Evening star., 1903-07-15
FINANCE AND TRADE
Stream Of Liquidating Sales
in Wall Street.
BONDS WEAK AT NOON
SMALL DECLINES IN SOME OF
LEADING TRUNK LINES.
Market Quiet but Unsteady and Efforts
to Hold Market on Rally
Were Futile.
BONDS WEAK AT NOON

NEW YORK. July ia stream Of liaui-
dating sales was executed in the market At
the opening. carrying prices through the
previous low record for most of the pror.li-
nent stocks. Consolidated Gas broke "
and Delaware and Hudson 1a4. and there
were declines Of u to a point in the leading
trunk lines, Pacifics, Southwesterns, ANAL
gamated Copper and United States Steel
stocks. st. Paul opened down Y and i'm
mediately recovered 1t and was supported
at about last nights level. Three thousand
shares Of United States Steel sold at 21A
and 271s, compared with 272 last night.
There were $500 shares Of Atchison sold at
65 and 63A. compared with 639s last night
Supporting orders appeared for the ac
tive stocks after the opening selling orders
were executed. and there were number
of substantial rallies reaching a point in
St. Paul, Pennsylvania, Norfolk and West
ern, Brooklyn Transit. Manhattan and Con-
solidated Gas. Some stocks among the
coalers, trunk lines. Pacifics, st. Paul and
leading specialties made full recoverfes or
rose a fraction over last night. Sugar,
Erie first preferred and Reading first pre-
ferred advanced ~ over yesterdays close.
Large declines were being made mean
while on belated selling orders in less ac-
tive stocks; AtchiSon preferred, Kansas and
Texas preferred, Lake Erie and Western,
General Electric, st. Louis Southwestern
stocks, st. Louis and San Francisco sec
ond preferred, Wheeling and Lake Erie and
Kansas City, Fort Scott and Memphis pre-
ferred. losing 1a to 3. Brooklyn Union Gas.
4. and Buffalo, Rochester and Pittsburg 8
points The st. Louis and San francisco
certificates for Chicago and Eastern 1li-
nois stocks sold at 10 and down to 100:
The market was quieter at IL o'clock, but
somewhat unsteady.
A renewed fall in Pennsylvania. New
York Central and st. Paul to low record
prices unsettled the market and caused re-
newed weakness. These stocks sold at
11S1a. 1124s and 1895. respectively. Other
active stocks fell back to a lower level In
active stocks showed wide declines. West
inghouse Electric slumped 20 General Elec-
trio ~ Brooklyn Union Gas or. Pullman
and Delaware and Hudson 3, ST. Paul pre-
ferred and Cleveland G. G. and st. Louis
2A and Lackawanna and Hooking Valley
21a.
The st. Louis and San Francisco certif-
Gates for Chicago and Eastern Illinois con-
tnued to be sold down to 1511a The Chi
cago and Eastern Illinois stocks sold last
November at 2O6 The market rallied be-
fore noon, New York Central. st. Paul.
Missouri Pacific, Delaware and Hudson and
Canadian Pacific recovering from l to 11a,
and General Electric 3 Bonds were weak
at noon.
Stocks came out in more abundant sup
ply after midday and the pressure was
more widely distributed. Practically all of
the recognized leaders sold below their
morning low records with the pressure
most marked in st. Paul. AtchiSon, the Pa
cifics, the Pennsylvania group and the
United States Steel stocks. The Chicago
and Eastern Illinois certificates rallied S1,
Pullman and the whole market was bet
ter.
Efforts to hold the market on the rally
proved futile The coalers. which had
shown effective resistance up to this city,
dropped off rapidly, and the entire list
showed a demoralized tone. Prices crum-
bled away rapidly in all directions. with
the Pacfics notably affected. and the pessi-
mistic feeling was increased by the wide
inroads in investment stocks. General Elec
trio broke 11a to 161. Long Island, SA. and
New York. Chicago and ST. Louis first pre-
ferred, Great Western preferred A, Ma
tiOnal Enameling preferred and Virginia.
Carolina Chemical stocks to B. There was
feverish rally again toward the end of tho
hour.