Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-11-15
WALL STREET FURRY.
Terrific Selling of Stocks and Demon
alization of Market.

alization of Market.
New York Nov. 15-Wall street mac
q terrific Friday and stocks were
thrown upon the market in 5000 share
lots. In some issues prices broke vi
olently and the market presented q
state of Decentralization.
/ Greatest of all in losses and activity
was the common stock of the Chicago
Milwaukee and st. Paul. The issue
came out in almost deluge. Altogether
1.-THE sales were 119,400 shares. AT an
average price of ITO this would rep
resent an exchange of $20,29S,000 in
ownership. The heavy selling came
from Harris, Gates s. Co.'S office, and
this led to further revival of rumors
of private sales.
ST Paul closed at 1761s Thursday
night. Friday, as the certificates were
pushed out, the price dropped to 1862
The close was two points better. But
when it is considered that this stock
sold last September in the bull mar
ket at 1881 there is seen loss of % y.
points. 1t requires large resources 20
stand such break. Much Of the
trouble In one particular quarter is
deemed due to inability to renew ex-
piiiilB tliia iOStES.
OF special interest was the business
in Southern Pacific. Here the sales
were $1,000 shares. This selling pointed
to James r. Keene and what may be
left of his bull pool in that stock In
deed, rumors connected Keene and the
house which trades for him with be-
ing in distress. 1t would be wrong
TO mention these rumors If they were
not OF such daily occurrence as no
longer to excite the degree of inter-
est which they did at one time.
The Rock Island securities, while not
so heavily dealt in, showed quick loss
in price. The common dropped from
ASK to Al, and at the low price Harris
Gates were the sellers. The close was
at 43h. The insiders let the market
take it's course. But in Rock Island
bonds there was heavy buying by a
commission house usually representing
Rock Island interests.
Pennsylvania, and Illinois Central,
and New York Central, all considered
investment shares. went off with the
rest of the market, tho not so violently.
volume. About $500 shares were
tllTQWu over, anu tlG ptlSS IHCllSo "
9Shs Reading was freely sold, Erie
was weak. Missouri Pacific was for sale
in abundance, and the Atchison shares
came out in moderate volume, tho the
break in price was not severe. Norfolk
& Western dropped to 67A. Shortly
after John w. Gates returned from
Europe the shares were advanced to
soy.
Among the industrials, the Amalga-
mated Copper excited a great deal of
interest These are so-called Standard
Oil shares, and those who think that
crowd is working for lower prices
thought they saw in Amalgamated
verification of their idea. But they also
pointed to st. Paul as being heavily
sold by the same people. Amalgamated
Copper is in bad way, and, in view of
the industrial situation, the stock does
we'll enough. 1t may do worse.
Steel shares We're traded in to the ex-
tent of $4,000 common and $4,000 pre-
ferred. Closing prices showed net
loss of ree-quarters for the common
compared with the previous days close,
and a loss of one and a half points for
the preferred. American Sugar Rein
ing and Brooklyn Rapid Transit are the
only active stocks on the list showing
a gain over the previous day, and
these improvements were fractional.