| Show Will WALL WAL STREET UNDER PRESSURE NEW YORK Sept 16 The The u scarcity of ot stocks In the closing cosing days ays of oC lost last week which forced force tore l the be bears to retreat was no longer the governing feature of ot the market maket when this weeks week's weeks trading began Liberal supplies from all aU sources soues effectually checked efforts effort to put prices higher higher The rhe recent rise apparently readjusted an oversold condition and the market marketa was a not in a a condition to assimilate the te heavy offerings on profit t taking sales alc Some minor shares share share gave an exhibition of strength but the market market generally was under pressure Lack Lck of confirmation of ot the rumors put out to explain th the tho advance In Union I Pacific Reading Reding and Canadian Pacific made buyers buyer cautious and ad tho the fact tact that large largo speculative Interests Interest were supplyIng supply supply- trig Ing Ig stocks gave alive sufficient Inducement to the bears to t begin bein selling The rise in stocks list last week Induced traders to take pr profits ts at the opening to today today today to- to day and large blocks blocs of tho the favorite shares sharee were marketed The tendency was as downwards e. e although further advances advances sance ad ad- s- s vances ance In a number of cases gave the list an irregular appearance Reading advanced advanced ad ad- a a. 8 point following Its rise on on- the London market Canadian Pacific declined two ho points and Union Pacific a point on onh h heavy V realizing Virginia Carolina Chemical Chemical Chem Chem- ical lct last a a point pint Copper shares share rallied briskly on the announcement announcement an an- a- a that the price o of the metal had be been n mark marked up to 17 11 cents by one large selling a agency enc Bullish operations in Reading and and Can were ero resumed with wih some soe success toward md midday a. a exercising a strengthening influence all around arund Bonds were Irregular A wave ave of selling orders again struck the to market after the tho rally raly had been carried crrie car car- cr- cr ned ried rie to a point where the list was WS ruling at or above aboe Saturdays Saturday's close On the rise rte Reading early high figure touching Tobaccos Tobacco were also aso buoyant buoyant buoy buoy- ant American Jumping 5 points The re reaction ye- ye action forced down Union Pacific a point and Chesapeake Ohio also became weak we Otherwise the pressure lessened after prices sold off or one half point pint or so BO b 1 List L Close Co Amalgamated Copper American Beet Sugar 21 American Cotton Oil 01 American Smelting Refining 69 American Sugar Refining 13 American Tel Tel Anaconda Mining Co Atchison 96 Atlantic tato Coast Cot Line Baltimore Ohio Ml I Brooklyn Rapid Transit 90 Canadian fl Pacific 2309 2301 Chesapeake Ohio Chicago Northwestern 1291 1299 Chicago 0 Milwaukee St. St Paul 1071 1079 Colorado Fuel Iron Colorado Colordo Southern Souther 29 Deta Delaware ware 31 Hudson bid Denver Rio Gr O Erie SOl General Electric 18 Gr Great GreM a Northern preferred 1281 1289 Great Northern Norther Ore Certificates 36 Illinois Central Ill 11 6 do preferred 62 Inter Hanc Harvester ter 1108 1109 Louisville Nash Nash- Nah Nah- rule ville 1871 un Missouri Pacific 30 Missouri Kans Kansas Texas 23 3 Lehigh Valley Valey National Lead Led 48 New York Central Cental Norfolk Western 1061 1069 Northern Pacific 11 Pennsylvania 11 1131 Peoples People's Gas 14 Pullman Palace Palace Car Cr i 13 13 ReadIng ReadIng Read Read- ing 1669 i Rock ock ck Island Co 17 do preferred pre pro feITe 2 i Southern Pacific 94 94 Southern Railway 24 Union Unon Pacific i 9 1681 t 16 United States Statts teel Steel 64 do preferred 1091 1099 Wabash Wa- Wa bah bash 41 49 Western Weter Union ISi The market closed close weak Boars Bears were active in the late Ide dealings and succeeded In uncovering some Bore weakly weak weak- ly margined long accounts Lowest prices were mado made for tor most mot of oC th the t representative stocks with particular heaviness In Steel and Ulon Union Pacific Reading Reding went wont back bac below elow Saturdays Saturday's close and Can Cn reacted two tw points pont when tho the general goerl pressure pressur be became became be- be came caine too severe |
