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Show STOCK 1ARKET RECOVERS EROn EARLY WEAK SPELL Prices Lower During the Forenoon, but All Losses Are Regained Before End 6f Session "Bj BROAD AN WAKL By Interna ional News Serv ce NEW YORK Dec 8 Tl e s ock mar ket experienced a weak epe early today b t qui k y recovered all the osses w th sometb ng add t ona before the close Brol e s dec ared af e the end of the ses slon that there had been a subs ant al Increase In the last two days in the short Interest and that hey were lending more stocks than for weeks The technica po sitlon of the speculative account is con sidered to be weak many stocks having been overbought Prices were ower dur ng the greater part of tbe forenoon owing to cables that a standard O tanker had been torpedoed by an Austrian submarine Brokers how ever reported a fair demand for securities on, all recessions so that official an nourtcement that the vessel had not been torpedoed was followed by a rebound which carried quotations to their previous closing and in many Instances above Ral road shares fai ed to manifest much strength and are proving bitter d sap po ntments to Investors and speculators who believed the curtailment of specula tion in the war brides would be fo lowed by activity in the rails Coppers were firm with Utah strong owing to an in creased dividend Steady Buying of Rails ( Conservatl e brokers state that there 13 steady buying of the ra s for lnves men but that the floating supply has not been ma e lal y reduced on ing to the constant offerings from European In ves ors This is said to be partly true of Union Pacific Motor shares absorbed attention In the ate trading Genera Mo ors advancing twenty five po nts to he new high fig ure of 546 Studebaker was a so proml nent rising more an en o nts Chevro et was n good demand on he curb ajid he writer earns hat p eparationa are being made to have his sue 1 s ed upon the .New York Eto k exchange Ins ders report a s eady g o th n e orders re ce ved and de are the produ t s sue cessfu y compe ng w th the ho d car S nee December 1 C ev olet has a-d van ed twenty h ee poin 8 and Genera Motors e ghty one Dividend Disappointing D gestion of the announ ement of an In tial d Idend by t e A U Cha mers di rectors of the p efe red fa ed to create any actlvi y in the shares B Okers de ared t lat the fa ure of the preferred o respond to the d dend announcement was due to sell ng by one anke who was disappo nted with the s ze of t e ex ra dividend of 1& per cent declared on ac count of back payments Thib banker to gethjer with two others had expected an ! extra dividend of 5 per cent n addlt on to the regular payment of U D rectors voted down the propos t on to pay an extra 5 per cent, according to a man c ose to the company through fear of excit ng ; demands for hl0h wages from emp oyees Railroad earnings showed in reases especially with regard to gross for November No-vember the Louisv ille & Nashvll e an nouncing a gain of $1 035 6o0 Western Union was act! e and"ngher owing to he dec a ration of a regu a quar erly dividend of 1 per cent and an ex ra of one ha f of 1 per cent Bonds continue stead In es men bankers declare that dealers would go n o the market and stock up were it not fo the expectation of large blocks to be of fered by bankers for the account of Eu opeans Bonds are said to be n th s country and It la only a question of when the American f seal agents for the for eigners decide to pedd e them out. |