Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-06-05
DEPRESSION
MARKS MARKET
Heavy offerings Of Stock and No
Relief
LARGE BLOCKS ARE SOLD.
Pennsylvania aud Union Pacific Free
Iy Sold, Causing Declines la 10th
severe Losses In some Properties.

New York, June 5-Openlng dealings in
stocks showed no relief from yesterdays
depression and there were heavy offerings
of some Of the principal Issues. A thou
sand shares Of Pennsylvania followed by
a 3O00-share block carried 1t down y and
there were sales successfully Of 5000 1000
and l,0OO.share blocks OF Onion Pacific,
which depressed II y. Amalgamated Cop
per fell nearly a point and there were
fractional declines in United States Steel
stocks Missouri Pacific. Baltimore q
Ohio and American Smelling Some SELF
ing orders Tor minor stocks were worked
Off at substantial declines during the
early downward rush but their depression
did not extend To- the active leaders. which
met immediate support Rallies were
sharp and were led by Pennsy lyania ana
Amagamated Copper which sold a point
above their lowest prices. A dciuge of
selling orders met the recovery above y
IN Amalgamateu Copper and IL plunged
downward to d. sugar also fell 10 III *.
div and the railroad stocks came back
but not quite to the opening low point
Az II o'clock Amalganated was ruling
above Yesterdays closing level again The
general list was feverlsh AMI irregular.
United States Express declined l. Lin-
seed oil Z and Northwestern "a Mime
apolis, ST Pau " sault Ste Marie pre-
ferTed advanced 2
There was evidence Of support I'm some
Of the standard stocks and pennsylvania
St. Paul southern Pacific, Atchis0n and
Analgamated got a fraction over last
night, New weak points developed and
Kept sentiment disturbed Atchison was
forced down a. There was a decline ot
~ In 81. Louis-Southweslern preferred.
~ IN Evansville and Tefro Haute. TWIN
city Rapid Transit ana Michigan Central.
and . IN Weils-Fargo. Prices generally
reacted IN sympathy
Bonds were easy at noon.
NUMEROUS selling orders appeared SIM
ultaneously In various active stocks and
they fell below the morning prices. Severe
declines were made boy some high priced
Inactive stocks which contributed to the
markets depression, Lackawanna lost
., ST. uis-soul hwestern a. Adams En-
press l. North American 3A Texas Paci-
TIC rs and Canadian Pacific rs.
buying orders came In al the low level
and the market hardened but became
very dull on the recovery. Amalganated
rose TO VS., and the railroad stocks raj
He'd good fraction.
The heaviest selling movement or the
day broke ont after / o'clock The move
ment had rs inception In Atchison and
Union Pacific, thousands Of shares Of
these stocks being thrown over at rapid
~ declining prices, Atchison tumbled to
699s, loss OF "a, and Union Pacific sold
at 1915, or Ia under yesterdays close.
Other standard stocks broke to The lowest
Of the day. and In some cases well below
last Mondays low record level Sales
were made of many less important prop
critics at figures from to 4 points below
previous prices. Hooking valley decline
s. Amalgamated Copper was taken I'm
large amounts after It got down around
jlk, and then made quick rally 20 b2A,
which helped the general market to re-
cover fraction before 2 O'Clock
During the early afternoon heavy sell
ing movement broke out. staring In
Atchlson and Union Pacific, thousands
of shares OF which were thrown over at
declining prices. Atchison fell below 70
and Union Pacific below 80 Some stocks
went lower than Mondays low record.