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Show ILL STREET. ifffCTSSWE S. a, . .Hi i i . AdrerM Reports Cause . Short Selling. NEW TOIIIC, Aw. Ml preftt taklaa by profaaalonai trader! aad aoma short eelUne. baaaS m farther eats hi aaaar and rae etl'wrloaa, and tha eellapaa ef j I German snarks te IS cents a mill tan. era as at abaat a modarato raeetlea Is ta-daya ta-daya etoefh market after nearly ana week I I of rleta prleea . Offer! n a generally I Irera welt a boor bed. Salea appraaimatad Ot.lU Sharer FMraa refitlnuetfl their mavamant te Hhther around -at lha opening of teday'e atarif market. Hay In r atnbranod a wtda vartaty nf ah area, Initial slna of J to polnta beins recorded by Northern Paelflc. Naw Or lean. Texaa ft Meateo, TaiHfla Oaa and Btactrlr. and Stewart-Warner Stewart-Warner Speedometer, Baldwls aa4 Sta-debaker Sta-debaker wera ahshfly heavy, PYofeaalonal tradexa wha hart boaeht atorka far tha tumesan to taka their nreMta thla mArnlns appaaenlly tha theory that tha, tachntral reaction was tl ue after flya'daya of advanelng prteea Tba aelltng waa meat effective In tha an called prvotal atoeka haavlneaa af thoaa eharea reaultlna In aympatheile Ae cllnea throushouC tha Hat. I.oeere of 1 to polnta wera aatabllahad by Baldwin and Aniertoe-M leoortmotlvaa VaHM 1 States Steel, gtudebaker. American 1 woolen, csra Produots snd S namber af other - Call money opened at 4. per cant. Kelltna orders predominated In the afternoon, with tha senerat weakness of the customary laadera suagcattng a r aewal of bear preeauro. IaPont waa hammered (tneR a and Oeneral Aa-phalt Aa-phalt and Allied Cnemlaal laat t each. Tha cloeina steady. fVlcea stiffened In tha lata dealinsa. desplta tha marking bp of tba call money rate te luj per cant. WKRKt.T BOMB TRKB NEW TORK. Aua. St (By A. F While there was moderate improvement la tha volume of over-the-counter bond tales Sarins the peat week, net ehanga in bonda Hated on the New Tork eterh exchange ware, with fee? eseeptiesS. very smalt, New offarlngs for the week tot at tt3.S41.tee. the ,tea Set povernment rf Norway twenty-year g per cent sold bonds cimprtelng nearly half sf the total. to-tal. That teeua waa heavily averaub err I bed within a few haura after tt waa off ered at to yield . per cent. Offertnas tha preesdla weak totaled eaiy fi.tss.tea Valted atatoa s"vemmeet bomts etoaed the weeh prsctteally ' unrhanped. at rang th In the latter hah ef the ween overcoming a sJlsM downward el ant earlier. Tha feature of the week's trad Ins lay In the ferelcn group, where practice prac-tice ly all .or -the Freoe-a and BelsiuiSK laoao dropped off a vera! pot ate on tie rhen in the UermaJi severnment sd-1 nilaistrstion. anty to come back daring the teat few days of the weak. i Mexteea 4a snd is moved up 4 snd I' points reepectlvely on announcement that i tha Joint commlaalon had alsaed mlnutea ef their conference to be forwarded ta their reepeotlve goveramenta aa s basis for poeaibls rscognUlOB sf ths Maslcaa republic. - Railroad ' rhertgegas aad tndusttial Mesa recortfad trresular movemeats, moat of tha hish grade Investments hold-1 las relatively firm throughout the i week. ' ' The time money market wss stsgnant, little money being offered and little ought. Bankers expreaeed divided opinion, opin-ion, as to the future trend of rates There waa a sesewal of Intereot In the flit, ttt.ttt loan recentty author tied by I the Argentine government, re port a having hav-ing It that three separate syndtcelee of 'New Tork bankers have submitted bide i for tha taaue. It la probable that tha ! initial offering win be for tit. ttl. tee. the amount of tha Arscntine short term' ! loan due October 1. London. It is understood, un-derstood, has withdraws from the oom-. oom-. petition because of the fact that the leeue Is to refund n dollar obligation. The only offering ef any aiae last week beeidea the Norwegian loen waa an laaua of ft. tot. let twenty-five-year IH Pr cent sold bonds of the Nort Aincilcan Edison cempaay at tl te jield prr c-nt. |