The Providence news. (Providence [R.I.]) 1891-1906, 1903-08-05
FINANCIAL NEWS.
BULLS AND BEARS.

wall Street. Aug. 5-Opening price,
ran on sharply all around on heavy of.
Ierings which were conspicuous in this
facincs. Changers and Trunk lines. At.
chison dropped Ia; Canadian Pacific "a.
ana Rock Island IN. Brooklyn Transit
lost rs and New York Central. Union
Pacific. Southern Railway Amalgamated
Copper and Consolidated Gas about a
point. The Vsrginia-Carolina Chemical
stocks fell PA each and General E!ec-
trio B.
There was large blocks OF United States
steel offered but IL lost only a u and the
preferred after opening unchanged, was
lifted a.
The opening prices were generally The
lowest as supporting orders were in the
market for the account OF friends of
various stocks. Very large offerings had
TO be taken by the supporting orders but
their absorption relieved the tension of
apprehension and the selling pressure
relaxed
Very general recoveries had been made
by the leading active stocks within a half
hour or the opening. Before the rally, ST.
Paul lost Us, Louisville q Nashville and
Leather preferred lh: Southern Railway
preferred ga: Metropolitan Street Rail-
way Ia; Metropolitan Securities 2 and
Virginia-Carolina Chemical T. The princi-
pal support was In the United States
steer stocks, lifting the common a point
and the preferred Ia over last night.
ROCK Island preferred gained 1N.
large number Of minor stocks su ffered
losses Of point or more in the opening
break and SNUFF broke Is. General Electric
ana wheeling a Lake Erie first preferred
f.s' colorado d Southern 2d preferred 4,
cohtinental Tobacco preferred ga and the
minneapolis, st. Paul a Sault ste Marie
stocks, Rubber Goods preferred and Real
" preferred to 2l1. A break of 2I1 in
sugar toward the end OF the hour unset
''e1 90 the market again and prices yielded. !
me recent heavy declines in stocks in |
which they were interested had Sorn.
shahowed the suspension OF Sharn a
piyah winch was announced Immediate |
drter III o'clock. The rally was check |
'u' put the general market did not be- |
'oihe acuteiy weak again, the announce /
nent being accepted as clearing AWAY
cloud over the market, as in the case
- - otner recent failures The tone con-
Iilued ',1u 1everish, however. Virginia Car
'nna Chemical rallied pa and then nuc-
uated irregularly Missouri Pacific ran
M l1s. Chicago & Eastern Illinois oertI-
icates broke
Wheeling Lake Erie first preferred
q. Colorado g. Southern first preferred
y, Southern Railway preferred az az
ouls southwestern preferred and Me-
ropontan Street Railway and St Paul
reIerred and Pacific Mall lost q The
Inited States Steel stocks lost the,r
aims and became heavy.
Liquidation broke ont again with ,ro..
r violence and the market saRged well
Glow the forenoon level ar PAM
lssouri Pacific, Atchinson. Union Pact
G. balumore e. Ohio, Erie Southern
alway, Reading, Amalgamated Copper
no united states Steel stocks were fore
ost IN the decline and were Included in
rye blocks. Missouri Pacific shImped {
and i've eighths 20 9e and over night ,
sses ran between and 2 points In other
'ou11nent stocks. st. Paul droppAd ox
lSSss or about points below the pre- !
Gus low record OF the year. Low prjces
ere made pretty generally throughout l
various members OF the leading r
cups purchases OF St Paul, Missouri 8
icifc Southern Pacific and Baltimore I
llied them point later and the gen. h
al list recovered a fraction and be- I
me duleter. High priced Inactive S
ocks surered severe losses Pullman [
eaklng 7h. General Electric 5b Met e
politan Securities and Northwestern =
eferred. Consolidated Gas. Rubber 1,
'ons preferred and Westinghouse Elec- |.
need 11z. "' .,
There was a spasmodic outburst q, a
uldation again and the general level A
ls carried still lower. Consolidated Gas Z.
lh. General Electric 61A. Missouri a,
cihc AZ, Northwestern and Southern II
.ilway preferred 4. Pressed Steel car W
= American Express 31e. Sugar. Den b.
and Rio Grande preferred and Twin $,
ty Rapid Transit 3. and Atchison cl
lion Pacific. Baltimore q Ohio and on
lie z pa. When the selling abated
market hardened a fraction. but ie
3 going Off again at o'clock on light al
ling. n,