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Show EUROPEAN SELLING BRINGS OUT BEARS ' , . Logan & Bryan's stock letter from New York says: The action of the market was influenced largely by the estimates which were circulated cir-culated as to ihe amount of stock which the Lusitania was bringing from Eurone. it being said that the same aggregated f:T..000.009. There was onlte a little selling bv houses with foreign connections, which lent color to the belief that Europe is again arrayed on the selling side. The fact that steel sold at the minimum price had a uVprring effect, as did a reduction In the dividend on the part of a subsidiary sub-sidiary of the Pennsylvania railroad. The professional element Is quite pronounced' in its bearish views and predictions were, freely made to the effect that a further lowering o" quoted values would occur throughout tho list. Cupper metal was conspicuously weak and copper shares actd poorly. The out-aide out-aide demand ffr stocks is meager and, jiidgih,? by the looks of things, substantial protection of long lines is In urder, as the list does not appear to bo in shape at present to absorb a very large volume of long stocks. Pain. Webber Co. of Boston nays: j Weakness in New York brought a re- 1 action in coppers, largely causing prospec- : tivo buyers to pull out their biris and leaving no support for the scattered odd- ! lot pel ling. Hanking interests aparent'y 1 had no Intention of holding up prices for the foreigners to sell on and prices" will : be allowed to sag- until the Investment de- ! mand in the country pan later take care ! of the liquidation. |