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Show STOCK MARKET -RECOVERS IN FINAL HOUR OF DEALINGS Leaders Uncertain or Heavy at the Outset, Caused b' Reaction in Rails. , NEW YORK. Dc. 1. "Leaders were 1 uncertain or heavy at the outset of today's to-day's short ;ind inactive session 011 the ! stock exchange, mainly in consequence of another reaction In rails. I Industrials also were moderately unset -j tied with shippings and prominent spe- dailies, but these reversals were almost ; entirely overcome fn the last hour. United jStates Steel, coalers and motors leading !a fairly spirited recovery. United States Steel rallied from its low of i 1 1 1 to a point over that level; Maxwell Max-well Motors gained Zi points, the first preferred 3 and the second preferred 4 points. Harvester company rallied 3 points from its recent degression. Anaconda Copper was firm and General Electric and American Amer-ican Telephone Improved a point or more. Hart man corporation, one of the more obscure specialties, stood out by reason of its extreme weakness, losing 10 points on a few saJes. A steady tone prevailed at the close. Sales amounted to 145.000 shares. Actual clearing-house loans expanded by almost ?6 I.OOO.Ol'O, reserves of members mem-bers in the federal reserve bank Increased slightly over $4,000,000, and excess reserves re-serves increased by almost S-"Ji.Onii,0OO. hringir.g total reserves up to S152,00i'.o00, the largest sum In many weeks. Bonds were slightly lower on very small offerings. Liberty 4s sold at 97.76 to ?7.Ri and tho "4? at pt.SS to ??.P". Totnl sales, par value. ftea:'euated ?1 .72",0io. 1'nited States bonds, old is.-ues. were un'iiansed on tall rt urine: the week.' SEW TORK, Pee. 1 . T'sherincr in the final montli of an eventful year, this week's stock market disclosed no striking or novel features. Dealincs dwindled, developments de-velopments at home and a:jrad, together with additional trade barriers erected hy the exhanse. cauyinq- a virtual suspension suspen-sion of public ini-iuii-y. The more direct aspects of the international inter-national financial situation were apuin furnished by exchange on Rome and lJet-rograd, lJet-rograd, the former movement corresponding correspond-ing with the ebb and How cf military movements in Italy, while rubles were ir-recrular ir-recrular on nominal trading. Scandinavian Scandina-vian remittances held strong in the face of Genmuiy's menacing attitude toward Denmark. Railroad shares manifested further reactionary re-actionary tendencies, more from sheer Inertia than for any other reason, although al-though additional adverse October returns re-turns and the bewildering features of the proposed pooling of eastern lines were attendant factors. Co-ordination of financial and Industrial Indus-trial reserves, it Is generally agreed, lias risen to greater efficiency, largely as a result of the better understanding between be-tween capital and labor. The investment invest-ment market continued in a state of deadfock. however, as evidenced by the 3teadv shrinkage of gilt-edged bonds. Call money rose to 6 per cent, the highest high-est rate in about two months. Time funds are expected to harden appreciably before the expiration of the year. |