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Show SHORT COVERING HARDENS PRICES iradmcj on Wall Street Becomes Be-comes Dull and Hesitant at Midday VKW YORK. Jan 28. Stocks wen favorably fa-vorably Influenced this morning by the larce subeertpMon to the Pennsylvania railroad s $60.e00.000 bond offering Steels and oils were strong, together wiit equip'-menta, equip'-menta, sbippinga :m.i coppers CrncibVs and l.urkawanna SierU made earL gains of 1 olnt each and Mexican and Pati-Ainerlcan Pati-Ainerlcan Petroleums. American Linseed and Cnlted Fruit advanced large fra-ilon fra-ilon to W point. lills were featured bj Hea.tin. NVw Haven and New Orleans.-Texas & Mexico. Foreign exchange was Irregular, th, Prltlsh ri". falling moderately from yesterday's high quotations. quota-tions. . Covering of shoeta in shippings, oils, steels, coppers ami motor speclaftlea ao-OOUPted ao-OOUPted for thi; further rise of the first hour. TobacoOS, textiles and leathers olso hardened nrobabb for the Km reason and standard rails were moderately higher, Miidi of the advance was fnr-f fnr-f el ted i efprje noon. However, Mexican Fe-iroh-iim and General Asnhall declining to or below MHierdayw final nriceS The market became bill on the reaction, shorts hesitating to press their advantage. advan-tage. Call money opened and renewed Inm next week at ffven pe rcent. but offering of-fering were es liberal t7:an re.-entlv. Trading came almost to a standatill during the mld-SSSStOn, the market holding hold-ing half waj betweeti high and low quota-lions quota-lions of the morning. The only striking exceptions were Industrial Alcohol and American Linseed, which showed gains of :; to 4 points on very moderate dealings The Hat registered further imnrovenient In the last hour under ibe Influence ot r;iis an.i equinments, also life low priced Oils. The closing was firm. Summarized, aside frr.m the opeiati, ns of bull pools In selected issues, today stock market was dull and almOMt featureless Sales approximated 475.000 si-ares. CHICAGO GRAIN CHH AGO. Jan. 2o. Wheal prices turn-e1 turn-e1 today largely on opposing Interpretations Interpreta-tions of th,- government report as t" supplies on hand tn the Cnlted State. At first bearish phases of the report were given the most attention, but later the bullish aspects obtained the greater hare of notice. The bulls contended thai very scanty supplies were Indicated f,,r the remainder of the season Opening '.notations, which varied from unchanged figures to C- lowen with March 11 6J to 1.61 and May II 02 to !.64Vwere followed by a sharp general advance and then something of a reaction. Corn advanced with wheat. After opening unchanged to '4c higher, Mav 67 to 67',,-. tl.e market sagged a little, but then hardened nil around. Oats were governed by the action of other cereals, starting Ve off to a like advance. May 42 to 12iic and later scoring mrvderate gains. Provisions reflected firmness In the hog market. The wheat market eased later owing more or less to belief that tho government report failed to take account of farm stocks held for feed and seed The close was unsettled, lVi .to .I';, net advance, with March $1 654 to 1.6546 and May 81.6814 to l 584. A fresh sag in corn took place later when wheat became easier. The close was nervous c net lower to Vc advance ad-vance with May 66 to C67ic. CASH PRICES. CHICAGO, -'an 28. Wheat No. 1 hard tl.74.Ql 75; No 2 hard 51.7.T Corn No. 2 mixed 61 '4 Wei r. No. yellow 65tic. Oats No. 2 white 41-ir?41c; .. 3 white 40 IOMiC Rye No. 2 1.56V431.57. Barley 67473c. Timothy seed 84.50 08.26. Clover seed $lo.00fj.'22.00. Pork nominal. Iird 113.00. Ribs 11, 7512. 50. |