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Show STOCK MARKET EXTREMELY i DULL; PRICES ARE FIRMER Weak Short Interest in Steel May Be Driven to Cover, Copper Securities Are , Heavy 3? By BROAD AN WALL By Internat onal News Ser ce NEW YORK, Dec 2i Western all road pres dents I ave arranged a CI ri-t mas for the nterstato commerce com miss on w n tl e d ap ay of unfavo ab c ra oad etu tis and rumo s of furthor redu t ons n the d vlcienda whlcli the hope v eflu t in a cont Ibutlon of in c eased freight rates for the weetern oada Today s Btoclc market Tas ex Irene du prices In the n aln be ng ;a shade f r ner on short covering Steel com mo de e oped a better tone at the I n n mum price of 48 on rumors tl at ! the flgu e will not te lowered b) t e ! stock ex hanse authorit es Commiss on I houses report that many cl ents of a , semi professional character ha e in i creased the s ort interest in this stock s nee the exchange opened on the theory that the min mum pr ce -rvould be low ered to 45 as the quarter y earnings w undoubted y be poor and t aders f nd it eas er to borrow tocks han to carry them A v. eak short Interest has been estab shed that wl I no doubt run to cove on an favorab e news Broker's Opinion A ne known bro er w ose judgment is el able expressed the opln on. tha fu lj 60 per ce of recent sa es In this iBsue as been sho t s 1 ng 1 was ons dered an interesting fea ure that no efforts were made to t ade In steel common be ow the m nimum p 1 e n he ou fe de market. Read ng was act ve dropp ng to 1 with a recovery to 141 at the close h gh U ey ex d dend sod fron 291 down to 126 and back to 128, w th a po nt between sales This s ock a a poor ve hiclo for bear sh operat ons Canadian Pacific and Ba t mo e &. O lio f el to the min mum flgu es lo3 and 67 respect Ively Fennsy van a. recovered to 101 and Souther Railway preferred was act ve at the price of 68 a loss of s x points Copper Stocks Heavy Copper stocks were hea -y Ama ga mated touched 483 and Utah 46i Ten esf:ee Copper sod as low as 30 where good bujlng appea ed New Yo k Central made but a feeble rail on tho announcement of tho dec arat on of the regu ar dividend clos Ing at 22. Interborough Metropo ton was qu ct at 12 One m 1 on dollars of tha Dotes will be pad and the remaining $3 000 00 wi 1 be refunded by an issue of ten year 6 per cent notes Th s re ma ed Pre ident Shonts s a step toward the resumpt on of di idends on Inter borough Metropol tan preferred S ocks closed steady and quiet and In the bond market trad ng was dull with a good demand for Atch 'on general 4s Read ng 4s and I n on Pac flc f rsts by n estors V, abash refund ng 4s improved a po nt T adcrs sold New York Railway adjustment 6s and Third Avenue os on fears of a snowstorn t e worst enemy of a street ra way companv C ristmas festi It es were ent rely lack Ing but greetings were none the ess sin ere be rrg ess boisterous. There is an undertone of cheer n the f nancial dis tr ct |