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Show Financial Currents of the Week MONDAY On a very light volume of business, the bulk of which was professional, profes-sional, the stock market drifted along within very narrow limits, Whllo no marked pressure was directed against any particular group of stocks, tho tendency ten-dency for tho most part was downward, and some disappointment was expressed at the failure of the markot to continue last week's general advance. Tho day's news was without direct bearing on securities se-curities values, although the suspension by the Intcrstato Commerce commission of llvontock rates which were to have become be-come operative today, was accounted something of an adverse factor. Advices from western traffic managers were uniformly uni-formly cheerful and Chicago reported an Increase In grain, flour and oats, these bolng offset by smallor receipts of wheat and corn. TUESDAY Trading in the stock market mar-ket was moro active and embracod many specialties, such as Colorado Southern, American Beet Sugar. National Biscuit, American Ice. Central Loather and International Inter-national Harvester. Tho movement In these stocks was almost wholly manipulative. manipu-lative. Later in tho day tho moro acllvo Issues, Including Reading. Unton Pnclfic. Southern Pacific. Atchison. St. Paul, United Slates Steel, Amalgamated Copper and. American Smelting, showed advances. ad-vances. Sentiment was moro cheerful, on tho whole, traders taking' the ground that the immediate outlook seems conducive con-ducive to a better market. Thu opinion, howovor, was almost wholly nogntlvc In character, being founded largely on the fact that many contingencies hove already al-ready been discounted by the present iV-'l1" " "' " ' "-aBaHMMMJ price levels and that stocks are no longer being pressed for sale. There appears to bo a moro active demand for the graded grad-ed bonds. The market offers more encouragement en-couragement than for a long tlmo past. WEDNESDAY Irregularity was tho dominant note of the stock market, and fluctuations wore within a very narrow range. In tho latter trading, however, the market steered a more direct upward course nnd added very generally to Its gains of tho previous day. Tuesday's primary roturmi from tho Pacific coast, developments in New York state and other parts of tho country. It In apprehended, appre-hended, will inciease tho existing storm of controversy and perhaps be followed by no little uncertnlntlv, if not distrust. Denials from abroad of a consummation of tho much-discussed copper merger. Imparted somo heaviness to the metal stocks, despite tho publication of figures showing a reduction In the European supply of that commodity and tho roccnt largo sales here for domestic delivery. Stocks of tho Iron and steel companies were generally strong In the face of reported re-ported prlco cutting. United States Stool led these Issues, and an apparently largo short Interest In that stock was again matcrlaly reduced. THURSDAY For tho first tlmo during tho week tho stock market evinced a reactionary tendency, with a generally lower level of prices. None of tho declines de-clines wcro Borlous. nor was thero any enforced liquidation, but. rathor of realizing real-izing for profits, with somo attendant bear selling. The market opened with recessions of a point or moro In many of the active issues nnd soon went lower on unfounded rumors, dealing with the al leged serious illness of tho best known member of tho Standard Oil party. Partial Par-tial recoverv was made from these setbacks, set-backs, but the list displayed more or less hesitation for tho balanco of tho day and closed at or near the lowest prices. FRIDAY The reactionary undertono which characterized Thursday stock market mar-ket became more pronounced. Trading was in small volume. If anything, the markot was moro professional. At odd times tho entire list seemed under pressure, but morn often the points of wcaknoss wcro the Harrlman Issues, Reading and United States Stoel which long have comprised the great bulk of tho average day's business. It in a reasonably fair assumption as-sumption that tho prchsuro directed on tne Pacific shares results largely from recent developments In California. The success of the Insurgent caifho In thnt stnte is generally regarded as unfavorable unfavora-ble to tho Southern Pacific road, which, report has It. has long boon credited with unwonted political activity on the Pacific const. SATURDAY. Stocks wero lower again nnd somo large blocks of Reading, Union Pacific and United States Steel wore sold from 1 to 3 below Tuesday's closlnp figures. fig-ures. The markot otherwise was without essential change. The bears did not follow fol-low up their advantage at the outsat and prices consequently worked back to a parity with Tuesday's closing. Most of the business centered In Reading, Union Paclflo and United Statos Steel, which likewise covered the widest fractional range. American Agricultural Chemical lost 1 nnd American Car and Amurlcan Locomotive 1, American Cotton Oil rose 1. |