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Show (W YORK MARKET IS iGAIN EXTREMELY DULL New Low Records Are Registered; Testimony Testi-mony in Steel Case Is Discouraging to the Bears. IBROADAN WALL, national News Service. YORK. May 12.-Bluo and cd as Wall street is, after ; wMch many new low rcc-e rcc-e registered". It must bo ao--ed that the ovldcnco of Knrrell of the United States poratlon given today la both Ins nnd Inspiring. Once a laborer nnd now tho prcsi-thls prcsi-thls (ho greatest corporation Jnlted States, ho told In a ,nd straightforward manner de that encircles tho globe, icnre on Steel common aro for ammunition to depress ,cy will do well to have this testimony cut short Steel was comparatively firm at the day. i market was cxtromely dull ow and showed weakness In bsucs in tho late trading. Jon market being c oscd. our ailed to reflect foreign sentl-Jentral sentl-Jentral Drops, i theory that Reading may sell Us Jersey Control In the irkct, somewhat after the if the dissolution of union nnd Soulhorn Pacific, tho r Jersey Central dropped nt to 305. next to 300. and flnal-a flnal-a full decline of 24 points turday. Other coal stooks lk In sympathy. IChlgh scll-153j scll-153j and Reading at 159. Ponnsylvanla closed at 110J, a new low figure for many yearn, and St. Paul preferred, a standard Issue of tho higher grade, dropped to 185. Thcru were losses of a point In Pullman, Bethlehem Steel, preferred and Westlnghouse. "Woohvorth, Rumely and the Can Issues were soft, and Sugar fell to 10SJ on rather heavy trading for this stock. Virginia-Carolina preferred lost four points. Reports from tho copper market Indicate In-dicate a fairly good demand for the metal, with strength In tho price bo-tweon bo-tweon 3fJ and lfi cents. Amalgamated, Amalga-mated, however, failed to reflect this nnd moved Irregularly. Some Pleasant News. It was pleasant, news to note- that tho SU.oOO.OOO Chicago, St. Pa.ul, Jlnncapolla & Omaha 5 per cent debenture de-benture gold bonds had been oversubscribed over-subscribed for within nn hour of tho offering at 072. Reports from Washington that President Wilson would deflno his views on the currency question within with-in a 3hort time also had a good effect. ef-fect. Wall street had not anticipated a decision today on tho Minnesota rate case, and little disappointment was felt when It was announced that the supreme court had adjourned until May 20. Railroad earnings for the first week In May showed fair Increases. Missouri Mis-souri Pacific Rained $107,000, St. Louis & Southwestern $1S,000, and Canadian Canadi-an Pacific $133,000. It has been decided de-cided that the brief of the eastern railroads, requesting an increase In rates, Is not to be filed with tho Inter- . ntato commerce commission before Wednesday. |