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Show MARKET FAILED TO HOLD STRONG LEAD James A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday afternoon: after-noon: Paine. Webber & Co. letter, Boston. The small amount of buying which advanced ad-vanced the market yesterday failed to have any effect today, and during most of the session the entire list looked tired. There was no nows to stir up business, and floor tiuaers wero allowed to make prices at will. In tho local market coppers had a sagging tendency, Groene-Cananca. Indiana, Isle Royalo all being fractionally lower. Giroux was the only strong spot, advancing J on scattered scat-tered sales. Logan Si Bryan stock letter, New York.An extension of tho upward movement, which was started yesterday, yester-day, took place during the first hour today, but thereafter, realizing was In progress, and In the last hour general recessions took place which carried prices In a great many instances slightly slight-ly below last night's levels. Market- wise, tnerc was very iiuiu nuws ui importance, im-portance, but Bcntlmcnt in view of the action of the list yesterday was rather optimistic. The demand today from commission houses was not very large, and the trading, as has been the case for some time, was mostly of a professional pro-fessional character. Several large operators oper-ators who of late have been actively engaged en-gaged on the long side, today realized on part of their lines, and tho market did not show a disposition to absorb such offerings as was at first anticipated. The opinion was expressed that recent developments would tend to eliminate politics as an immediate market factor, but such apparently has not been the case, as news of that character from all quarters Is being closely scanned. The result of the Republican state convention conven-tion at Saratoga on September 27 will undoubtedly be awaited with much Interest Inter-est and serve to give a much better Idea of what may he expected In the future than anvthing which has yet, transpired. The short Interest nas been reduced materially by recent operations; in fact, a greater part of buying has been attributed attrib-uted to that source, so It will readily be perceived In the absence of an aggressive aggress-ive outside Interest that the upward .swings can hardly bo expected to hold. However, moderate purchases on the declines, de-clines, when properly safeguarded, should prove profitable so long as the list thows a disposition to fluctuate within compar- unveiy imnuw uiniw. Gallagher savs: Continued activity and strength shown In the curb stocks. In the coppers, Giroux. Chlno. SI. v. and lCly Central tho most active. In industrial indus-trial list. United States Light, Heat and American Tobacco strong. Market looking look-ing better all around. Hornblower letter, Boston. Copper share reaction was small today In sym-pahtv sym-pahtv with the weakness In New Tork. There was no pressure to sell and offerings offer-ings were very light. The buying on the recession was good. The feeling still remains re-mains bullish, and good Judges are advising ad-vising buying on all weak days expecting a gradual' but steady improvement in prices. The close was steady but dull. New York Sun. After a. strong and active first hour, when the level of prices was advanced substantially over last night's close, tho stock market developed considerable Irregularity, under Influence of traders' profit-taking sales, presumably presuma-bly as well as of carefully conducted liquidation of more Important origin. It is supposed that the buyers of this week are not the buyers who took stocks around the lower figures two or three weeks ago. However, enough speculative interest In bullish prospects has been aroused to permit the market to absorb some stocks, and the tone of tho list in the early part of the afternoon was firm with business contracted on the recessions which had taken place. |