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Show STOCK MARKET 16 IN SOLE: POSSESSION OF TRADERS Dealings Nominally Larger Than Early in the Week; Copper Shares Fluctuate. NEW YORK, Feb. 16. Traders were again in sole possession of the market today to-day and in part reversed their attitude of the preceding session, covering short contracts on the more encouraging developments devel-opments overnight. Chief among these was the action taken by the leading transportation lines to relieve freight congestion. con-gestion. Conditions In Mexico and Cuba also were regarded with less apprehension, b'teamship issues evinced some relaxation of recent pressure on the more satisfactory satisfac-tory outlook for that industry, and metals responded to reports of further Inquiries for the refined product from home and abroad. Dealings were only nominally ' larger than in the early days of the week, but took in a considerably larger number of Individual stocks. Among these were some of the dormant specialties, which receive their impetus or support largely from speculative pools. Coppers Fluctuate. Of the more popular stocks, "United States Steel pursued the narrowest course, moving within a radius of 1 points and closing at a net gain of a point. Coppers and shippings fluctuated at extreme gains of 1 to 3 points, Texas company, which was unusually active, making a gross advance of o points and New York Airbrake was 7 points higher at its best. Among the utilities Mackay company, lota! tractions and gas hardened 1 to 2 points and motors were represented at similar advances by Studebaker and General Gen-eral Motors. The higher-priced specialties spe-cialties were only occasionally quoted, American Snuff rising 7 points on publication pub-lication of the annual report. Rails Gain and Lose. In the railway division. New York Central, Cen-tral, Chicago & Northwestern common and preferred, Louisville & Nashville and Denver & Rio Grande preferred, at gains of 1 to 3 points, were offset by more moderate recessions in L'nion Pacific, Pa-cific, Canadian Pacific, Reading, Lehigh Valley and New Haven, the latter at the new low record of 364. Total sales of stocks were 335,000 share. Bonds were irregular, but standard Issues, Is-sues, including the international group, were firm. Total sales, par value, $2,-440.000. $2,-440.000. United States coupon Ss fell per cent on call. Registered 2s and 4s declined and per cent, resepctively, on actual sales. |