Show I SHORTS IN STEEL STEELE STEE ISSUE E BEGIN BEIN T TO COVER 1 Increase in Earnings Is Reported Reported Re Re- ported by Republic Sugar Sugar Su Su- Su- Su gar gat Group Is Up by Harold Jarold TI R. Smoot mot Co NEW MEW V E YORK Oct 21 Republic 21 Republic Iron and Steel earned a share on common In inthe th the tho quarter ending September 30 against 1622 in tho the previous quarter and 06 Inthe in tho the same period of ot 1919 Average price of twenty Industrials up 66 twenty rails rais up 05 The American Railway association says sayi the tho freight situation throughout the country country country coun coun- try Is IB greatly greaty Improved with wih cars car now tied ted up tip against In July Dow Dow Dow- Jones Jonea Jone There was apparently some short coverIng coverIng cover- cover Ing log In the steel stee issues yesterday The re resistance re- re of the hare to selling pressure has not been at all aU to the liking ot of the bears especially since such statements statement as that of the Republic Iron are to be ex The Steel company led the way by publishing a low record of earnIngs earnings earn earn- Ings in the third quarter Republic has followed fol tot lowed towed and all al that is needed to complete the confusion ContusIon of those who are short of oC the I steel 1 stocks la is for o the U. U 3 S. Steel corporation corporation corpora corpora- or i rh 1 i tion to come o out with Its earnings g statement statement state state- ment showing showinG a similar condition to have prevailed in the case cae of the largest larget pro pro- ducer Times Reentry of the American Sugar Suar Refining pro pro-I company Into the market for fine granulated granulated sugar at 12 cents en a pound d helped t the entire e 1 sugar group U yesterday sf Before its I withdrawal from Crom the market several weeks 22 A ago the American allocation price was cents With Wih the Cuban situation brighter I the tho short interest Interest has begun to display lay nervousness The first important result of the Washington conference regarding the Cuban troubles has bi been en seen In an In- In tse of a cent a pound as It concerns raw sugar sales of which have increased the last lat few days at higher quotations Mall Mail Mal It l Is getting to be a favorite method of putting up stocks tocks at the expense of oC the short Interests Interess to create a scarcity of oC supply of the stock for loaning purposes which naturally scares a a short to death Odd lot houses house particularly are ae frightened at such procedures because because oC ot their experiences Inthe Inthe in inthe the Stutz corner comer lorer and do not hesitate to jump Into the market market and buy In the shorts short whenever when when- ever they find difficulty In borrowing a astock stocks stock That Is what happened In Sears Sears- Roebuck Rebuck and Is one of the factors factor in the advance in Coca Col Cola Cola Shorts found It hard to borrow the stock and were obliged to cover by purchases In the open market or orto orto orto to take the chance of being bought In Herald From Prom all al prod producing acing steel centers center come reports of further concessions In prices for forI various products product by the com corn I panics One Important local Inde independent states that several of the companies would make still sti further reductions if it were certain certain tam tain that that tho the move In that tha direction would Induce buying News |