Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-06-09
MARKET WAS
LIFTED UP.
At Opening Heavy Selling Orders
Appeared,
THE PACIFlCS FORCED DOWN
Then There Was Rally and Many
stocks Made Reeoyeries 10 Above
Last Nights Close,

New York, June 9--Heayy selling or
ders appeared in the stock market at the
outset and carried down the principal
Paciics, coolers southwesterns ana spe-
cialtios. from y 20 ! point Baltimore y
Ohio lost "a southern Railway rs and
Kansas ~ Texas lA. Dealings were ON
large scale through the list and some
small gains In a few specialtieg were the
only exceptions TO the weakness, The
heavy accumulation Of 81, Paul, which
carried II TO 1904, induced active bidding
for stocks az other points and the entire
market rallied sharply Union Pacific
and Southern railway recovered a point
from the lowest ana Manhattan and lo-
connective preferred sold a point over last
night Weakness In Amalgamated Cop
per Peoples Gas Reading and the Fries,
which lowered them 10 lA, arrested the
Improvement In the market and prices
declined again. Baltimore a Ohio came
back to 50 and Pennsylvania went below
l2] but railroad stocks otherwise held a
shade above their opening prices There
was quite a vigorous rally during the see
ond hour which lifted the market gene
orally above last night, with some large
transactions on the advances. ST. Paul
got Is over yesterday, Northwestern 2la,
Delaware a Hudson IA and Tennessee
Coal, Missouri Pacific, Sugar and Consoli.
dated Gas about a point, A number OF
the minor STOCKS scored LOSSES OF 1 10
and North American fell 3ia.
Bonds were heavy at noon
There was no dlminutlOn In the buying
movement and prices advanced consider
ably further IN spots Missouri Pacific
rose TO l02N Atchls0n preferred, Union
Pacific, Wabash preferred, Canadian Pa
cinc. New York Central, Pennsylvania
and Brooklyn Transit were lllh better
Colorado Fuel Sloss-Sheneld Steel and
Delaware a Hudson gained and Metro
politan Securities rs Purchases then
sackencd
The Smelling stocks and Western Union
advanced a point but the movement up
ward In the standard stocks turned.
Trading became unusually dun ana there
was a general shading Of prices reaching
a point or over III 81. Paul Reading.
Atchlson Union Pacific, Missouri Pacific
and Wabash preferred and considerable
fraction elsewhere
Enormous liQu latlon in Baltimore d
Ohio ana Norfolk a. Western broke the
whole market and carried II rapidly
back Ia the lowest Baltimore s. Ohios
extreme decline being aM, Erie 2M. and
Reading "a The stocks which had been
strongest lost their gains and yielded
with the general market Missouri Pa
cht fell a point under yesterday Kansas
city Southern stocks and other minor
stocks fell from iil 20 "a. Atchison Union
Pacific. Missouri Pacific and southern
Pacific declined to the low point on the
movement Atchlson touching ~, Union
Pacific &is and United States Steel pre-
ferred 59A, The market closed turously
active and l-demoralzed
Prime mercantile paper sal per cent,
Sterling exchange steady with actual
business In bankers bills at 4,Sl.l5 for
demand and at Az Nr 60 DAYS.
Posted rates, 1851 and i.SSls.
Commercial bills 4.AM.
Bar silver i2&,
Mexican dollars a.
Bonds-Goyemmonts strong; railroads
weak