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Show jLOWER QUOTATIONS ON THE ' NEW YORK 6T0CK EXCHANGE j Drop in Rails Follows Wilson's Address, Although Al-though It Met the Popular Expectation. NEW YORK. Jan. 4. Trading in j siot-ks today wa.s c! ia ra te : ize.i bv a st:e-, st:e-, I'crsi'm of coufusi'.g reversals, the list i re I imr no k-ss Cu;n ra!f a dozen ad-j ad-j vh!ivs and d-1' ii (-'-. I. nv.fr Mi:utjti"i:s j PF.--v.iid at the -an-.:-, impoitar.l issues , siwwui;' a pi '-por.-ir ance cf luss. for l t!:f rn-'-t part nurisinal. I 'rs'-;t!-?ii'. in stared villi the issuance i - f tilt- pres. i ieut' s me--a -:.: dca li t:S with f'-dt-nil control of the rai!r"ads. AilhntiLrh bis recomrnen'.;ai:o;ij on this important pJ est ion were in line with i -p 'i lar ex pre -taUons, rails immediately declined 1 to o points wring out most gains in that quaver. , Bailies, probably resuhing from short j covering, effected partial improvement, as much ns L' pon:ts in a few instances, but this advance was aafn Inst in the final hour on renewed offerings of iu-clusirials. Cniicd States Si cel. which a 2 a m con-t con-t ni m ted IichviIv tn the cay's tairly l.iri;e turivA or. fluctuated between and M. c! isi a fra etlon over Its minimum and a ii.-l loss . t ; poiiii. i 'o.t lr-rs and l':t'i , u s v. ere tho si : cng-cst cng-cst ff-.'.ui: es cf the transpui-i.it n s:m, but eMii-m-1 i:ains of m2 p-Mnls wi':' materially reduced or entirely fcr-:e!i"i fcr-:e!i"i iit the tud. l'"o's ere aua i n act i ve in specie ! t ies, notably motors, but Tailed to enlist outside out-side support. 1'iiiities were heavy tlr"i:i;!out. A mericun Tele: he-no lo:ng almost (J points, presumably m connection witli the new issue. Total sales amounted amount-ed to !". ". shares. Bonds were irregular with weakness in some junior rails. Uberty 4s suid at ci7 to &t.u and tlie o'-s at . S 0 to 9S.7U. Total sales (.par valued aggregated $4.2rl0,0')0. t'nited States bonds, old issues, is-sues, unchanged on call. |