| Show RAILS OFFER LIST Congress and of Cotton Prices Frighten Traders NEW YORK TORK Dec 4 Specula Speculative I the tive uncertainty o cr th the length time It would require to congress and the weakness of ot cotI cotton cotton cot cotton I ton Influenced considerable irregularity Irregularity I larity In toda's stock market markt ArtI vr Att-vr pr or sellIng sellin off olt in the Iho first hour par par- partIal par partial I under the recoveries were soro made leadership of o the tho rails ralla the tho Erie arIa CO C 0 and 1 anla It Sales approximated shares share characterIzed characterized charac- charac higher prices the tho U S Stool and nd Baldwin opened fractionallY did several other active hIgher as IndustrIals IndustrIal The sale aale of ol a a block of shares of or Pennsylvania railroad at nl Alc was as raB the feature of the tile early del dealings th the me stock later laler nii ad to 41 11 c Union Pacific was nas a again heavy DOWNWARD AGAlS Another flood of offerIngs came cune Into the market In the first half hour and turned the course ot of prices down down downward downard ard again Davison and Sumatra Chemical broke broko 3 8 points Sumatra American Tobacco Mar Mar- MarInc Mar Mar-jn Inc Ine preferred Lackawanna railroad And States Stool Steel 1 to H BaldwIn Studebaker and American s Monda Can sold a point below blow rail rail- railroad rail railroad final figures figured Pennsylvania road and Atlantic Coast Cout Line each about a point Foreign exchanges opened lower lowr RAILS U R-U S HALT DECLINE Dev of ot pronounced strength by some of ot the railroad shares specially especiallY h anla Ohio and New York Chicago SI St Louis together T with lower rate rates for tor call and time money halted the active selling movement before noon neon and a num num- her r of ot Isun Issue rallied a point or so ao soon soon on active short hort covering U S SP P came up from 54 11 to sa 63 and DuPont May Department Store Western Union Oil United Fruit and also displayed considerable last lut mentioned climb climb- strength th the he tog Ing in three point to 10 a new hIgh for tor forthe the year Rutland preferred gained three 1 points Wheeling Iv Lake Lake Erie Irie preferred two and anc halt half halfa a dozen other rails advanced one oneto oneto oneto to 1 points Erie Eno common and the second 1 preferred and Rutland preferred touched their highest prIces of the year Call money opened at itt 4 per cent TIES UP VP Special stocks clocks were run up sharply after fter midday but the usual leaders showed but little variation from the prices price pre pres prevail prevailing all all all- ing at lIt noon Houston Housto Oil touched 61 compared with IU Its It early arly low of All of the Market Mark Street a Issues advanced briskly the second preferred gaining fl fise e poInts United Railways Invest Invest- Investment ment preferred and nd rud Martin Parry were wre also substantially higher I I Ilie Th Thi closing was Irregular Pub Pub- Pub lie lie utilities shares were marked up I during the late dealings and Gout Gout- Gen General eral also was waa strong Railway Investment pre pre- pre preferred ferrod advanced 4 points General Electr 3 S and Brooklyn union Gu Gas 2 |
