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Show STOCK MARKET UNDERGOES SETBACK INJHE FINAL HOUR Sinking of Trans-Atlantic Liner Is Given as the Reason for Reaction; .Numerous Advances Ad-vances Made Early. . NEW YORK. Oct. 13. In its essential aspects today's market was a repetition of Tuesday's session, the entiro list losing ground in the final hour, after having registered numerous substantial advances. The setback was at tributed to cables from London announcing the loss of a British transatlantic liner bv a mine in the English channel. Increased s-ope and stabilltv accompanied accompa-nied the trading of the forenoon and mid-session, mid-session, minor industrials being less prominent,, aU-eit their places were taken to an unwonted extent by lower-priced, j non-dividend rails. Conspicuous in the j group were the Wabasii preferred issues. Missouri Pacific: preferred. Western Maryland, Chicago Great Western preferred, pre-ferred, Rock Island and Texas & Pacific. j Shipping Stocks Higher. Shipping stocks also augmented recent gains, particularly Atlantic, Gulf & West Indies and United Fruit, but these were j abruptly wiped out in the liquidation of the latter period. Motor issues gave I promise of assuming some of their for- mer independence, that division at its best scoring advances of 2 to almost 5 points, witli Studebaker, Maxwell and Chandler in the lead. Accessories like Goodrich and United States Rubber shared to a more limited extent. Equipments and distinctive war shares were rirm to strong, General Electric being be-ing foremost in its advance of almost 5 points, the rise resulting from rumors of impending developments favorable to shareholders. Paper issues were less active, ac-tive, but mainly higher, Union Bag common com-mon and preferred recording substantial improvement. U. S. Steel Strong. United States Steel was strong, though its extreme gain of 2i to H6i represented repre-sented the maximum quotation since the reversal caused almosj a fortnight ago by Germany's submarine activities off the New England coast. Total sales, 1 -340.000 shares. Bonds were irregular on further heavy offerings of International issues. Total sales, par value, ?7,f75,ttO0. United States bonds were unchanged on call. |