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Show DEALINGS IN WALL STREET ONCE MOREATJERY LOW EBB j Steel the Most Active Stock, but Trades Amounted Amount-ed to Only 26,000 Shares; Prices Soft. By EROADAN WALL. By International News Service. NEW YORK, Feb 13. Dealings in to-1 to-1 day's stock market were in small volume, j with a turnover of less than I5u,ou0 1 shares. Prices were fairly steady until the late afternoon, when traders attempted at-tempted to cut their commitments, carrying carry-ing quotations 0 the low level of the day. Closing prices were soft. Steel was the most active stock and this Is not saying much, for trades only amounted to 26,000 shares and the prices were steady. Floor traders were discouraged dis-couraged from taking the short side, as the character of the buying was of the best. In spite of denials, the rumor persists that the position of the Steel corporation on the government suit has improved materially Tennessee Copper dropped to 271, with a rally to 28. The president of the company com-pany has become tired of denying that he still retains the controlling Interest-Other Interest-Other copper shares were quiet, with fractional declines, the largest loss being recorded in Amalgamated, with a drop 1 of nearly a point. Smelters showed early 1 strength, but lost all its gain, closing at the low point, 613. j Biscuit Issues Heavy. j Mexican Petroleum was aciive and er- i ratio, selling from fi5 to 63$. This stock i acts badl5 Biscuit issues were heavy. National Biscuit losing 2 points and ; Loose-Wiles scoring a further decline. This is 0110 section of the market that clearly reflects the high price of wheat. ; Inter-metropolitan preferred fell 2 points on the refusal of President Shonts to agree to the proposal of the public service commission that the Interborough should assume the additional costs of , $1,000,000 on the eastern parkway section 1 of the new subway. Third Avenue de- 1 clined sympathetically. New Haven bumped along on the official of-ficial minimum, 47, and Baltimore & Ohio I was active at the low figure, 67. The preferred fell a point on foreign selling. International issues were not pressed for sale for foreign account to any extent, although the Lusitanla's mail is expected to arrive tomorrow. Coal Stocks Heavy. Coal stocks were heavy. Lehigh Valley dropped below 131, Pittsburg Coal preferred pre-ferred lost 3 points and Reading declined from 143J to Hl. Canadian Pacific was steady, to .-'the disgust of several traders who were sl.ort : on the stock. Maxwell Motor . issues scored gains and Studebaker and Goodrich Good-rich advanced fractionally, in ido equipment equip-ment stocks. American Car Foundry fed li and American Ijocomotive shares were offered by Amsterdam brokers, pressed Steel Car was comparatively firm. This issue will probably be one of the first to advance when the railroads begin to buy equipment. New York Central -debenture 6s, when iRsued, made their first appearance ou the floor. Transactions were comparatively compara-tively light around lTjlJ. The new Chicago Chi-cago & Northwestern general 5s were transferred from the curb, but business in this issue was smali Germans Unload Bonds. United States Steel 5s were sold heavily for foreign account. Central Pacific first 4s and Southern Pacific convertible 5s, with Northern Pacific 4s. were all offered of-fered by brokers representing German banks. Mail from Holland is expected early next week, with heavy shipments of bonds sold for German account during the past two weeks. Optimism cannot be registered by prevailing pre-vailing prices, discretion keeping manv bulls out of the stock market over the holidays. Many of the professional traders trad-ers have closed their open contracts and are prepared to come back into Tuesday's market without a three days' submarine risk. |