The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-08-05
New 2 ork Stock

Wall Street, New York, Aug. s.
y ali around on heaVy offerings T Mhdh
were conspicuous in the Pacifcs Changers
and Trunk lines. Atehison dropped IA
points, Canadian Pacific l2s points and
Rock Island ~ points. Brooklyn Rapid
Transit lost rs points and New York Cen
Amalgamated sopper, and Consolidated
Gas about a point The Virginia. Carolina
Chemical stocks fell 21z points each and
large blocks of United States Steel offered,
but it lost only Il point and the preferred
after opening unchanged was lifted Is
The opening prices were generally the
lowest, as vigorous supporting orders were
of various stocks. Very large offerings had
to be taken by the supporting orders, but
their absorption relieved the tension of APP
prehension and the selling pressure relaxed.
Very general recoveries had been made by
the leading active stocks within a half
hour of the opening. Before the rally St.
Paul lost rs points, Louisville and u S.
Leather preferred ia points, Southern
Railway preferred "a points. Metropolitan
Street Railway 1st points, Metropolitan Sc
curities points and Virginia Carolina
Chemical points The principal support
was in the United States Steel stocks. lift
Ia points over last night. Rock Island
Der of minor stocks suffered losses of
point or over in the opening break and
Snuff broke 10 points, General Electric and
Wheeling and Lake Erie first preferred Az
points, Colorado and Southern second pre-
ferred 4 points, Continental Tobacco pre-
ferred 25s points and AIinea polls. ST Paul
and Saulte Ste Marie stocks. Rubber Goods
preferred and Realty preferred to 2l5
A break of 21k points in Sugar toward the
end of the hour unsettled the market again
aand prices yielded
The recent declines in stocks in which
they were interested had foreshadowed the
suspension of Sharp & Bryan which was
The rally was checked, but the general
market did not become acutely weak again.
clearing away a cloud over the market as
in the case of recent failures. The tone
continued feverish, however. Virginia.
then fiuctuated irregularly Missouri Pa
cific ran off rs points, Chicago and East
ern Illinois Certificates broke 10 points
points Colorado and Southern first pre-
ferred sss points. Southern Railway pre-
preferred and Metropolitan Street Railway
3 points and st. Paul preferred and Pa
Steel stocks lost their gains
Bonds were heavy at noon
There was spasmodic outburst of liqui-
dalton again and the general level was
carried still lower Consolidated Gas fell
~ points. General Electric 61s points, Mis-
souri, Pacific AZ points. Northwestern and
Southern Railway preferred points. Press
ed Steel Car So points, American Express
81 points sugar De Hite and Ki2 Grsnde
points and Atchison. Union Pacific, Balti-
more and Ohio and Erie and 3 points.
When the selling abated the market hard
| ened a fraction but was going off again at
2 o'clock on light selling
Liquidation broke out again with greater
violence and the market sagged well below
the forenoon low level st. Paul. Missouri
Pacific Atchison Union Pacific. Baltimore
and Ohio. Erie. Southern Railway, Read
| ing Amalgamated Copper and United
States Steel stocks were foremost in the
decline and were unloaded in large blocks
Missouri Pacific slumped 35S points. to go
and overnight losses ran between 1 and 2
points in other prominent stocks. St Paul
i 2
points below the previous low record of
the year. Low prices were made pretty
generally throughout by various members
of the leading groups. Purchases of St.
! Paul. Missouri Pacific. Southern Pacific