The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-04-14
MORGAN AND HILL " n
CONFER TOGETHER
ANumber Of Prominent Financiers Rent
I the M organ Office During the Day. I:
Hill Says They Expect to Win. But \ 3.s
Whether I heyiD % or Not the 3
Two Roads Will Be Unde der Nh b. |iss5 \
/. the Same Control.
{ &. I !. /. \,
tBy Associated \ Press, y

NEW YORK, April "a. .S s hares Of the I
Northern Securities were Sext treme1y weak
on the curb, selling of to sS II. a de-
cline Of s points from last Thursda ay'sS
closing quot otations .d q ring the arly sess-sS
sion.S Much 4 Of the selling came from
Stock Exchange houses and there seemed /
ito Be no support There IS little doubt
that some Of to-day's selling was offf saS 9 \
forced chara ter. II The course Of North
$ern8 Securities was not without It's ef-
feet on the general took market, prices tl
yielding considerably I'll Declines Of 2 to 4
IS points wore common. 7ss5S
Call money was offered at I per cent. t.,,3ss
but the demand was light9s During IL the
noon hour N thern Securities broke to y
81, and then rallied point
$a22 TEII1 MARKET BREAKS. &sR al Hill
aE The break III n Northern Securities Was
followed by increased weakness all (
through the active s took list. "A number
of standard raj Iva " made new low re-
cords for the present B movement, t. Inc clud-ss
ing Pennsylvania and New; x ork D 5Gen ntral.S
The declines il th ese issues wa less ssez8
we're than In a asnurnbers or III Tiers, for ex5s
ample, Atkinson n and Ss$ Bal ltimore and
Ohio, Northwest, y, ST. Paul, D DelaWares and
hudson. Union Pacific and Rock ls laii:isl
all Of which broke t three or more points
4Lackawanna fell 10 il points on very ligh I'll
trading, ST. Louis and San Frame 800 COM
mon. 6 R1-2 !; Rcading,, n lis, and Erie, !, seq
5ond. 1-2. There was a ten point decline II
shares. Southern Pacific sold off to With
in a fraction OF Its recent low record, and
a number Of the minor railroads regis-$t
tered material eclines. III i8S35
Report attributed tho severe break to II
heavy selling by the Yves stern sycl liqu and
"a prominent local operator. VI So far as &
could be learned in the early afternoon..
Brokers were demanding additional mars
gin from customers. Lower prices We're q
reached In the afternoon iii all the active
issues. Trading was large In volume all d
day, and exceeded tha tSof any for weeks. 4
The few stocks that affected inside 8s,lp-
port included sugar, i I3 rooklyn " Rapid
Transit and the United States Steel is
sues. ~ VI VI Ess 55s
n 4ls sTHEL BONDS DOWN. q
Or the curb, however, the new five per
cent bonds OF the steel corporate held 4
off to SO Ia the lowest price yot reached "a,
were invariably succeeded by still lower
prices. Stocks We're offered With tho
greatest freedom. There were some. buy
ing orders, not a few from $ou e OF tow
liquidation was serious, however, n II and
tho heavy, tone was maintained througl, H.
out " tss 5i 81 38l 545 sss
Another drive against was made on IN
the curb just befo tho close, n ortli-2s
crn Securities sold down to e4 on furtherSi
offerings by Stock Exchange brokers, Il and
closed at 81 s-4G95. Steel bonds sold OFF TO 4 4
So, a decline of two per cent, and the &
pre- ferred stock of the international Mer7s25
camille Marine Company changed hands
In fairly large lots Mt 81 1-2, g d line of
5 rs points from last weeks closng
price. Later this same stock was freely
offered at 81 with mo sales. Il. (.
On the Stock Exchange the market was I
feyer!sh and heavy, but closing prices.
were slightly above the lowest. 5