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Show BEARS HAMMER PRICES ON NEW YORK STOCK EXCHANGE Support Found at the Lower Levels; United States Steel Fails to Regain Its Early Price. I NKW YORK. Sept. 30. Traders en-rK'iavorcd, en-rK'iavorcd, with indifferent success, to arrest ar-rest Mia advance of prives during today's two-hour session, concentrating their ef-iortB ef-iortB upon I'nited States Steel, allied ln-du.slrialH ln-du.slrialH and some of the coppers and rails. These issues were forced down two to almoHt five points In the first hour. Steel receding 2, to llfi'-i, with a more severe hreak in Republic Steel, while 1'nlon Pacific lost two points, with one to two and a half for leading metals. There was substantial support at the lower levels, together with an inquiry ol hrond dimensions for the coal shares, l'iarly losses were recovered, in large part. Steel, however, mantfestfne lesser recuperative power. The close woe slightly irregular. Total sales were 700,-()0u 700,-()0u shares. Additional favorable statements state-ments of earnings were submitted by important im-portant railway systems... Chicago & Northwestern shoTfin? an increase of $1,-090.000 $1,-090.000 in net for Ausust. while the prosperity pros-perity of the slilppinp trade was attested attest-ed by the. July statement of the Atlantic, Gulf & West Indies Steamship company, which Increased its earnings over the same month of last year by more than 76 per cent. The weekly bank statement threw some light .upon recent market activities, the actual cash account disclosing a contraction contrac-tion of about $24,000,000, while reserves decreased by almost 000,000. Trade advices lost none of their recent glowing character, one of the leading mercantile authorities reporting commodity commod-ity prices at new hiph levels. Today's bond market was firm on a fair turnover. Total sales, par value, $2,170,-000. $2,170,-000. United States bonds were unchanged on call. |