Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-15
FINANCE AND TRADE
Irregular Stock Market at
New York.
OPENING WAS WEAK
LOSSES OF ONE TO THREE
POINTS.
Rally Later and Some Gains in Sew
eral Of the Active

NEW YORK. May 15.-The stock market
opened Irregular.
Amalgamated Copper. 641t: Atchison.
1SA; Baltimore and Ohio. 91h: Brook
Ign Transit. S5H: Canadian Pacific. i31h:
Erie, "a; Louisville. III; Manhattan. 141H:
Missouri Pacific 111h: New York Central
12Ss: Ontario and Western, 2s%; Pennsyl-
vania, 12S%; Reading. 52k: Rock Island.
42b; Sugar, 1855: st. Paul 159; Southern Pa
cifc. "a; Southern Railway. 29%: Texas Pa
cilc 347s; Union Pacific sos: United States
Steel preferred, S3h: Wabash preferred,
Ash.
Metropolitan Street Railway was forced
down ia. and Its weakness. together with
heavy selling of other favorites. depressed
the market sharply all around. Important
stocks generally yielded large fractions. bot
the severest losses were in less active prop
critics. New York Central. Canadian Pa
ciflc, Chesapeake and Ohio. Delaware and
Hudson. Erie second preferred. Hooking
Valley and st. Louis and San Francisco
and the second preferred declined Lazy
and a number of others as much. The mar
ket was steadier at II o'clock, but the re-
coveries were slight.
The selling movement became more gen.
eral and Increased In activity All of the
Paciflcs. Reading, Illinois Central, AmaIga-
mated. Colorado Fuel. Tennessee Coal. Con-
soiidated Gas, Peoples Gas and others suf-
fered to the extent of point or more.
Minneapolis st. Paul and Sault Ste Marie
lost 3h; Peoria and Eastern. 3; General
Electric. 2k. and Fort Worth and Denver
City Stamped. ~. The market rallied a
fraction when the selling pressure relaxed.
but became lethargfc. General discourage
ment apparently prompted the selling.
Bonds were heavy at noon.
A total of $1,2J0,000 gold coin has been
withdrawn from the subtreasury for ship
ment to South America tomorrow. This
represents two distinct transactions. Tho
major portion of the gold ordered for
South America will be shipped by an ex-
porting house of this city to pay for mer-
chandise. chiefly hides and wool.
Prices hardened decidedly when no new
offerings were encountered and few stocks
more than recovered their earlier losses.
st. Paul. Metropolitan Street Railway and
Delaware and Hudson led the recovery and
sold point above the lowest Northwest
ern and New Haven declined about two
points each.
The market became fitful and feverish.
Some stocks were pressed for sale anew.
while buying helped others. Only few
of the leaders fell Off to any extent. nota-
bly, st. Paul and Sugar, which ruled
point below yesterdays close. Both stocks
made pretty full recoveries later. and tho
general list showed some disposition to ad-
vance. Consolidated Gas lost nearly three
points.
Prices hardened slowly on the demand to
cover from shorts. st. Paul. Missouri
Pacific and Pennsylvania were lifted n
shade over last nights level. Consolidated
Gas rallied 2h and New Haven 2.
Cleveland c. c. and st. Louis dropped
S3-8 New Haven 2 IA and Colorado and
Southern. the second preferred. Canada
Southern and Pere Marquette 1-2 and
/ ga. The rally was not held. The closing
was heavy and lifeless.