Show fAR POUNDING AWAY J i Stock Market Under Severe t Pressure on Account of Y c iq i I SUPPORTING ORDERS g I MA MANY Y GUESSES AS TO SOURCE f OF WEAKNESS E j 1 j Now Nes York Jan InThe st mar ket vero pressure from irber todA Prices broko l and under the flood of Mock poured upon the market There was wa an evident ent deter detor j ver to protect the mar j and supporting orders appeared at ach d to the downward J tt ncy and rally The nature of tills this buying was Indicated by Its withdrawal when It had er ted Its pu purpose or of t the market It w wa t at UIO tho advance when 1 nights The rho with such n a support Jn In ement In progress and the tone w gt n Jl r ml l lJJ ly JJ extremely r and active There wa continued lack of 3 Immediate development in tie the to e the tho volume and the tho urgency or of the eilIng It was obvious that a or organization of bear op operators were wM adhe and alert to taka tak or of any sign I n of and raJ iM were effective in d speculative ac T TIt F FIt It o tl In ot of some tant cOunt ot of on standing and in ted form which were being thrown over to relieve an overstrained In the market and for the pro of the brokerage houses In c houses did not es espe ape pe ot of money difficulties and many vague rumors were kept In con contant tant although of u a less Many diligent In Inquiries were set t on foot as S a result of oft t I h he and clearing house and banking authorItIes gave their sanction 1 hi ell that no evIdence or of em harra ment was discoverable The principal selling pressure con cen cent t d oa Union Pacific South Im and after a show of strength St Paul The market showed the m most t acute weakness after the ap of the bank statement when whon 11 u offerings or of ilia th stocks above named came cne upon the market The cub gain by the banks was mUd much In excess ot of expectations The Tho loan was wac attributed to A large r of loans from Lon Len inn to market The continued th of exchange Indicated m an or of th process The Tho money rate r ree e aiM aIen In London The apparent ent C of lam of and finance by the pr pree Is fa a depressing facto to Its probable discouraging of eC fm feet on any Intended purchase b by for forel el or of American securities An influence on the r road ad or of prices S In progress Is In contrast of Ute tile greater attractions to be by Dew securities and the tho dis disposition f position to means for tor taking them up by liquidation of securities at atIl ata Il a range of Total aIes of bonds par value Stocks Stocke have bave been actually depressed this week eek by Important liquidation the and motives of which have gh ghOn On en food for varied conjecture and In Inter ter Uon horo has been bean a pro in r Rend one nn the tho entire nUre lack Jack or of response to this Improved In the stock market has had hada a very ery discouragIng effect on laUve sentIment The successive do de to show the huge requIre men meng In hi contemplation for additIonal capital ft by the tho railroad companies hae bae t n re rde having a porto and have upset e In the t th the aV re soUrces to meet these heavy demands Bond have dull and irregular 1 nit l States new 45 4 advanced 4 per por cent on calL caU during the week |