Show BETTER PRICES I IN WALL STREET Market Free Prom From Pressure of Ur Urgent gent Liquidation TRADING SOMEWHAT DULL CHANGE IN THE TEMPER OF SPECULATORS New York May The stock market was free from the p pressure ure of urgent liquidation which broke yester I days market and recovered vigorously I 1 something moro more than the losses of the day before fore There was a d decided shrink shrinkage shrinkage age in the volume olum of business showing I that the bidding up of p prices ices had to be beI carried further to recover a less amount I of storks stocks than was sold yesterday This constitutes an excellent showing of the reduced volume of stock offering for I sale and is an indication of technical I strength and relief afforded by the I liquidation so tar far completed but there was a very marked feeling off in the demand at the higher level of prices I I the of the trading showing a 11 aI I I progressive increase The inference is isI I j that buying was wa to a large extent forced in the same way that yester I I day days selling mn was wa The bear traders I i who ho followed the decline yesterday with free short rules ales felt obliged to cover their short contracts in the faCe of the evidence evidente that th the most urgent liquida liquidation tion was completed Some of thE fears feam caused yesterday by the signs sign of weakness in ii the mar market market ket or which were given current nt b by the Industry of the bears lost their fo force today and the rell relief f help d on the rally There was no im important change in the news on values s but there was It a decided change Lii In the temper shown In its interprets interpretation Uon tion The attitude towards Reading at af fords an illustration The stock was sold on account of the news of the new distribution of a part lart of Lake Shores treasury treasur holdings as this was supposed to be a view that the price had advanced unwarrantedly Toda Today It was 55 urged thAt the fact that this considerable supply had been marketed without preventing the great rise in the stock was evidence of the absorptive power of th the market for it and its intrinsic strength Yesterdays I II fears of t conflict at the Union Pacific I s special ial stockholders meeting ov over r the issue of of pre preferred ft stok were today into I professed hopes of static some extraction at 1 that meeting of special bent benefit fit to stock stockholders stockholders holders The street was without news from the mf meeting ting up to the loge close of the I market The Northwestern stem and Pacific stocks however were th the leaders of the r rebound bound in pr prices eg as they had been most acutely affected b by the preceding drop The southern group was also notably strong as they also hai suffered more than the average from the violence or of the reaCtion from the excessive speculative advance Consolidated Gas had the ben benefit fU of the failure of the attempt to pass a law reducing the price of gas gns In this elt eltI city The effect of the weakness here yester yesterday ester da day had an unsettling in to I dR days g earl early foreign m market t and some I action seemed to io he bp given give there hiS also to th the fears of international friction The foreign depression was of only slight effect on our opening ma market l and t the bp recover recovery set in promptly The esti estimates sti mateS of th the weeks currency r mm move meat ment indicated a nominal gain gaiti in ash ashby by th banks The upward rush of Peoples GR Gas at the end was as due to the report of the defeat of a gas bill in the Illinois legislature The sharp reaction during the final hour and the recovery to the firm closing were notable forthe exceedingly light dealings on which the they were effected Bonds were firm Total sales par value United States bonds were ere all unchanged on call |