The Barre daily times. (Barre, Vt.) 1897-1959, 1903-08-07
STOCKS UP
AND DOWN
Wal. street AiaN4 tontilues to Re
te efishs
ONE UNIMP0RTl NTPAILURE
Firm of Consolidated Exchange
Brokers suspends without Eject
on General situatton-HeEvy
supporting Orders,
ONE UNIMPoRTl NTPAILURE

New York, Aug X Sentiment II
Wall street was strung g high ten
sion. and tile opening quotations were
awaited with apprehension. They
showed that protective measures had
been taken to avoid Generalization and
many ~ The prominent leading stocks
were lifted 4 fraction. Atother points
however there were violent breaks
especially II the specialties and some
OF the market leaders were also under
severe pressure such stocks as St.
paul, southern Pacific, Kew York Cen
trial Pennsylvania, southern Railway
Erie ana Illinois Central showed the
effect 81 supporting orders and rose a
fraction. Missouri Pacific and United
states steel opened unchanged, bat
the FORMER reiHpsea & point. Chicago
Northwestern dropped 4 Wheeling and
Lake Erie second preferred 3ta Cent?
mental Tobacco preferred 2, Brooklyn
Transit 11s. Atehison Baltimore and
Ohio and Metropolitan Street railway
over point ana Consolidated Gas.
Manhattan General Electric ana Sugar
about point The dealings id the
Eirst few minutes we're excited and
feverish, but the market showed the
good effect 9f supporting orders.
The failure Of Laidiaw 4 Carrie,
which was announced On the Con
solidated Exchange was not important
enough to have effect On the Stock Tx
chanee
fT5Ne ,5,se14 .vyas 4,sYs4tr,s4a 4fl4f,4t 3lsn5it
the FIRST hour ewing to the occasional
6ufpQnrlng IF speglgl stocks which CAR
ried their prices through previous low
levels for the year But the support
Inc tactics were pursued and the mar
ket became steadier Selling was com
spiepoua ii Missouri Pacific and Bal
timefe and Ohio CARVING them ll4
under tha closing prices Atehison lost
as much ANA Union Pacific declined
M Metropolitan street railway lost
BIZ Continental Tobacco preferred 3H,
Delaware ANA Hudson Hooking Val.
lev preferred. Minneapolis, st Paul
ANA Sault Sta. Marie. Consolidated Gas
Pullman and Republic steel preferred
Ito B points, and a more extended list
a point OH over
An sheets Pass CLEARING Fgpnae,
with tile announcement that all
sheets had passed tie stock Exchange
clearing house tie buying became eef
inifeiy predominant over the selling
ana tie market rose with animation.
Only stocks that lind been notably
weak failed 70 recover Such leaders
as ST Paul. the trunk lines except Bal
tinlore ana Ohio. Southern Pacific, the
Wabashs aud tie Southern groun Il
railroads, United states fteel Allai-
gamated Sugar. General Electric and d
miscellaneous list rose above closing
prices. Wabash preferred. ST Louis
Southwestern preferred and Kansas
and Texas preferred rose point and
Tennessee Coal ~ There was i break
Of 8ta III SO Louis ana san Francisco
second preferred AMI of 2Ia III Mime
apolis, st Paul and saalt Ste Marie
preferred ON tile rally the demand
diminished To small proportions Atcbi-
son them sold OF III Reading 18s, and
the Whole list yielded again easily
Bonds were Weag
Persistent funors Of liquidation by a
s'big house were circulated during the
noon hour and prices dropped once
more. some If them 10 il lower level
than before
Stocks fhat suffered most in this at-
tack included ST Paul, Reading Atchi-
son preferred. Erie New York Central,
Pennsylvania, Union Pacific and Unit
ca States Steel
Shrewd traders On tho floor expressed
the belief that much Of the liquidation
was of . new character the source of
which they were unable 70 trace, 1t
was this fact that excited considerable
apprehension
The market turned very strong IN The
afternoon aud the buying became as
animated IT. the selling had been in
the morning The earlier losses Of /
10 2 points were generally transformed
into net gains Of / To over points.
New York Central ST Paul Missouri
Pacific. Southern Pacific, Wabash pre-
ferfed and AmaIgamated Sugar were
conspicuous features of tile rally. and
these stocks rose from ? to 2ai over
wednesday nights level The absence
Of ans failures and the cessation ri The
selling ont % collateral IN loans
prompted the large short interest q
cover There was occasional selling to
realize On file rally but It was without
notable effect on prices