Show STOCK PRICES AGAIN TUMBLE 4 Recrudescence of the War Scare in Wall Wai Street StreeL fi k ALL MARKETS ARE AFFECTED EASE OF OP MONEY DID QT AT ATTRACT TRACT TRAO 1 S New York Jan S There was w a rather fall fait io Iz of stocks toek today under the Joint influence of a if f the war scare and the poor quarterly report of the earnings of the United States Steel corporation The war scare sare was wa the dominating influence in the Jay not only in tn the stock Mock but in all alA the speculative markets The markets jumped and the cotton market broke in accordance with ith the accepted view that an out outbreak break brek of war between and Ja Japan Japa pa pan would awaken an active demand for far cereals to be exported f Am our Pa ftc roast oat ports porte while the interruption or o t Chinese trade would af at affect feet that staple Maple Whatever inconsistencies there may be Ir h this view they were not of influence upon the speculative activity of professional traders who held it Th Pacific railroads were Here also ateo eon con lacking in any benefit front from the expected increase in the Pacific eMort rt trade in and were in fact mong the weakest stocks in the list II loM es scoring bet een veen 2 and 3 points o 0 i 1 the da A few of ut the South Southern ern rn railroads railroad and specialties came with within in r equal range of losses Iose but that ronge rather exceeded the average of the days losnes The severest pressure after the UI London market had d trading fo the day t although th tbt market was wa setter hero her dur during ing its us trading hours and the action or of Russian and British government h bond benth m in London and nd Paris was ac nc act T t pied as ae corroboratory of the fears 4 of w s ar Added to these features of liv In in UM the days movements the fart that the late report of actual hostilities was alleged to have hare come o G er our new Pacific cable to San Fran Frai Francisco cisco from an Asiatic terminus 0 some warrant is found for the suspicion of considerable bear activity IB In the days day s market doings It was worthy of remark that United States Steel pre preferred preferred was amongst the although troubles trouble of the Steel were supposed to be the oc occasion casion for much of the days weakness The extreme decline in United States preferred was wag 1 and an its net loss wa was IS l The stock showed good power of resistance to th early curly general de depression after the first downward plunge Opinion varied a ne to whether the buying of the stock was for pur purposes poses of support or Ot for purposes of accumulation an rn the ground that th the poor showing in yesterdays statement represents the tow low level of the depres H n with prospect of f improvement from this time onward The common was s without many friends and drifted downward to a new low record at V The recent active speculation contin continued tied in Amalgamated Copper and it t made n a temporary show ow of strength but yielded In the late general brook break with a sharp rebound at the last on the short covering The failure of easing m ney market to attract any outside demand for either stocks or bonds has baa haa a effect on Tut speculative sen ren tum tn nt as the far eastern war news and laves lacs the holdings of o buyers of last who hoped for a January rise la in laa ina a condition vulnerable to te bear attack The I hc market closed rather unsteady at ata ata a raIb were quite active and easy Total sales par value United States bonds were unchanged on call |