Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-10-19
BULL OPERATORS
DISCOURAGED.
Market Was Flooded With Liqui-
dating Sales From All
Quarters
PRICES YIELDED EVERYWHERE.
Nothing Showed Strength aud the
Bears Had Everything Their
Own Way,

New York oct l9-The London market
today was depressed by renewed appre-
hension over the far eastern outlook and
the financial situation. Opening prices in
the stock market there fell back sharply
In response and there were large blocks
Of many leading stocks thrown upon the
market Declines Of TO l% were recorded
by Pennsylvania New York Central, Bal
timore * Ohio, Southern Pacific, Rock
Island, Canadian Pacific, Union Pacific,
Atchison, Amalgamated, United states
Steel preferred, American Car and Ten
nuessee Coal.
Confirmation Of the rumored embarrass-
ment OF the Maryland Trust company Of
Baltimore led to Hood Of llquidating
sales from all quarters, under which
prices yielded further dozen or more
stocks sold 2 points below Saturday s
close, including Amalgamated copper,
American Car preferred, Smelling pre-
ferred, Republic Steel preferrl LOcom0-
NV preferred Tennessee Coal sugar, Penn
sylvania, Canadian Pacific, Union Pacih p,
SOuthrn Railway preferred ana Missouri
Pacific Selling of Baltimore 4 Ohio and
United States steel was particularly hea-
Wy and they fell 2 points. The market
showed no strength at any other point
and the readiness with which stocks gave
way under the attack discouraged the
bull operators. Pressure sackened for a
time but the rally was so spritless that
bear selling was renewed against II. Inc
selling was less in the second hour, but
only slight rallies in prices resulted.
American Car with a recovery Of a
point led the upward reaction. Rock
Island fell 2 Delaware q HUDSON pa 81.
Louis Southwestern preferrd ~ and
southern Railway. preferred ;. There was
an isolated rise of points IN Railway steel
Spring preferred. | nited States Steel sec
ond IS declined IA. Otherwise bonds were
little affected up to noon by the weakness
in stocks,
A few stocks rallied in the neighborhool
Of point notably Sugar and United
States Steel preferred otherwise prices
were not essentially changed from the
| noon level and business was very dull.
General Electric lost B. Selling was re-
sumed with yigor again when the an
nouncomont Of another trust company
suspension was madc-that OF the Union
Trust company OF Baltimore, Leading
stocks sold lower than I'm the morning
break ana there was particular pressure
against the southern stocks Union Pacl-
tic and Baltimore q Ohio sold at 69s2 and
| i2es respectively and AtChson 81. Paul,
Southern Pacific. New York Central
Reading. Illinois Central Kansas city q
! Texas preferred and Brooklyn Transit
were added to the list VI stocks which
showed losses or points or more steer
/ preferred dropped ga and Amalgamated
2is. At . clock the market was still on
/ the down grade. Westinghouse Electric
/ zen points.
& The failure Of the Maryland Trust con-
/ pany of Baltimore caused weak stock
/ market today. Liquidation was general
( but the decline I'm Baltimore and Southern
I Railway preferred was attributed directly
/ to selling induced By the failure These
stocks, ntcd States Steel preferred AMI
I Amalgamated copper Were notably weak,
/ but losses of ~ to over points were
/ quite general during the nrst hour The
industrIals were conspicuous IN the de-
! cline also, Selling by reign houses ow-
ing 10 the renewed uncasiness over the
Z far eastern siluaton and the iinanciel COM
/ dItiuns IN London aggravated the weak
ness.