Show STOCK MARKETS new york juno june 22 the selling pres pressure surg wh which ich was so evI evident dentIn in yesterdays ter days stock market was carried over into early dealings and kept the tone of the market unsettled and weak tor for a time during the course of the morning mornin gr the liquidation spent mo moat t of oe its force the professional bears who followed the market actively all day yesterday began to perceive that their operations were running ahead of the current of the market when they began to bid for sto stocks eks to cover their short contracts it developed that supply offering for sale was much diminished from the large volume of yesterday the recovery in prices price ensued that the demand pa on the recovery extended beyond the limits of the short interest did not appear the action of the market on the rally was hesitating and uncertain and there was a marked falling oft off in the activity of the dealings as prices recovered to last nights level and above the rumors of wednesday of an ail intended early declaration of southern Paci with a moro more liberal policy indicated by the B 0 varied today by reports of unintended an intended offer of authorized zed preferred stock of the southern Paci pacific fir to the common stockholders at subscription prices would provo prove of value as rights no official information was forthcoming as to the reliability of these reports re ports the hill railroad stocks responded sharply and united states steel recovered part of yesterdays heavy declines the time money market continued very firm in tone with an active demand for loans loana for seven and six months bonds were heavy total sales par value united states bonds are arc all unchanged on call |