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Show SHORTS CAUSE LARGE UPTURNS ' More Peaceliko Events In Near-East Bases of Rapid Advance. Hl NEW YORK. Oct. C. The rapid BBBB advance In prides In today's stork IL market was the direct result of tho ' more peaceful development In the Near EM. Short covering by gpSCU-' gpSCU-' latora who hnd sold freely lat wool i on th possibility of wnr oi further eerlnus developments In tbr- N'enr East I 1 furnished tho Impetus for the n-.e , ' which carried a number of acth -e Is- I Hues from one to flvo points above X Saturday's levels Sales, which wen noon restricted because OT the It holiday, amounted to approximately :f 600. oon shares. BBB Near East Indicating brighter pros- BBB ports for peace brought a flood of BBS i buying order Into the stock markf. Hi at today's opening, gains of l to 3 Hj points bring numerous among oil 1h- H3 sues. Stools, oils, equipments and H merchandising shores lei the advance Hi with more moderate gains hlng re- B corded by the railr. and copper? Ex- BBS ; tensive short Covorlng accelerated lhe I advance. Mexican Petroleum was pushed up S points wlih gains of 1 Vi , to 2 U being recorded by Standard Oils of California and New Jersey and Pan-American. The ...Iv.-inoo Is Steele) BBS was led by Crucible and nlf Slates," BBfl I onrh of which Mounted two points BBB while gains of to 1 $t took place In BBS., U. S. Steel common Republic. BSth- BBB lehem B" nml Mldvale Baldwin and HKB , Amerlcon Locomotives each Improved BBfl more thnn 2 points, as did May De- BBfi partment stores. United Retail stun -. BBS Consolidated Oa Btudebaker and BBl American Tobaco. Reading led the- BBS . rail list with a gain of 1 and Utah BBS Mood at the lie id of the copper liatp Bft with a similar advance. Bi The higher prices were not main BBB talned after the first batch of buying BBB ' orders had been executed! The BB mediate requirements of tho short! BBf j having boon met. prices sojrgod t-tenel- BBJ lljr, the recess lone in the popular BBfl shares ranging from I to L'Vs points BBJ There were Indications thai omparg BH tivoly little outside buying had boor, BB. attracted Int.. the market. Bear op BB' orators furnished the principal tOlJT BB of supply on the downgrade, wltt BB wiles well below recent averages. A BB j renewal rate of 4 per cent for call BBl J money also acted as a check on ex- BB tensive buying operation. The Met BB. advanced again around noon In re. BB ' sponse to a brisk rally in Consolidated Gas. which was pushed up more than Ha three points, nnd an active Imitilrv f. . r BB equipments, which extended their ear- j""- ')' gains BB j Finding a small floating supply of BB , Nt'ick on the market at current prices BB i speculators scrambled to cover In the j afternoon causing another sharp up- t turn on a largely Increased volui is J of business. High priced rails were heavily bought and there was a con- BB ' tinned demand for Mexican Petro- BB i leum and the steel shares BB The rinsing was strong. |