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Show PROFESSIONALS WAITING ! FOR RESULTJN VERMONT London Sends Out Higher Prices for Americans and the Railroads Submit Favorable Reports Re-ports of Earnings. By International News B4jTVloe, NEW YORK, Aug. 28 Although London Lon-don sent out higher prices for American securities and the railroads submitted fa-vorable fa-vorable reports of earnings stocks were supplied today In liberal volume. Selling was Chiefly for the account of professionals, profession-als, but then- offerings were sufficient to close, practically all .standard Issues with net losses averaging a point. Final prices were about the lowest of the session. i oward the end of the forenoon there was a recovery to about the closing prices of the previous day, but pressure made lis appearance again In the afternoon after-noon with the result that the whole Hat turned heavy. Transactions were almost entirely 0f a -So naI (nar1a' ter- A falr demand for shares existed In the loan crowd but "Khter than on Tue-sdav. confirming confirm-ing the belief that the advance which took place In the previous session had been based solely on short covering Today's To-day's decline also emphasized the hollow-ness hollow-ness of such upward movements. A large part of the soiling late today reflected an indisposition on the part of tlie large professionals to hold securities over the holiday. Many professionals as Well M other speculators prefer to await the Vermont election result before taking a decided position In the market. Ver-mont Ver-mont Is a rock-ribbed Republican slate but the existence of the Bull Moose partv may cut down considerably the ballots cast for President Taft if such should be the case It would be inferred that i other Republican states would cast less votes for Taft All railroad earnings published were favorable. Missouri Pacific stock held Ilrm on announcement that the road In June had been able to reduce the deficit I tor that month by $2,430,361. Transac- tlons In the Rock Island Issues were re- I vlved by the publication of a Julv statement state-ment showing an Increase of $300,000 In net after allowing for taxes Both the I stocks and bcn,is of the Rock Island System were strong Copper shares were supplied In liberal volume throughout the session. Amalgamated Amal-gamated and Utah lost one point eacn. Gossip in the street had it that the. Gug-Renhetms Gug-Renhetms were favorably disposed to an advance, in Nevada Consolidated and I Utah Copper based on the larger pav-ments pav-ments In store for the stockholders of those two companies Tobacco shares were also weak. On small sales American Tobacco declined four points. American Snuff was strong early in the dav and advanced two points but It declined with the rest of the tobacco to-bacco Issues in the afternoon. |
