Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-05-09

,,w York. May 9-The great eN-
,, ~" and heavy decline is prac'i-
Pn' an securities. except Northern
s.s,s, which began on the stock ex-
,b.ore yesterday afternoon continued
kday .,,n Aorse
. ,,.. Gaia the balance Of Northern
4 ,e. c,mmon TO be delivered was So
4 sbor. practically all Of which was
4 M doltyered at lJO The largest sim
s., lot was $4,000 shares by large IN
srrat,onal banking house and there are
syorol lots from seven to twelve thou
&nd shares.
Mr. floor Of the exchange at the open
n showed the most excited throng OF
rokers seen in years, and among those
,.sent were many members who are
&rely seen in the trading crowds
5rbe opening was chaotic. The one
1,sire seend to be y sell sell, anything
n ANYBODY who was willing to take
MAJ. and give money for 1t. When
Il appeared that the corner operators
1tre determined to have their pound OF
sh from the people caught In their
everybody felt that he must free
> I(nsef from his load OF stock and
|ani from under lest worse should
ppen. They had hoped that before
Ia opening Of this morning some an
1tuncement might be made that the
tprthem Pacific shorts would escape
ID good terms, but the first sale Of
"a stock dispelled the illusion.
Il THE OPENING.
{From the moment Of the exchanges
pening the trading was furiously ac-.
~ and for the first half hour at least
APPARENTLY without support, although
Northern Pacific rose higher and high
4 on the bidding Of the frightened
Doris, This stock rose rapidly from
" TO l@ and then almost without a
trse the advance kept on until at 1875
Fcock 800 was paid for 500 shares for
Immediate delivery. At the same time
shares for tomorrow's delivery
3tre sold for $780,
~ this time as fast as Northern Pa
fc Went up other stocks were going
P~h The opening declines In New
~ Central Missouri Pacific. Louis
Nv ana Alchison ranged from 2 20 5
ihs and Il seemed for a time as IL
usIs were being given to sell without
Hsaio 10 prices. This wildness was
interrupted until about 1910 when It
ued mat for the moment at least
%,e was disposition TO steadiness.
ns steamships Majestic and ServIa,
XIV arrived from Europe last even
4 Ia naa IN their mails large blocks of
asrh Pacific common for the ac-
~. o. aFbltrage houses, which were
,9Ieu 10 them in the early mail this
G'is. Inc stocks were made ready
instant delivery on the exchange
1 apparently they were not a drop in
s VucHe, Tor the frantic demand for
SOCK was not affected.
TALK OF CONFERENCES.
ps.I interest conferred on reports that
',euVvs We're being held IA match
|gIs C ~ preliminary to permanent
49,. ~ agreement between the rival
lciss " Union Pacific and Northern
% u was generally accented Inv
mi 5ueet mat the Burlington deal
rsnesgy through but that It would be
RsS u VI some basis satisfactory Ia
deeS i'' y, Loeb d Co.-Harriman people
49, Ju, y was said that the Hartman
-,s " was IN a position Ia dictate
"A a. s. gul mat II dld not wish Ia nro.
nIeS SS ~. IN the matter. II was
pocl. -! huhn' Loeb & Co. and their
a anr s. W me deal that they had
90 s',{ desire to Squeeze" the shorts
sen, msH huylng having been sln,nIy
tln0 NM. NoIthern Pacific stock for
d n. pllposes and not as speeula :
"AINlt.
NANclAL WORLD MAGNArEs
! rs most prominent figures in tho
tho o.,o'lu were vitality interested
uo,losv uyvoine N the unprecedented
onl" O =. disclosed by the Hartman
IN ,sr ,or control Of Northern Paclac
.ro ."loiss crowded the Offices NJ u
ST ~ 20. Kuhn. Loeb & Co. Inc
Ike IONA and the National civ
re mss,''y awaiting news. There
,nclai 'aany conferences of various
''auers throughout the morn
,c vas ,,l learned from an authoritative
q bs5 w TO II o'clock no compro-
s,, ,ru oeen agreed upon. but mai
been o" was more hopeful than II
.en tbo ~ arrange conferences be.
led ~ conflicting interests were ~.
stens morning and while no def.
~, nave been taken II seeme cor.
\ n 10y mere win be meeting snd
My derfe,e ,.Ns -Den q Co, who
" NJ t n mat they have a ma.
,o5o,.' we Northern Pacific stock.
atory AZ, ual their policy is a con.
ched c v' and that they have
IL posi,Ior W." s an the strength OF
1rotec, in., and influence In an effort
loan ms instead II crush. The offer
IT'S r svi lhern Pacific stock 10 the
ierdav 49, w.. 70 j. PIP MORGAN & Co.
%. ,osa was renewed by Kuhn I,oeb
.eud IN 5ro "ul 2 readiness indicated
ilnRs. M p'o ln TO the respective
would n iat,er feature OF the OF.
'e&co ~ a. known. force Kuhn.
o, share ADVANCE the greater nun.
a man high In authority