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Show COPPERS. OILS AND MOTORS CARRIED UPWARD BY STEEL Conditions, However, Are Favorable for Higher Prices All Along the Line in Wall Street. . NEW YORK. May 26. United States Steel achieved the new high record ot 134 in the course of today's brief but ac tive trading and carried others of its class to top levels for the current movement. move-ment. The vigorous buying extended to coppers, oils, motors and a wide variety of equipments and specialties, inn! tiding sugars. A striking feature of the latter division was a 23-point rise in South Porto Rieo ugar to 200. With one exception, virtually all the developments de-velopments of the day were of a constructive con-structive diameter. Rubles slumped abruptly on moderate offerings and were, in part, responsible for the irregular easing of prices in the later dealings. Backwardness Backward-ness of rails also served to restrain bullish bull-ish enthusiasm. Coppers were assisted by news that producers pro-ducers again had advanced quotations for the refined metal on orders deliverable during the third quarter of the year. Petroleums probably owed their material gains to intimations of a further rise in crude and refined products. A drive against the shorts accounted for the strength of General Motors and Stude- bakor af pains of 51 an.1 4 points, re-spert re-spert lve!y. Industrial Alcohol forced stcavlily ahead at an arivant'e of points, to l.'.S, and exlraordinary activity was shown by Com ProdiK-ts at an extreme ain of 3 points. Total sales of about TTo.niio shares were in keeping with .the activity of recent days. Steel, as usual, furnished fully one-qiarter one-qiarter of the whole. Important hani;es in the bank statement state-ment denoted the shifting of nmneys incident inci-dent to t he dotation of the two-billion -dollar loan. Actual reserves of loval institutions in-stitutions in their own vaults decreased by more than $32. 0H0, 000. while reserves in the federal bank increased over $i;;i.0O0.nO0. The loan expansion of more than $oS.oon,-00O $oS.oon,-00O was traceable, in lare pa rt. to the great increase of market operations. Kx-eess Kx-eess reserves increased almost ?:!0,(nio.oOu, restoring' that item to above ?17ti, (-00.000. against barely $30,000,000 the first week of the month. Bonds were Irregular on a small turnover, turn-over, total sales, par value, beiim $1,875.-000. $1,875.-000. United States bonds were lower by Ji to 1 per cent on call during the week. |