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Show !iiT RESUMES UliL BASIS dpepdy Readjustment After & Great Flurrv in United W States 'Steel. IW MARKET SHOWS SIGNS OP EASING UP ailroad Stocks Again Take'tlie Up-Grade and Outlook h Favorable. NEW YORK. Oct. 7. The stock mar-st mar-st gave early evidence today that the juldntln? pressure on United States :ecl had subsided and tho tone of the hole speculation wis shaped accordlns-i accordlns-i ly. T'nltcd States Steel continued, dls-' dls-' proportional oly promlnont. 'but not as imdulv so as yesterday. Tho CM.OOO I shares of United States Steel dealt In yesterday out of an aggregate of 1,500,-000 1,500,-000 for all stocks, do not Include tho so-'callcd so-'callcd stop loss orders which, tinder a rule of the stock exchange, arc not printed print-ed on tape. Allowing for these sales, which arc known to have been on an enormous decline, de-cline, there Is seen to be room for an fjbxlenslve clearing' up of tho speculative position In tho amount of business done lln the stock yesterday and tho day before. be-fore. Tho way wan thus cleared for the i8iibstn.ntlal recovery of today. f The money market showed signs of fiiavlng been eased also by the substantial substan-tial loan repayments which must have accompanied the stock market Hfjulda-IIon Hfjulda-IIon of the past day or two. Funds were Reported in better surjpl.v early today, although al-though the hailing rate was not male-iiahy male-iiahy affected. Bankers closely associated with the Tnlted States Steel corporation offered vrgc sums in the call loan market. Tho immediate effect of this develop-icnt develop-icnt was tho advance In the official c'r.s-ount c'r.s-ount rate of the Bank ci England ro-nv ro-nv from 2i to 3 per cent. The harden-dg harden-dg of the private discount rate In Lon-on Lon-on and tho steadiness making, on the ank's bullion holdings, revealed 'by the ,-ccklv returns published today, mndo it vldeiit tliat Uic advance In the official ate was imminent anyhow. With a urthor demand on American account hreatencd. the governors felt themselves onstraincd to the prompt step as a proactive pro-active measure. ... "Word from Berlin also points to an arly further riso In the official discount ato of tho Imperial Bank or Germany, "ho private discount rato rose In Paris nd the Bank of France reported a sharp eclmo in bullion holdings, but with a ea.w contraction in ioutHtn.nd.lng note Is-uos'and Is-uos'and credits. The foreign exchange larkct In New York was greatly unset-led unset-led in its efforts at readjustment, at liese changes abroad, which operated ns bstacles to further extension of credits 3 American borrowers. Tho rise In United States Sjo.l. X nlon acillc. Heading and Now Yojk Central upplled the most substantial portion of he buying movement. The widest fluctuations otherwise w:e ti a minor class of stocks, both rallioad nd industrial. The soft coal carriers .-ore strong as a group, led by Pcnnsyl-nnia. Pcnnsyl-nnia. The steel Industrials all rose rlskly. Private estimate gave promise f a better showing for the com o.vp In Jtlic forthcoming "monthly gover-unert re- Jport of conditions than was contained In fasr month's leporl. & An ircrcaso in Rio Tinto rninlnp; dividend divi-dend had less effect on -co'pr issues tlhan 1 ad been expected. Tho selling of felotks was moderate. ; E Bonds wore firm. Total sales, par vnlut ?l.CSfi.l00. Jm United States 2s declined k per cent on K ' New York Bonds. u S rsf 2s reg .lOOS'Gen El cv rs .AhAl M do coupon 100E III Cent ref Is. Ofli em do :5ri ren ....1014! Int Mot -Us .... s?. iS- rlo coupon . ,.10HjInt Ma 4i .... 71? K do Is rog .. .1104..Iapan -Is ...... R6i HI. do coupon 11TI do -IJs '.Hi LMIIs dial fis ... SlijKan C So 1st 3s 731 HA in -Agri ...101? L Shore deb As. 0l W T & T cv IS.10U i L ti.N' unl-' ls.. MCH JHtVin Tob -Is .... S0J M 1C.& T g -Us. VtW Jo Cs 116 I Mo Pac -Is SO iKrniuur Co ls. MSI N Till of M -lis. 015 Atrli gen Is ...1002N Y C gen SJs. !0i I' do pv Is ....1212 do deb 4s . . . flti M do iv f.s ...1215 NY Nil & H C8.M3S BfAt C Lln 1st Is Siai'Nor & V cv 4b. 1021 lCilt & Ohio Ik. OOliNor Pac Is 112J K do r.s JI2J1 do 3s 73j do s" w ::is.. i'2 o s L rf is w Jw; R T cv 4s ... S'lPcnu cv.11s.J016. 1S2 IMOent of C.a r.s lOOli do con 4s 101 pfC'-m. L.onth ,'s .1001 ne.nl gen is .. ng 51u nit of N.r z ris.i27j s j ,t s v fg is sr, RfChes & O lis . . 1 0.1., do sen 5s s:n L do ref r,s lOi'.S Jj S W c Is.. 77a gEhl Sz Alt r.ls. 7.-.SI do 1st g Ls. !( 15 B & Q jt Is.. OTi Sea A Line Is .. fit I C! R & C! gen 4s 'M 1 So Pac col 4s. . H2 f4 G M & K P g njs SSil do cv 4ji 102E fi R 1 v P iw4f. 77S do 1st. r Is.. f'l Ji ; do col :s !t2j So Ry ri 110 7 do rfdg 4s ... Mi do mm 4s ... S03 Lj (Solo lnU i's S4 Union Pac Is ..102J 5 feolo Mid Is ... R2 do cv 4s J 173 S Qolo & So ox lis OR do 1st & ,r 4s R 7 Del & Hud r Is.101 17 S Rubber fis. 105 5 U & K G Is ... Oiil V S Steel 2nd r.3.1052 'H 6 do rf 5k 05 Va Car Ch s . . 0S1 Dls. ."B 75 "Wabash 1st 5s.. It 25 I Erie p I 4s S7i do & ex la.. 73? 5 Erie gen 4s ... 75i West Md 4s ... 81 m do cv la s A. S4 West El cv 5s. 0I ft do set- 13 7.". Wis Cent Iti 05- f ; Treasury Statement. MB WASHINGTON. Oct. 0. Tho condition moi thf treasury at the beginning of busi- JKncss today was ns follows: IBS Truest funds tGold coin 5Srifi.r.S6.Sfi9 FSIIv(r doUars 455,550.000 j Sliver dollars of 1S0O 1,359.000 Ijr&Hlhcr ortlllcaies outntand- inm ig IS3.550.000 jvM CJi nernl fund -f Ktnndanl silver dollars In gen- 5 5 cral fund (n53Ttl t Ci'l-reiit liabilities lOl.TOvJ&J Vorking balance in treasurv im offices .. 20,430,720 In banks to credit of treasurer 5 f ynnod States 37.S35.fiSS g hubsldlary silver coin 2u.70i;,oi)S l,?.i,,.,0r l?ln. 1.000.031 W otul balance In general JSw f'""1 ' ..I 0I.30Q,5'J3 |