Show MARKET HOLDS COURSE Closes on Crest of Last Hour Advance of Issues NEW NW YORK Oct Ocl 26 IF The P The stock market was wa a quiet up down own af at fair Wednesday but closed on the crest of a last hour advance which can canceled numerous midday losses loes of 1 to 2 point points and lifted a number o of prominent issues about 1 to 3 points above yesterdays yesterday's final prices price The closing cosing tone was wa firm Transactions approximated shares The Thc imm immediate diate response to the te Unit Uni- Uni I ed cd States Steel preferred dividend was wa short lived and ad an opening up up- turn tur urn of 1 to 3 points point soon faded out out up Selling Selig dried up by however ad and enough short covering and ad fresh freh buying appeared in the late trading rading to give the te list a substantial boost United States Stales Steel preferred reached cached its it best price in the late trad trade ing ng up more than tha 3 points point alter after ater an early arly eary upturn of about 3 had been sharply reduced The common converted con con- a loss Jos of a point into ito a gain of f as much Losses Lose of about 2 points in i n American Telephone Case Cae and Allied Aled Chemical were converted into gains jains of about a point point Drug and andNa Na- Na lonal tonal Biscuit again agai encountered selling soling sell soli sel- sel ing ng but recovered somewhat later American Tobacco B and Liggett Liggett Myers B rose a point and Union Pa Pa- got up nearly 2 |