance of or an af ambitious 8 pro project pr jet of extension and al merging In ad addition addIton dIton to thie thi source of oC weakness it Ita wan a that overextension In Inthe Inthe the high capitalisation of various new eW copper properties small Man Individually wa was in of or correction or toR 80 So 8 severe levere pe a decline del as hoe has h been wit n ne wised in th the last t ten te days cys Is accompanied Inevitably by y a large lage expansion of or the short Interest t In a market arket Usually ally nothing cheeks checks title ale Uil short selling but It an actual turn tur In the price move movement ment Itself With Wih that effected the th demand d inand become ImM urgent ur nt Sueh Soch Suc was wac wal the cap can tf today toay the Ue demand from uncovered ti making up a substantial QI part Ir of or oft orth I t th i large arx demand and the tbt of oC I price Testimony was w offered orere by some of t th lh 1 hI hous lo s ef of a material e of f Investment demand as an a well attracted by the th low level to t R had hOd h fallen talin and aM the te Inviting rate rte or of return tu afforded col In consequence by I dividend payment t London Joined Jl o In the u days ys buying en on a a suf euf fluent scale aJ to t I affect the th foreign ex ox exchange I Ihn change chana hn 8 market bee of or the forced relieved 1 that market of or ap appi pi In l connection with wit the tho Irk market kt i In I in progress n example ampIe of the reversal erl of or speculative JA t I Vi form ferns to was wae wal toned found fon In the tl preference sp Wn wn for lor the th Item Ite of or earning In Ja the Ue stated Steel Sel quarterly report tvr r that of or C the unfilled tonnage oa on 1 In m the selection of o a R topic tople for or Is c I MOO The Tb T Increase Ice In the ta earnings r 0 T r anticipations wan ws pointed out as an tr for rO rg t while little attention was wan w paid to the tho th over the th Ih estimate of or the th decreases In un unfilled filled 1111 orders on hand hand Expressions of or emanating from frO the tle steel teel dl di tl r rdo meeting and aRe the opinion ef of the quarterly resort In the th Iron Ire Age served lere tn tA a more hopeful feeling There Ther wa wan w a a repetition ale aiM ef of r the Ue re report report port J rt of agreement to retee production tv lv the principal copper e and an an nn aane in th U the price pS ef of that material The wild advance YI In the cotton mar market marIt ket It failed ne to the t Increased con confidence Con manifest in Sn I the U stock Mock market T hazardous state elate of f of a port part the te corn cern cr crop rop also 10 lost loot lOt Its ite It Influence for the being blag Bonds ond were Total sale sl 89 s United States at bends MJ were wre ua un unChanged Changed on OR cell call STOCK QUOTATIONS t Alile c Chat 6 AmeX AmaL Copper US 16 5 9 Amer mer Arlel H 34 3 Hi Himer 3 Amer mer Beet t TH 27 2 6 Cn an N 7 7 71 Am m Cr Car ees n 42 nAmer Amer eUeR on Oil 41 U l l lAm Am Hie o c L Ii pfd pM 4 33 fl 2 u Amr Amer Ie lee s i 17 18 U lOl I Am 3 n nA 3 A An St mSt nee Nt 6 6 63 6 65 Preferred ter 81 Ii W II t C tr Am r teci Found 14 41 30 0 19 Am Rr Ref 1 16 39 Amr Tel ri I TI Tel iH II ise Am To Tobacco o pm I 3 I CI I fl 91 oln 24 Anaconda tin Co 34 41 36 n Hi I lt I 9 18 97 4 A Atlantic COt L t 2 te I 9 Ohi Ohio 17 15 1 ti Stel Steel 1 ii I 22 2 22 21 R H T 1 11 71 71 7 fl 72 CanaR Canadian I 1 17 UtI 71 Ithe Leather 44 2 9 27 t 28 zes 1 11 I C of N JorI orI 1270 70 1 Chel C hee 1700 6 69 Ui 6 C Alon Alton ChioS C Ot W 1000 ZOt 20 11 Ui I Preferred iOe nt 41 COI 41 C N W oo 1396 19 CL C hi 1 IiI St St P C C C C St St L 7 70 70 75 Colo C ob Fuel Irn Iron 24 Colo C CC ob 26 4 47 81 t C CC CD Gu Gas 1261 1 Com C orn Products 1900 13 1 12 13 1 1 D lud 1400 1511 1501 D nver Rio Itlo G 0 51 5 14 14 j 1200 65 64 64 Distler D DE S Seen o 26 26 26 64 6 Eric E rie 21 21 21 IN hit preferred ISOO 1500 36 26 35 31 ld d preferred 1200 27 26 U 26 General G 1309 1300 1351 Gt a t Nort North pfd 1321 15 1191 17 1211 Gt a aI t N Ore Oro CUe 1800 51 49 50 I aI Central 1271 11 1241 49 ro I IeL 11 15 In 15 45 4 42 U 44 i I Im 1000 87 4 86 7 Int m t Marine pfd 81 14 14 1 14 14 1 I P er 20 DI 9 9 9 I Pump 90 28 39 I owa CentraL 70 15 38 11 28 15 i 11 I 1 K K C C Southern 25 2590 21 25 24 2 25 Preferred 70 59 S 5 L Ga Gas 98 59 Luis L ouis 1331 1321 96 MInn Bt SL Luis Lenin 24 24 25 M 31 St St P S a S M 1308 1305 1175 24 11 1165 24 17 1171 Mo Io a n Sc Tex Texan 28 29 1 r 58 17 57 U 8 ouri Piol 49 1 4 42 47 7 N IOlj National Ld Lead 1500 41 47 I New York Central N Y r Ont Ont W 1800 41 co 40 Ui 41 I I Norfolk Went VOt 93 90 10 9 N orth American rIOn COO 00 C C N 16 1161 13 1131 15 Pacific Mail al JOO 2 22 1 ti 2 Pennsylvania 1241 Peoples Ga 1900 lOft P C C C Bt at L i 1009 DO 90 DO 90 0 Cal Coal HI 14 14 Pre ed Steel Cr Car 14 26 25 Pullman Pal Car 16 1561 1 ty Ry I Steel taci Spring 00 28 28 18 28 Reading Reding 1341 12 UC Republic Steel 1700 39 28 2 28 60 87 29 8 84 86 Rock flock Inland Co 26 U 26 Petered Preferred nl 26 22 t Bt St L L 5 S F p so n St S t Luis Louie S W V 70 21 Preferred 60 14 54 r 52 Ui 52 S I 1100 53 53 5 51 1 53 Southern Paolo Pacific 36 1 Suther S Railway 2 90 28 tt 1 19 Ht Preferred h l i se 4 47 H 10 Tenn Copper o 21 1 H 21 20 0 Texas Texa 19 1909 24 DI 31 3 Tel Tol St L I W I Sel 1 20 Preferred 42 Union Pacific 15 1531 1561 ll 89 i 5 59 u 1 5 S S 66 U S S Rubber 3 39 28 ae U U B 8 Steel 65 61 I Preferred Ut Ul I Utah Copper 43 40 Chem 2509 2508 57 I 55 in I 2500 20 14 13 14 1 31 31 31 31 Maryland 3 30 4 41 40 4 41 Weeting 14 1494 64 54 53 3 5 52 ter 39 f 18 53 i 5 L Ia 2 21 S C 4 H 4 bar Total nalee le for the da day II 9 |
