Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-01-10
BEARS WERE AGGRESSIVE,
Ilmidlly 81 Holders Of Long Stocks Helped
Them 10 Deprss Values
successfully Lower Levels Broush
Increased Amounts Of stock, stop
Loss orders Being Closed out

New York, Jan lO.-The market
showed many points Of strength at the
opening but there were 40 sensational
advances Texas 4 Pacific. Delaware
& Hudson, Western Union and Man
haitian rose IA each and Union Pacific,
Southern Pacific and Peoples Gas
about a point But a violent break Of
4 points in ST. Paul unsettled the list.
Pennsylvania and Rubber preferred
Were on points. and Missouri Pacific
and Northern Pacific about a point
each. The tone OF the market became
highly irregular under these conflicting
influences but there was no great ex-
element In trading The bears MADE
general demonstration against the
market and forced many prominent
stocks down a point or more Erie sec
ond preferred fell ~ and no effective
resistance was encountered anywhere
for time Sugar was then rushed up
10 1874 and Peoples Gas and Erie hrst
preferred received support The mar
ket, while sympathizlng Win these raj
lies. did not hold well, renewed oher-
ings appearing at the rlse. Just be-
fore II o'clock Missouri Pacihc Was
lifted to ST.
The bears were more aggressive In
the second hour and were helped IN Qe-
pressing values by the timldity OF hold-
efs OF long stock. successfully lower
levels brought increased amounts u
stock, stop-loss orders being closed cut
Declines Of points were common and
the extreme was 81 in 81, PAU. Rub'
Der preferred was of 4. Delaware
Hudson points. Missouri Pacific broke
below 50 and then rallied again ~,
81 Paul gained ~, with a steadyipB
effect on the market
The movement OF prices was waver-
ing and uncertain within narrow limits
during the final hour. The closing gen.
orally was rather dull and sluggish.
Bonds were Irregular and quiet
CLOSING STOCKS.
New York, Jan. l9-Closing stocks
Atchison. ASK Atchison preferred. s6A;
a. $. e. W., 40. a. s. & w. preferred
S7ib: American Tobacco ilia; Amerl-
can lin Plate. 500: American Tin
Plate preferred. 90, American Steel
Hoop. 30: American Steel Hoop pre-
ferred. rs A. s. r.. 81, a. s. X, pre-
ferred. 9G%. b. II, r., S3A 3. & o., SOlt;
b. g. o. preferred. 81; {. =. a. O.. ll4Ai
g. G. G.. 1854: c. +. l.. SIS; G. @. w,
l6N G s.. j7A. Con Tob.. 4sA c. 4 o.,
39k: 6. & A., i0A; c. & A. preferred,
74lk. d. g. II. c.. 3l%; d. & H., l45h;
General Electric, 1870; Federal Steel
55H. Federal Steel preferred, IS; Glu-
cOse Sugar. ~; /, c.. 1871 c. 1874;
l.. Il ~. 81 Leather. 1871 Leather pre-
ferred. 1913 NJ. X. & r., preferred. IN;
Manhattan. ll6A Metropolitan Street
Railway company 1917; Missouri Pa
cihc s2is; Northern Pacific, s3&; North-
ern Pacific preferred. SjRi New York
Central. l44A Pennsylvania, li9; Paacl-
hc Mail. 42h Peoples Gas, 1914; Read
ing. (common). 1924 Reading first pre-
ferred y. Rock Island, l2jis' Rubber,
49,: S. p. i2h: St Paul, 1924; Sugar.
1875. T. c. d l.. 57iz; Union Pacific,
S3h; Union Pacific preferred S3A
Western Union, S7h.
MONEY AND BONDS.
Money on call easier, at 3ia per cent.
Prime mercantile paper 4hq5 per cent
Sterling exchange firm with actual
business In bankers bills at fSlGAS7h
for demand and at 4S3hd4S3h for
sixty days. Posted rates 4s3i3d4a
and 4S7h, Commercial bills 4S2hQ
4.S2A.
, silver certifloates-64hq65is
bar silFer-6SA.
Mexican dollars-49N.
Government bonds steady; refundlng
p registered 1851 % coupon 1861; So
registered 1921 IS coupon 10. new 4s
registered 1874 news Is coupon 1871
old As registered ia old Is coupon III;
IS registered ~; 5s coupon III.
SUGAR.
Sugar-RRw, firm. Refined firm