Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-05-04
RAILROADS WERE DOWN.
Nervous Excitement Over Declines Was Reflect
ed In London Market
Leading stocks showed Very Marked
misunderstanding Active and Quiet
at Top Level for Day

nervous sentiment caused By yester-
days sharp break in prices here was re-
Elected in some wide declines for Amer
leans in the London market this morn
ing. AT o'clock Qlondon time) Hi
nols Central showed a loss OF as there,
Union Pacific, Atchlson, Denver and
Rio Grande, Reading, Baltimore y OHIO
and New York Central from to "a,
and other leading internationals from
TO points ST. Paul alone showed any
evidence Of support. The selling In Lon
don was attributed to cabled orders
from New York. and the opening here
was feyerish and excited In response,
Some violent declines were shown, but
81. Paul and Missouri Pacific were
strongly supported, the former running
up ~ and the latter two points. Atchi-
son, Union Pacific and Baltimore &Ohio
showed the most acute weakness. -Four
thousand shares of Atchison sold at
S0s to Slh, compared with S2s last
night ard 5000 Union Pacific sold at
l20h to llSls, compared with l22A last
night Baltimore & Ohio declined 2&
Among other notable losses were Cen
rfal I'll ctric, 2% points, Metropolitan
street Railway, 2is, and Chicago Ter
minal Transfer preferred 3lg. Losses Of
| to points We're general throughout
the list but the internatlonals general
" were not down to the London partly
Union Pacific met support at The open
ing dip and rallied In a lew minutes
to l2l1s The dealings we've very heavy
ami the movement e prices continued
very ipogular ono the market excited
at'rr the opening. There vas an alb
fupt r@lly on buying by the shorts aud
ly supporting orders. Prices rose tApii'
H., causing the cancellation CT the
opening losses in many stocks, partlcu-
larly the Atchlsons, New York Central,
Manhattan, Brooklyn Transit, North.
ern Pacific and the United States Steel
Issues. Conspicuous buying of Sugar,
Western Union, Amalgamated Copper
ana the Tobaccos lifted them a point
ONEA gNsAtiNdg o Nibnts anu NUN AeiuhA
jumped to LEA, when ST. Paul was lift
ed to / 80. Southwestern stocks were
better In sympathy with Missouri Pa
cific's Improvement Of 2A Large
amounts Of stock we're unloaded again
before II o'clock and the market yield
ed again. ST. Paul was most affected,
LOSING 2h. Union Pacific fell back to
l.19, Atchson and Rock Island 2A and
some other stocks in the nelghborhood
OF point. Northwestern dropped four
points,
ST. Paul led fresh rally with rise
70 1925 and Union Pacific rose 10 1.2l%.
Atchlson got back to within a shade OF
last night and there were recoverles at
a number of the Weak points of ~ to
2A points. The weak bank return
drove St Paul and Atchis1n down 2is
and IA respectively, but they We're
supported again. The undertone con-
| tnued feverish buti the fluctuations in
| the general list were not wide. North
western fell points in all and rallied 3
| and the preferred lost 6& from the last
| sale. Adams Express sold liz higher
| than the last sale and I.ackawanna rose
| g. Very heavy buying OF st. Paul car
| rled Il UP TO | So and the United states
| Steel stocks rose vigorously over last
night. The market hardened I'm SYM
| patty and gained increasing strength In
| the closing dealings. The closing was
| active and quite buoyant at the top
level of the day.
CLOSING STOCKS.
Atchison. S27s do. pfd, 1859; Amer
lean Tobacco, 2Slk; b. r, H., S3ls; b.
& o., l.O9; do pfd., 92M; c. b. & O..
| 1.9S: c. f. e. l.. 1.0l7s: c. c. w. 237s;
Con. Tob 49% C. & o., 49la; c. & A.,
45ib; do. pfd.. SO; n. Y. Central 66ss
Amalgamated Copper, l.2i7s, Pennsyl.
vania, l.5f%; Reading (commonl, 4Sh
do. first pfd. 777s do, second pfd.. 5jls;
Sugar, l.472s L. p, l.22A; do pfd.. SO,
ID. e II. G., 5lia: D, & H.. In; Elec.
trio, 2.27&; L. s. Steel, $685. do pfd.,
100: Illinois Central, LA; l.. & N,
! OH NJ X. & T. pfd.. CAS- Manhat.
tan, ,26ia; Metropolitan, l.6iA Mis-
souri, Pacific, l.l2l3; Northern Pacific,
1.l5; do, pfd.. co. Chicago Terminal
22ts; do, pfd 49, Peoples Gas, l15hi
Southern Pacific 537s; st. Paul, lSiA
Rock Island, Ga r. C. & l., 63l2 (; w
T., 81; a. $. r., SO; do pfd., s5$.,
MONEY AND BONDS,
Money on call firm at per cent
Prime mercantile paper 3Qih per cent
Sterling exchange nominal with ac-
tual business IN bankers bills, at i.S9
for demand and at 4.S4mh. for sixty
days. Posted rates 4.s5k@isG and 4S9;
commercial bills i.Al2
silver certificates nominally-60c.
Bar silyer-597s.
Mexican dollars-4Sls
State bonds weak: railroad bonds IT.
regular, Government bonds firmer;
refunding 2s registered and coupon 1906
3s registered and coupon l09h new Is
registered and coupon 1851 old Is reg
lstered and coupon ll3ls; IS registered
| and coupon l09la,
WEEKLY BANK STATEMENT.