OCR Text |
Show Transportation stocks in easy reach of minimum Depressions of Yesterday's Market Due to Steady j Liquidation of Securities Heretofore ! Favored by Investors. i j NEW YORK, Oct. 2 The preater de- 1 , pression which a t tended today's stock t dealings was a.ain due mainly to familiar causes or conditions, namely, steady lium-dation lium-dation of securities or a character licre-! licre-! tofore favored by Investors, i Recent severe recessions in rails were extended by one to four point?, few issues of that division escaping the ! recess ot attrition. New low records were registered regis-tered hy the St. Pauls, New York Central and Haltiniore iv Ohio, while many'other transportation stocks came within easy approach or their minimums. No developments of a specific or definite nature were offered in explanation of the movement, but in well-Informed circles the; belief still obtained that the selling emanated from foreign quarters. The bears were not slow to avail themselves of the decline, which was accelerated from time to time by the extension of short contracts. Industrials and the various shares in- I eluded in the war group were plainly in-j in-j dined to shake en' tile ptes-firo against l ra.ls. I;:i yiddeu with Ine general list ! until ilrp linal hour, when gradual ini-j ini-j proemcnl set in. the market rnan'-,".ng frotn its heavy tone to one of moJet'ale irreculai ity. I'tiiled States Steel's course was again Indi. -alive of the general movement. From irs low level of lt'S'.j. Sled rallied two .oitits, closing at Utt. a. net los of an insimillicant fraction. Copers were ir-j ir-j regular al liesl. hiTt s!iip)ings and recog-i recog-i n'.zed pool shares were ste:nlv to slrong-j slrong-j Total sales amounted to 73.7. fiO shares. ! l 'all 4iioney wat? stabilized by the money : pool, hut limp funds were f.galn In scanty ! suptil.v. thouuh quoted unchanged. Remtt-i Remtt-i tani-es lo London and Pans were easier j and the rate on Home hardened slightly. Bonds were heavy on moderate trading. I the Liberty issue selling at 99.91 to par. j Total sales, par value, aggregated S3. 750,-lil'O. 750,-lil'O. United States coupon 3s rose per 1 cent on ca:.l. |