| OCR Text |
Show Stock Market Letters. Dick Bios. Nw York. say. Market early-showed early-showed rallying power on tho advance, however, how-ever, selling was resumed and In the afternoon after-noon there was another break In which stocks lct all ol their gains and more showing net losses at the closing, which was weak Although Al-though there wus a kt. .it dial f bear pounding, pound-ing, there wero further Indications that liquidation liqui-dation hat not been completed " T. A. Mclntvre & Co., New York, say: "Tho market ..peii."l firm und eem".l ut ih.ugli It would do better, but selling and liquidation bc-camu evident and prices sagged Most operates op-erates Iibvo taken a very pessimistic position on the market now and ore expecting to so a further ?harp hi -ok of tluee to four olr.i9 In general list." Hutton. New York, says 'The market opened With a better tone In evidence, but pressure was resumed, with tho result that prices slumped "t(- Tha closing was weuk There was nothing new to explain the recent selling. The geninl Industrial situation and railway earnings cannot be more, gratifying. A hardening tendency in Mee and Ivn was noted, with mors Inquiries for finished materials." mate-rials." , ... Marshall. Spader & CO, New 1 ork. Bay: The early trading Was on stronger lines, nnd the market evinced a better tone than nt any Ime in the recent past Towards the rloso the market become uulel and early advances were all or partially b.st on moderate liquidation liquida-tion nnd collltn; by professional operators committed com-mitted to the short sloe. The undertone however how-ever was Ktrong as oomparbd with most of the s. salons of the recent p.i . Logan & Bryan, New York, say "Throughout "Through-out mo.il of tho session market made considerable consid-erable headway on 'ho upside, caux.l mos-ily by short i-overlng. with somo llttlo outside demand. de-mand. This ad vanCS wan subsequently lost. The o;- interest must be large und In somo quarters itubborn. On tho bulges we would sell stocks. ' Th.- chlcag) Dally Trade Rullotin publishes tho following: 'Notwithstanding the generally gener-ally unsettled condition of business affairs In Chicago. It !s gratifying to note on Improve-iiieni Improve-iiieni in speculative trading (.11 the t'hlcaco Board of Trade, especially In grain. Conflicting Conflict-ing report regarding crop conditions, an, th delav In corn planting on account of talny weather, no dOUbt, o-sslsta In enlarging the buslnes-i to eonn) extent; but tho fuel tint the speculative orders from tho smaller Interior towns uro gradually Increasing, both in number num-ber and volume, leads to the belief that spee-ululora spee-ululora are moro willing to trade where their orders may have some Influence 011 the markets. mar-kets. Instead of trading In "bueketshops Th" decision of the Supreme uourt of tho I nlted States declaring tho right of the Chicago Board of Trade to control Its quotations Is, no doubt, having Its effect " |
