Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-07-13
Wall Street Market Opened
Active, but Weak, Today.
RAIDS BY THE LEAFS
ACTIVITY WAIVED DUR--.G DAY,
BUT LIST REMAINED FEVERISH.
Some of the Standards ] ,isi tho
Lowest Point Reached in
Mar Years.

NEW YORK. July I3.-The mIrket o;.cn-
ed active and weak in continu ltioa af ii.'t
weeks liquid atom Thrre = mon tsry
support for New York Central ana ST. Paul
which lifted the former Il and the l,ttrr -,
but both Immediately reacted siIrp frlc
ton to below Saturday. SuGl declined
rs. and Manhattan Isl, and Their" were
losses of a point or over in fennsylvlr'a.
Norfolk and Western. Southern Pacific,
Northern Pacific. Canadian Pacific and
Consolidated Gas. Twenty-Five hundred
shares of Atchison sold at 63i2 ami fit.,
compared with GA on Saturday.
The market was violently active and
feverish during the first hour. with many
stocks dropping weakly and others showing
some evidence of support. Pennsylvania
was sold down Ia 1l9a.. loss of is New
York Central touched ll4i,. a point under
Saturday, but was lifted constantly in n
spaSmodic way. recovering to Saturdays
level. There was evidence of support also
for the United States Steel stocks and
Reading
Declines of 1 to IL We're made by St.
Paul, Missouri Pacific, Illinois Central.
Louisville and Nashville. Wabash preferred.
the local fractions and Anna lgamated Cop
per. Some OF the inactive stocks made
wider declines. Chicago, st. Paul. Mime
apois and Omaha broke 20 Recoveries of
a point We're made by New York Central.St.
Paul. Atchson, Wabash preferred AMI
Canadian Pacific. and the level of some
stocks was brought back to about Satur-
| days closing. The market became less
| active, but was feverish and unsteady.
| The professional bear traders continued
| their raiding tactics. under which heavy Of
! ferings OF long stock We're dslodged. Cow
| ering by the bears caused Spasmodic rallies.
| During the second hour selling was very
heavy of Baltimore and Ohio Reading NJ
| Southern Pacific at declines of Il. TO Ia.
| New York Central was carried two points
| under Saturday: Illinois Central Az: ST.
Paul, 2as; Consolidated Gas and United
| States Express, ); Manhattan, "a; Ameri-
can Express, pa and Leather preferred. 2.
The weak stocks rallied about a point on
| the covering movement. and the market be-
| came less active. but feverish and hesitat-
| ing again. Lackawanna, which sold at %
on Saturday, sold at IA. 80 and at pa on
| successive one hundred-share transactions.
Bonds were weak at noon. Wabash deben-
! ture BIS dropped %. Southern Pacific As.
| IL, and United States Steel second SO sold
| at 1873. a new low record.
| Another attack upon the market after
| midday met with some resistance and St
| Paul was the only important stock which
| sold lower than in the forenoon. Rallies
| were then inaugurated in various leaders
and they rose rather sharply. Metropoli
tan Street Railway sold AZ above its low
est, Delaware and Hudson 3 Illinois Central
zig, and the active list generally about
point. st. Louis and San Francisco LIST
preferred dropped points and st. Louis
Southwestern preferred Oh
BY O'Clock the earlier losses had been
largely cancelled and prices in some IN
stances Were ruling above yesterdays
close. Among the stocks which scored full
recoverieS We're Atchison. Baltimore and
Ohio. Northwestern, Canadian Pacific.
| Louisville, Erie, Reading, Ontario and
Western, Southern Railway. Southern Pa
citic, Union Pacific, Amalgamated. Brook
Ign Transit and United States Steel stocks.
Metropolitan street railway fell back 2is.
Trading was dull at the expiration of the
hour, but the market held well.