The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-11

Wall Street. New York March IL
STOCKS-Americans made sharp recover
les in London this morning on the eXpec-
tatiOn that the secretary Of the treasury
would take measures to relieve the money
international list at the opening mere
Southern Pacific. Canadian Pacific and St
Paul were carried up 1ss points each. Anal
gamaJed Copper rose ABOUT a point ana
Anaconda "a points. Dealings in some OF
these stocks were in / .D3D share blocks and
upward. Elsewhere in the list there We're
some declines American Ice preferred
broke IL points and Minneapolis and st
Louis a 2oint.
Trading was very irregular for the first
hour on large volume of business. open
ing gains were yielded. Amaigamated Cop
per. Anaconda, the local fractions, New
York Central. Missouri Pacific and -Rocb
Island receded a point from the best Net
losses of as much was scored by sugar
General Electric, Chicago Terminal pre-
ferred Illinois Central ST. Louis and San
Francisco second preferred, Toledo, St
Ioiljs and Western preferred and New Ha-
ven. Buffalo, Rochester and Pittsburg alsC
lost points. Lake Erie and Western pre-
ferred 3 points and Westinghouse Electric
lowest and the market rebounded sharply
some of the active leaders recovering tic
the top level. southern Pacific rose to l9s
points over last night The market ther
The absence of liquidating pressure OF
the market and the marking of cail loans
at 3 per cent helped to keep prices at 4
high level Reports that the secretary OF
the treasury was to visit Wall street en-
C0QraEeQ TulOIS OF treasury meas lItS 4til
The relief of the money market Prices
howe yer constantly nuctuated above and
below last nights level At the top leve
Of the second hour Southern Pacific, r.
and o.. New York Central. Rock Island
Atchison. Northwestern Lake Erie ard
Western. the Fries. Chicago Great West
ern preferred B and International Power
We're about point above last night De
troit Southern preferred, Minneapolis, St
Paul and Sault Ste Marie. Colorado South
ern and Linseed preferred lost I to ~
points. Third Avenue declined IL points
After a stiff reaction Southern Pacific rose
to 6S1z just before noon.
Bonds were irregular.
The demand for stocks abated somewhat
after St. Paul had reached 16S1s- Pest
prices in all cases were shaded later by
realizing sales. but there was no imp0r-
tant pressure anywhere outside of ST. Paul
and New York Central, which reacted a
point
The reaction was checked by rise In
AmalgamatCd Copper to the best. but q
drive against Southern Pacific. which car
ried it below e.. renewed the decline. ST.
gar reacted IL points and Erie second pre-
ferred "A point Iowa Central lost la points.
Prices were better again before o clock
A turn against the shorts in Metropoli-
tan Street Railway caused a bump OF 20
points over last night. ST Raul rose an
extreme PCS points and Missouri. Reading
and Brooklyn Rapid Transit got to lss
points over last night. Minneapolis 1nd
St Louis rose 3 points. Canadian Southern
points. Delaware and Hudson l1e points
and Colorado Fuel / point Southern Pa
ci6c st. Paul and Metropolitan Street
Railway then fell back a point. Prices
hardened again in some cases to the best
and the close was firm