Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-09-20
TENDENCY WAS UPWARDS.
But Lasted Only Short Time, and The Break
Was Worse than Ever


opening were much mixed and were BOO
many cases less than half brooklyn
] transit on sales OF less than 900 shares
sold from ~ back Co 90. which was lHat
! nights close. support was evident iu
/ tho Flower group. Peoples gus, Rock
Island aud Federal stool ullying from
the opening figures. and brooklyn tram
ait rising quickly ugnln 90 AH Llcil-
wanna rose points ana Tennessee coal
lost n point but recovered &c. The
tendency was upwards nftUf the upun-
Ink. Values Improved rapidly, Amurls
can tobacco. LuCklwnnnh. sugar.
Tennessee coal. tho local issues Flower
group, and rturEura leading. ADVANCE
from the low point ranged from ! 90 3't
90 these and q large fraction elsewhere.
Weakness IN pitiHburs e. e., nui &c.
IuuIH forced ID down % ana Hooking
Valley common and preferred lost a
point The Flower urnup was attacked
shortly before ~ and Brooklyn Transit
foll from t2A 90 iA. breaking the proNl-
oua low record. GliuH were entirely
wiped out throughout the llHt, nui
pricpH fpl below the early low point lu
few minutes III tradlug, The break
ln prices was 4 CO. 9 points. Further
progress o. a lower Lowell was made,
some stocks rullnr materially below
last nieht Brooklyn transit touched
15i, aud rallied f.yHH.Hhly symppihet1
o. rUcuvUfiUr occurred elH"W nero. hit
hrs. pressure lu tur.uu stocks unH o.
tiot thu general l.Ht steady drih1Nrs
OF thH Flower stocks put Peoples EaI
10 iUGH brooklyn Transit was thUu
hammered theoretically and dropped 10
fiil ON uu avalanche 90 offerings 80
support was evident iu American tuhnr-
eco and sugar. which tuWhlci iult
points from a.. highest U, :. mllllu.
pfl sold at 90 against 20 the last sll6, /
and common was offered down about l
10 points without any sales. sales TO |
noon. iiGal shares.
A covering movement by tho bears /
lifted the whole market iu the fluul I
hour, brooklyn truuHlt got back Co NJ /
and rrCbyorios in number 81 upnolul- |
tics reached between ! and points. a |
few railroads rallied. Net luHs|s In tho /
railroads were reduced In fractions ana |
iu the npyClnlties ala not exceed I
points brooklyn transit ruae 10 slA /
in the final transactions and made the /
closing firm but rather quiet
DAY OF EXCITEMENT.
New York. Sept 2o-Therc was an
other day of excitement on the stock ]
exchange today The opening dealings |
gave an appearance uf tranquility uf- ]
ter the recent teNyflHh ncuFllN, nnd " /
looked ua though the pvrlud of dizziness 1
which always succeeds u speculative |
fururv had come. Some uf the hlE |
Interests in Individual Stoke were ON |
hand with supporting orders ana they |
soon began 90 bid up prices with
view Co retrieving some uf the recent |
heavy declines Ia values Tho bears |
stood By lu idlcncHs ana even gave some |
90 the bulls hy cover |
inF few short contracts. liut when |
prices had been advanced from % /
3 points for the volatile iuduHtrluls aud /
.H.HH liz. nd
stocks, the bears 1ourvd tho market |
uEuiu with selling orders ana wiped l
out the gains completely in TOW min |
utpH. Then came u pause ne about last ]
nights level Co prices. The aggressive /
mess had evidently been taken un the I
made tho hgnrH bold They made "a /
norCp attack on the Flower group OF |
Hprulnltiua and carried prices with |
rush below the low level reached uu /
Monday The decline brought out very |
large auprluEa from discouraged hold ]
crs who had hoped the IAN in pricvH /
had com, 90 an end Tho extreme drop /
boo brooklyn Transit was ~, IN sugar /
Peoples mH. tobacco, Metropolitan ana /
Tennessee coal 10 reached four points /
or upwards ln many Othvr stocks de- |
glIuyH ranged from I Co 4 points. the /
railroads being uotcolhly less nnnot1d /
thuu the lndustrulH.
The violence M the decline induced |
the bears tu cover up their short cone /
tracts and many traders ON the short |
side took out handsome profits within /
10 or o. minutes. Prices rUhuuuHvl !
2 10 4 points in the most active stocks
after the raid ana then the market bee
came very dull
Fractional changes either way were
made lu tho i-HpouulHuvo bond Use
sues. with the tendency lower
SUGAR.