Show I Labor Conferences Affect Wall Street NEW YORK Aug 12 Today's Today's market was as influenced largely by events attendIng attending attending attend attend- ing the railway labor conferences Rails Ralls were irregular with strength In Reading and heaviness in Western Vestern issues Announcement Announcement Announcement An An- toward the end of the session of the virtual failure of mediation proceedings proceedings proceedings pro pro- was followed by a reaction Reading Heading yielding all its rise with more mor moderate reversals elsewhere Coppers which were the actual leaders at gains of 1 to almost a 3 points lost little of their advance Shipping issues were heavy in ill connection with the proposed capital readjustment of the Mercantile Marine company The closing was ir ir- ir regular Bonds were steady Confusion resulting chiefly from the tIme crisis in the railroad labor situation accounted ac no- counted for the Irregular trend of prices at today's opening This was vas Indicated by the time uneven movement of rails ralls ReadIng ReadIng Read- Read Ing lag scoring a material fractional gain with losses of as much or more in Union Pacific and St. St Paul Publication of the marine readjustment plan was followed by a drop of 1 points In the preferred stock There were large offerings of United States Steel at slight concessions Munitions and equipments were fairly firm and copper showed Improvement Heavy trading in the now new French notes all at 93 98 featured the bond list |