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Show WALL STREET STOCK MARKET! STRONG TOWARD THE CLOSE Fear of Railway Labor Situation Passes and Extensive Ex-tensive Short Covering Soon Follows. I NKW YORK. Sept. 2. Today's market mar-ket hesitated at the outset, first quotations quota-tions indicating doubt on the part of the professional element as to the significance of overnight developments In tiie railway labor situation. This condition gave way later to general strength, the advance be-liij be-liij aided by extensive short covering. Trading in marines, which supplied over 25 per cent of the brief session's turnover, turn-over, was the noteworthy feature, the preferred pre-ferred making a new record on its gross advance of 4 points to 109. with l1 for j the common and 1 to 2 points for other 1 shipping shares. 1 A new maximum was also made by ; American Zinc preferred, which advanced points to 743-4, While General Motors preferred sold at Its best quotation in many months, rising 3 to 1 2S. Coppers and other metals were 1 to 2 points higher, high-er, munitions and petroleums advanced as much and motors made up some of their recent losses, with additional gains in accessories. United States Steel came forward toward the last, beint; extensively taken up to !)68, an extreme pain of ls, and placing it with the quarterly and extra, .dividends of the previous day, within i point of Its high record. Reading and Canadian Pacific led the advancing movement in rails at Rains of almost 2 points, with a point each for St. Paul, Northern Pacific, New York Central and some of the eastern groups. Total sales amouVited to 274.000 shares. The foreign exchange market was a nominal affair, with no change from yesterday yes-terday except for a slight recession in rubles. Bonds were steady, but dull, Anglo-French Anglo-French 5s being hugely dealt in at the prevailing quotation. Total sales, par value, were Sl,44i,000. United States coupon 4s rose per cent on call during the week. |