The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-08-09
GOSSIP OF WALL STREET

| inRly depressed SovornI La, vas exceeds
to declare that ther ,r',h V"''S were heard
Monday. The n bsen"o ~ ,'''' ','E away on
support az has bither,n hoo n"rn concerted
when demornlzotIon ,yss ,h,n, '"r,h'omihc
a very unfayorabIe ;,nrossin ,n"''n'n made
ter minutes of trading r,ian,l,, W W" last
s ~ .iv lVo"i on snort contracts induced
49,. "'" 'a''y' p"o even that was not sps.
| '""
| The market 1nneared N h, .,.,-.
with stop loss orders the ,nco,,ori,,, ,oInocd
caused abrupt price declines ont -, '" ", "h'rh
portion to the amounts Of STOOL "i m pro-
Professional operations we're conf,aa T p''H'
| to cunning for stages. In In;nn n r'' S"Y
~. Hno example STOP loss order at 81 was
AL % e. % t NV pric" broke from
rhs 49,. 20 e., ". e'ls" Iu"-shnre transaction
fnur tr,n.ao.;ana 10 10 WI anu on the next
In yorin,a 1t. 80 ue'"neu 70 b5'.
s;niiorl,, ,,r,o,,,ro. 80 e,'p-oiuers vera
hy tha s;,,v,Io ,oi,. H..'i'iai Fesults
nr;oos an ,no 80 ,no ~. w Vn"rlhg down
accounted for ,ha ,r"as 'o's' brokers
Lac a n,,,,h.r 80 80 Nv, vi ." unusually
,nat ovinn 60 ,ha ,,nn .sG .i"e's oy saying
La, ,bsre hos haon .,nnni ~ vi me mar
the mart ~ outs,da tr,dars ~ oto'.''on on
latve nnrchnses in ,h,, po.e'' S~cu'
which a great nonv stocls an uhiah ,"'''
had run out were stopped" at the low nfics
reacned Yesterday. A secret is supposed TO
10 na"eo' STOP oIoers' out professional trad
efs nose way oi ieHsh'n8 NOT only that such
o'ueie eAS'' ou' '"o PRICES at which they
ooo"ine operative
Housman continued yes,.rdo,
United States Steel on what sesr,ea Ae
scale order hut he was thonont aIsa :, oe
distributing selling orders .Jurgeno.n Wv
q conspicuous seller The steel share wa, sas
about the hest summarized of anytb,r,, !, ~
list. Housman also supported ReaIina T.,
which the bull party apnears to he n,ai,,,, ~
determined resistance,
-
The forcing OF Canadian Pacific to a stiff
premium IN the loan crowd checked the
selling somewhat and caused traders to be
chary about pressing their advantages on
tne snort side. owing to the manner In
which the supply OF the stock is controlled
significant. Stock was freely called Tron,
the shorts yesterday. The short interes,
however, evidently is very Determined
There was talk OF a possible corner. but ma.
body seemed to be much scared by il
sin gular speculative situation exists in ,his
stock. and the outcome ia awaited with
-
feature OF the market much commented
upon was that short covering on the break,
notwithstanding the existence Of large specu-
lative accounts open for the decline. was
dilatory In character and of small volume
.hort ~ stnoLs go S,,nSa,, ~ imam imam
ooIlans. or Eri,a, nnrnina - NV L D'ur'
strat;nn haa,,r IN .rhnroda,r a,tor Wv n ,
49,, oan,inaa,, srhas xho,reI "!e
s.,,io ~ 49, isat rs,,.laa" !ue"
,rador yast.-,,a,, NH IL ,o,r. in,a,h @
-. 49, ~. -, One 'pr''us
,,,ooa ." t,,,. ~ 90 81. - 49," ~ nv. NV
- - w o"o - ~ ''e - 10 y.
~ a;,n,, ~. .ny ueilanu
,taols in tha I"an sa ne 'u ,.o 'alIoau
Pacific loaned at a premium OF
y per cent. st. Paul loaned fiat and sew
,ral other stocks were freely borrowed at
ess than the prevailing call interest rate,
r, ., -...- -
49, WV y. o.oohN ~ .he 'ohn
49, 81, on.s,a,,. sas'.ao Az .'t,e'
- 20 w 800 40 " W.
' so, .a 1880 a".. ~no; o.'
:. $50 se 81. h 80, Guy, w '''t,.iiye
y" Va" - W. AA~' .nIN AoAs Va oSo,Nn
$50 III. ~ 49,. 80 o.. 80
M. .,d 800 th.r, -, ths harh. ~. :. -
- arr. N ~. saSa Tb.ra 4, ;ndsad a aanX
ra, d,snos;tion ON kh. n,vt ~ hroh.-s IN
ave as low open contracts as possible. Thf
peclAis's nave pee" SCALING GOWN IheH OPEN
'onTac's'
The arbitra On houses soId stooks freely
ronnd the room This mo doubt was snocm-
ative selling stocka hein1 mt ont here nm
h. ohonce that tbn1, could no bo,.ht ho,p
hs.par in Inndon an Monday priy,,c
dv,icss from the other side descrihed ,bs
foreiUn nttitude toward ~Amcri.
ans" as heiny rather more bearish The
,ondon market closes on saturdav befors
he openlnu here The London closing
unta lions q, h,ed for the onspin. Nora yss'
srday we're below naritv
-
Hereafter Colorado Fuel will be ex-clearinG
ouse. the Clearing House Committee Of
he Stock Exchange having decided to strike
~ interos, in ths a,ocL ho. d.inuod IN
=, n II ,,rnr,or+;n,s .;, 10 tho cou,d paoLa,auor
,.aras.. 90. a.,.r.I ~ ~. .,. u,
now vsrv cIosa,v hs,d o,hsr s,oot.
,-;.I,n- go. a. a-; -. ~, 49,,
,noda snn,horn -pIo 49, Gu. Trior
:. go, - Wa S,.,. a.,,.hAN ,i.oI
- Wv. p..I,,, n-.Ss..oa !. ssas ~ AZ ,;,,
~ 10. o,ions thsrsin henosSorth ,r;l ~
trough the clearing house in the regular
ay.
q w urL... -. - H.. s.., pI
~. u.ai 80, ~ '0u "s s S'u D"a. .',uasJ
~ i .1' 80 u "uS -.tp|
Va. .. y. 49,, :. -, w ,rI'a.. '."
=. 49,, -. ~ 80 - -. ~ go
~ ueniso 'n"e LAG ha' s"s hto .h0 hh' NC