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Show INVESTORS ATTRACTED BY THE HIGH-CLASS RAILWAYS Free Absorption ol Such Shares the Dstinguish-ing Dstinguish-ing Feature ol the Stock Market. m OWC, SepL 88 -Free absorb UOA of Invosttneiu tbarea, chiefly the ngh dna railwv. uu , larscst ai-ale wltnosss1 in nmnv weeks, was the dis- unKuisbtuK nature or today's two-hour session, in v hirh i raiiNui'i Ions approximated approxi-mated 00. POO shares, or on the basis of l.aOO.owt ahares rot a full dav. Oslo In tne railways were or R substantial char-acter, char-acter, Pennsylvania. the most active stok ot Its class, iolvancing 2 poitu.i M lit while Canadian raeinV, the liar-nmana liar-nmana New York Central and Haiti more A onlo gained t to point." Inquiry for the rulluMVN seemed to derive de-rive Its chief Impulse from banking quarters, but commUslon houses with western connection also reported an in-rreuaed in-rreuaed demaml from .pe.ulattve quar-ters quar-ters recent I QOpJBl0UOUI In the sensn t lot'a i Qtovement of ,. spH-iitieK, The tstter ware not entlrvlv neale.-tsd Hald win L.H-omotive saining 2d to the new Igh pries of 96i. . wlille Lackawanna steel, up 10 to ry. and Texas Oonaaany, P S to I6il. nlso aurpsKl all previous previ-ous quotations. Bethlehem Steel and a few other war ''!"lf -cad.- slight linprox .nient on small dealings, hut Bsthlshsm Steel preferred pre-ferred decltntxl IS to 170, and some of the leas prominent Industrials 1-11 uwaj' uiotleratalv . United Mtate Steel was leas active t ban usual, hut showed underlying- itrenfttv Most of the motor Issues showed the continued effect a of realising Males, but Oeneral Motors retained re-tained virtually all of its ti-polnt ad- tanoe to .145. The bank statement furnished a genuine gen-uine surprise In thai the estimated lurgu cash ttalit proved to be an actual loss of almost $1" ooO.dort. reser di-. rr-aln by over 088,000000 and reducing thy nx-reiis nx-reiis i eser es from last week's unprecedented unprece-dented total of 1X20,000,000 to $198,000,000. The loan expansion of $&7,57&,i"0 was aooepted as an Indication m Ins week's active wio.-k market. tleneral news ot the day Included the Atchison statement fur August slio Ing a net gwln of t2;:2,00, and the rev lews of the mercantile aseiu-ies, vluoh reasoned re-asoned Keneral expansion of trade. Bonds wers strouK. with, total sales, par value, at $2,900. Opn United States bonds were unohsJUJSd on call during the week. |