The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-29
GOSSIP or VALE STREET.

t,crro-t,o A.-.~s sx.'..~l.. r... % - a.
ind,s. !. ss., ~. ,,,,'n, ,'oss va roVn 90 70
had trs,s...d rsS"Se.a,u s"
the dan,.nd p. ~" .S Tnse Inasy, anu
,n., ~" $3.50 ~. ., 49,
declins n.mslv Penn. , y,.' W.. '" III w
central ana 81 Paul VIA particularly insist
ent' mere seemed 70 oe no dificulty. how
ever. ABOUT sausiyins IT. The average loan
inf rste ior all active stocks except Southern
reohc was per cont Southern. Pacinc
1es wanted sun at he nat rate and the
inquiry ior IL was as urscnt a. ever Harris,
caves 90. were SAID TO be borrowing stocks
very Freely. ana W. b. MACK Co were also
'srso oorro"ers'
Tho sxtraord,r.,v ss.. ~i,h xh,ch .h,,t
stooks Are recovered Ssn.,aiiv an dsc,,n,n .
quotations and the msrkers lack Of rsiiyine
powerwhen It's oversoidi!con ditionwouh seem
70 demand violent upturns. have led some
observers 70 euspec< that the extent OF the
snort intereft mas been eSaFeerated all along
it Is suggested that the large borrowing
demand may not be genuine, but intended
rather 10 disguise the selling OF long stocks
and confuse the speculative situation. A
professional CONTINGENT has tried repeatedly
TO rally the market aRairst the shorts and
failed. either because the short interest was
40 confident that II could not be easily intini-
dated or because II was much smaller than
had been supposed There IL diversity OF
expert opinion on this question The more
general belief IL that the market really IL
heavily oversold, but that the bear party
''''"''eu ~ an' H'elo rooi' a"on'
II VIA. formerly the case that Western
naon,S cor,in . n wall stra.t ,s,. s,travs-
eantIv huIIsh Nov ,bsv A.. o,,Its the re.
verse Tbev are rnors h.sri.h svsn ,ban
WaII s,r.e, NAOMI. ond ~. ,r.da,. smon q
tbern .nno,rc. Ia, thsv nrono.e 70 al, the
ms,rst an . scs,. I'm 4; u has sno,hsr 80
yano. Th,c. 90 naoni. ara ne r,touj, civ na.si-
r,,.,,o tn 800. .;nns, s,.n,sn, ~ Cs,cs %
r. ss,d % hsva hsen Nor, ~ tsa rnarrst "a
sons ,,n,s when ,h. wss,s,n nnhi,o vos
800, h,,li.h =, 90. In -, .,ooss ana a,
about the highest prices,
III. .,t,sr. w..rra.. a, so,,bs-n Dada,
ond Irn,on p.c,ec ssn.c,.i, ,ha ,arn,sr
caused general uneaslne,s. Harris, Gates
4 70 we're said "a he dist,,hutlng .e,I,ro
orders in southern pac,sc Ne Wit = Co
Dick Rros ana Charles Knobl,uch ofYsrsd
the stoct dorn There had been rumor.
around the street for several days that made
his seiins IN eoutnern racine ana inc sp-
parent absence OF supporting orders on tne
oreak 10 es'i HOOK s'gn'ncant 1t IS sa'd
that the stock was fuii OF stop-ioes orders
at % ana below: Union pschcs decline
TO q new low point Tor this movement at
ssH also produced an unfavorable impress
sion. The behavior OF both stocks was
thought suggestive Of . fresh GU tbreak Of
market hostilitics.
:, ala $1,000. ~. ,,...
,p.sSrs.,. ~ u.,,,s..ss
bar.s a., mnds,,oos 80, 80 80 h,,, ,h.
s,oo% on ~ ,nrss,,n.n, n,sr;, r. s..r
H. 90 s,., n,.d. IT,, ,ni. h;,.,, -, p.nn-
sylv.n;a toesther With a iins NJ 81 paul
and some other stocks, had been sold under
pressure. II Is no secret that between the
house IN question ana certain OF the large
banks there has been III feeling for long
time. The ngular liquidation OF large
block OF National City Bank stock last winter
Is part OF the story.
g. n..,, -. .,.,...
, ou y.I =, o.. - Ia =. "s 1 ,S =.
nIay a1on nu "a n nv snor'
~e,,r. sssuso,., 30 ~, ",e.s
ce,'an. vnn.1an,,v al. 20 100 zoo" s,.
!. thought " 10 b. a pretty lnrre short in,ere..
not xithstandins the corerins that was done
ON the de- cline ' N''e
There was nothing 70 distinguish yester-
days selling OF pennsylvania ana New YORK
Central from that remarked IN several pre-
cedins sessions erHet deai OF ionf STOCK
appeared 70 % comns out' especially ID
PennsVVans.