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Show VALUES ARE NOT CONSIDERED IN MAKING STOCK PRICES Wall Street Operators Use War Gauge, Prices Going Lower on Each Success of Teutons. By BROADAN WALL. By International News Service. NEW YORK. Feb. 2S. Values were not considered in making prices today In Wall street. Quotations were based entirely upon the progress of the fight before Verdun. Ver-dun. Throughout the day there was a steady downward movement which at times seemed contrary to the war news reported. Old-fashioned traders, however, did not let this obscure the situation. There Is alwBys some important banker or investor somewhere who knows the truth, and his selling sets the pace In the market. In the afternoon a superficial rally carried car-ried prices up a point or two In some instances. in-stances. It was really nothing more than a covering of shorts. New Low Levels. In the course of the day several stocks sold at new low levels for the year. Among those were American Can, New York Central, Cen-tral, Mexican Petroleum, Marine preferred and Baldwin Locomotive. Reading attracted attention throughout the dav. in the morning it was high and although it yielded from its early price it turned strong ti hen every thins else was weak, and advanced steadily to the very close of the market, showing a net gain of more than two points upon the day's transactions. Munitions Orders Scented. In the advance of Verdun an astonishing astonish-ing volume of ammunition is being pended, and. regardless of which side wins, it Is evident that there will be now orders placed for vast supplies. Belief In new orders caused good buying of munitions muni-tions stocks upon the decline. They were purchased by strong traders and are now in shape to rally sharply on the first sign of a market recovery. Wall street is watching .the market for Anglo-French bonds with Jfeverlsh interest. inter-est. They are really on the firing line at Verdun and as they waver or advance so is the stock market expected to go. They fell today from 94 to 93, a new low price. |