The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-05-25

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Wan Street. New York, May e.
STOCkS-There were slight gains among
some American stocks in London this
morning, which gave some hope Of re-
covery from Saturdays weakness. but the
opening of the market showed selling or
ders and little demand throughout the list
The first sale of St. Paul was of 100 shares
at 1904 but the next sale was 900 shares
at $50, and the stock subsequently broke
through that figure. Saturdays price was
l9lh4. Ihere were $500 SHARES OF United
States Steel sold at 307s and 3osz. compared
with 3ls Saturday and opening sales of
Rock Island were Of GOO shares at $50
and 80 compared with 3955 on Saturday
Missouri Pacific lost nearly points and
declines of a point or over were shown
by Wabash preferred. Canadian Pacific.
Brooklyn Transit. Amalgamioted Copper
and Tennessee Coal. Pennsylvania md
United States Steel preferred fell S point
under heavy offerings.
The market reacted slightly on the an
in gold for export to Germany Union Pa
cifc was carried back to the lowest. Erie
first preferred reacted point Northwest
ern lost rs points. Rock Island points
and Toledo. St Louis and Western prefer
red "a points. Effective support was again
but the demand fen away at the higher
level. Minneapolis and ST. Louis was
marked up ? points over Saturday and
Metropolitan Street Railway and Cotton
Oil preferred gained a point
Bonds were weak.
The precipitate declines in the leading
stocks alarmed holders of the less lmp)r-
tany properties and there was a general
number of them between l and poins.
These included some high priced invest
ment stocks as well as low priced nom
dividend paying industrials. Exceptional
losses were made by St PAU preferred OF
az points, United States Realty preferred
40 aand Virginia Carolina Chemical
points The general market was feverish
and excited. Supporting orders. however,
were plainly manifest an through the &c
tive list and by 1880 the tide of prices had
turned upward A number of active stocks
covered from 1 to IA points, carrying a
and second sold 1lb points and "a points
respectively above Saturdays close The
trading became quieter at the rally.
Prices hardened here and there were but
few changes of consequence during the
midday hour St. Paul rose to 15114 and
United States Steel preferred to 81 ana
the general list maintained firm under
tone. Toward O'Clock heavy selling of
Rock Island forced it down to 377s anC
prices elsewhere ran off quickly. St Paul
reacting to l501s and Union Pacific ana
Southern Pacific fell back 10 the lowest.
lost "a points and American Export 5
points. while Minneapolis and St. Louis
receded points
New York. May 25.-The stock marks.
opened with good deal Of excitement to-
day and amid the throwing over OF some
large lots of stocks there was a great deal
of confusion during the first quarter Of an
hour 1t represented largely the hquida-
ton of orders from the country, of which
hundreds had poured in over Sunday. Tie
sharpest declines were in the issues which
were the yDJtttS Ol dlldCh bii sodtuAtdS
5000 shares of Rock Island came out at
3S34 to 80. as compared with closing price
of 1872 on Saturday: Of United States Steel /
$500 shares We're sold simultaneously at
31ss and 312z, as compared with 31ss, ard
St. Paul dropped to 1895, as compared
with 1914 Saturday thus making new
record price since May 9, 1891. Other feat
ures of weakness were Union Pacific, !
which dropped = point to s5ls; Missouri
Pacific IA points to 105: Amalgamared /
Copper ] point to CO.'S Wabash preferred
/ point to 4494; Pennsylvania Is point 10
N-nrr n
125 The only firm issues were the coal /
ers Erie shares advancing from TO ia
points and Reading recovering fractionallN. /
At the end of the first hour the liquIda
ton seemed to have largely spent itself