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Show BEARS CHECK UPWARD SWING Many Shares Decline to Below Be-low Closing Marks of Tuesday. H I NEfW YORK, Sept. 13. Taking a.l-vnntagro a.l-vnntagro of an apparently weakened technical position professional bear tradere. aided by extensive realizing sales, succeeded In effectively checking check-ing the bull movement In today's stock market, many shares yielding substantially substan-tially below Tuesday's closing figures. Railroad stocks wero particularly vulnerable. vul-nerable. Sales approximated 1 100,000 shares. The upward swing of prices was resumed re-sumed In today's stock market cquiy-inents. cquiy-inents. low priced oils and specialties leading the advance. New high rec ords for the year wore made In the first few minutes bj Baldwin, Hallwa Steel Spring. American LocomoJJve, Pressed Steel Car, Iron Products, iNa-iional iNa-iional Rlscult and American wnt-r-works six per cent preferred, the gains ranin;; from fractions to three points. Mim r :troiit,- .--.p-.ts u.-re p.irns-fiall p.irns-fiall "A". New York Air Brake and ilurtrnan corporation, each of which were up 2 points or more, and Colorado Colora-do Fuel and Iron, Consolidated Gas, Tobacco Products, Norfolk and Western, West-ern, Studebakcr. Plorce-Ajrrow prc-icrred prc-icrred and Mexican Petroleum, all of which had mounted at least one point over Tuesday night's close. Allied Chemical was the only conspicuously wrak spot, declining a point. Speculative selling of the Erie Issues Is-sues frightened some of the holders of other low priced and Investment rails, resultng in a reactionary trend in several storks of that group Erie common waj down IV and the preferred pre-ferred 24, while St. Paul. Radlng, Atlantic Coas. Llnet and New Haven, dropped one to ono and one-half points.. There was no curtailment, however, o flnvestmnt and speculative buying In the rest of the lltt, cna of 1 to three points bclnr quite numerous. num-erous. The early turnover g;n e promise prom-ise of another day In excess of 1 000,-000 000,-000 shares. Public utilities, oils, equipments, equip-ments, tobaccos and leathers, were most in demand, some of the strong spots including Columbia (las. Davison Davi-son Chemical, Hende. Mnnu Iron Products, Tin. rh an Sumatra Tobacco, To-bacco, New ork Dock common and preferred and Central Leather, preferred, prefer-red, all at gains In excess of two points. Call money opened at 4 per cent. Afternoon dealings were Irregular as a result of traders shifting commitments com-mitments from one group to another Gas. food and shipping Issues were marked up materially while profit taking depressed the steels, equipments, equip-ments, Studebaker, Mexican Petroleum Petrole-um and American Woolen. Recessions ran to a point or more in many cases Jones Brothers Tea gained 4 points Jewell Tea preferred Pacific Gos and Electric. Columbia Gas and Tron Products Pro-ducts three and North America, Twin City Transit, Air Reduction, Fostunt Cereal and Replogle Steel two to two and one-half. Indications that the buying power ha dlargoly spent its. 'C encouraged bear pressure and active profit taking in the final hour which depressed many stocks from ono to four points below their early top figures. A sun-sequent sun-sequent marking up of Atchison, some of the domestic oils and a few specialties special-ties resulted in a confused movement. The closing was Irregular. I NEW YORK BUG R NEW YORK, Sept 13. There was no change In tha local raw sugar market mar-ket early today No solos -were reported. re-ported. Cubans was quoted at b ll-32c, cost and freight, equal to 4.95c for centrifugal. Raw sugar lulures were quiet and operators appeared to be waiting developments de-velopments in the raw and refined markets. Prices at midday were- one to three points nt higher. In refined the demand continues light and prices were unchanged at G 50c for fine granulated Refined futures nominal Sugar futures closed steady; approximate ap-proximate sales lo.SfiO tons. Oct 8.21; Dec. 8 29; March 3.11. May 3 22 |