Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-09-18
q. s. Steel Common Makes 8
New Low Record,
ALL IRON SHARES DROP
STANDARD RAILROAD STOCKS
FIRM AGAINST PRESSURE
Western and Southwestern Lines
Strong on Good Crop News-Ths
Industrials Weak.

NEW YORK, September 1S-Some re-
newal OF yesterdays selling pressure
against United States Steel occurred at the
opening, forcing the common stock down
" 10 lo9s. This decline represented the only
loss OF Importance In the market transac-
tlons elsewhere showing moderate gains.
AmalRamated. Missouri Pacific and Atchi-
son were especially firm. The trading was
fairly active and international stocks were
not affected by the confused tone of the
London market
Inc purchasing movement increased I'm
breadth on the improved western weather
conditions. and general further rise was
made in prices. Atchison, Union Pacific
Amalgamated and Tennessee Coal were
most in demand, and gained l and 1Is.
United States Steel was taken freely around
~, and the southwesterns and coalers were
bid up sharply
An advance of ten points in Michigan
Central and loss of a similar amount in
brooklyn Union Gas attracted some atten-
uon. although both stocks are usually dor.
nant. American Ice preferred fell off lAs.
ailu sugar rose points on n few transac-
lions Speculation was very duh at IL
o'clock. but the earlier advances were be-
ing well maintained.
Room traders realized on their purchases.
ana there was slight setback all around
which was accelerated by renewed weak
ness In United States Steel. Tennessee coal
reacted X from the highest. and Sugar a
point. Some minor properties fluctuated a
point or two either way
Inc general market ruled fractionally
ABOVE last nights prices. but there was no
demand OF consequence in either quarter
The bond market was dull at noon. and
price changes were a little mixed
. Liquidation of United States Steel forced
=. uo"h anew TO 1914. another low point
Inc steady downward movement of this
STOCK aroused some misgivings among hold
ers OF other iron and steel properties and
various stocks were thrown over Pressed
Steel Car dropped 90. American Car Ia
Locomotive ~ and Tennessee Coal l. CRU
cible Steel preferred sold at "a for ion
SHARES compared with S5% It's last previous
transaction In May. 1852 Standard rail-
road stocks did not participate in the down
ward movement.
There was very little of ioterast IN tho
afternoon trading aside from the specula-
uon in United States Steel. The stock held
on the low level-1Sh-closely and any .f-
1ortS 10 recover met a new supply of stock
ana the price fell off again. Fluctuat ions I'm
other active stocks were confined to the
merest fractions. and the general trading
was repressed by uneasiness over the lack
OF support to the iron and steel properties
further decline to IS by United States
Steel precipitated heavy liquidation in the
other iron and steel stocks. Railway Steel
spring preferred broke points Pressed
Steel Car. 324: American Car 3as, the pre-
ferred 3A. and various others between 1
and points.
The low prices for the day were estab
lshed pretty generally in all other stocks.
and there was loss recorded of 2as for
Metropolitan Street Railway and a point
in Manhattan and Wabash preferred The
closing was dull and weak