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Show WALL STREET SPECULATIVE j ARDOR 16 UNDER RESTRAINT! . Overnight War Bulletins Not Considered En-1 couraging; Steel Dividend Expected Ex-pected Today. N"EW YORK, April 29. The spasmodic activity of pools in low-priced specialties saved today's stock market from absolute inertia. Trading in the usual leaders was of the most slender proportions, rails being be-ing relegated to the background. Overnight Over-night war bulletins and those received during the day were in themselves sufficient suf-ficient to restrain speculative ardor, and domestic advices offered only partial encouragement. en-couragement. Reports from leading railroad terminals differed as to business prospects, tonnage showing little change from the corresponding correspond-ing period last year. Trade conditions. It was indicated, depend largely upon the quickening of delivery in the immediate future. United States Steel, which led the list so far as it displayed anyv leadership, was watched for some intimation of tomorrow's to-morrow's action on the dividend. Steel made an extreme advance of a large fraction, all of which was later forfeited. Early gains of 1 to 1H points In Bethlehem Beth-lehem Steel, Baldwin Locomotive, Central Cen-tral Leather. Studebaker and Atlantic Gulf were mostly cancelled In the sagging sag-ging trend which marked the final dealings. deal-ings. New- Haven was the only railway rail-way issue to show even temporary' strength, despite the interstate commerce commission's severe arraignment. Persistent Persis-tent heaviness was manifested by the American Telephone and Sumatra Tobacco. To-bacco. Sales amounted to 185,000 shares. Lire, or Italian exchange, declined to the low record of 9.00, or nine lire to the American dollar. Bonds were irregular, Liberty issues reacting, re-acting, with nominal changes in Internationals. Inter-nationals. Total sales, par value, aggregated aggre-gated 56,335,000. United States, old issues, were unchanged un-changed on call. |