The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-07-11
New York Stocks.

New York, July 1-Wau Street.-The
Continued in force at the opening this
morning and heavy blocks of prominent
The opening sales of -Atchison and United
Southern Pacific 500 shares Losses were
about a point in Atchison. Southern Pa
cific, Missouri Pacific, Louisville and On
tario & Western. American Smelling de-
clined IA points. There was evidence OF
support in Union Pacific, which opened
down a quarter and Immediately rallied
IS points. and prices were inclined to
harden elsewhere after the opening.
Prices of stocks broke badly again to-
day. The stocks of railroads depended on
the corn traffic for earnings were demor-
allied on the conditions Of the crop. The
pathy, other stocks apparently being sold
in large blocks to protect holdings of the
made to support the market by buying
Union Pacific, St Paul and Missouri Pa
pretty general rally after the opening.
Missouri Pacific rising 15s points. over last
by wide intervals under q flood of offer
ings which came in blocks of many thou
were touched which made losses from
last night for Rock Island of ~, AtchisOu
Central preferred, Anal gamated Copper
and Tennessee Coal each and a long list
points. There were occasionaI feverish
"a HES, but prices went off again contin-
ually. The decline II prices was afe sa'
Be etween the ' TWO groups Of imam
ciers which recently contested for
The grave consequences that attended the
previous trouble were remembered ana
these rumors, although backed by no
word of authority. received credence in
many quarters and affected the market.
been any rupture of the so-caled North
ern Pacific agreement was given to the
Associated Press by q man who was indi-
rectly party to it. He said:
1.-The agreement as to Northern Pacific
stands precisely where it did the day it
made. 1t has been SIflCTiN aQnereQ
to and will be- There is no friction over
it and there viii be none
The usual covering movement by shorts
caused rebounds of points in Atehis.09n
ranged between / and 2 points. The mar
United States Steel, New York Central
Erie b. e o. Chesapeake & Ohio and
Southern Railway touched lower prices
than before There were losses Of to
points in Lacka wanna. Delaware & Hud-
Eastern illinois The market rallied
were dull and irregular.
While a few stocks got above yester-
DAYS close numerous others broke bad
Tqalis aatf ,s HI brol2e badlv later
on heavy liquidation in Western & Pa
cific stocks. Losses ran from to points
in most active stocks and speculation was
The liquidation had spent it's greatest
force during the first hour ana there was
some violent rebounds when the bears be-
gan to bid for stocks to cover their short
Contracts. Atchison and Rock Island re
stocks between / and points. This rally
did not hold and the market weakened
again. some stocks going lower than be-
fore The selling pressure was manifest
" less urgent than in the early dealings
and the market rallied rather quickly and
then became quiet and comparatively
sluggish.
fnes. but concessions were speedily made
uu and the general tone was much inn
Droved Prices Of some stocks went
higher than on the previous rally Brook
lyn Rapid Transit rose IL points over last