The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-19
New York Stock.

Wall Street New York. March 49,
STOCkS-fhe opening in Southern Pacific
was awaited with interest owing to yes
terday's sensa tional movement and excited
market for the stock in London this morn
ing The first transaction was OF $500
shares at from 81 to 6652. cOm3ared with
67s4 yesterdays closing. The general mar
ket opened quiet and without special
change either way St. Paul and Union
Pacific were a fraction lower. while Sugar
and Tennessee Coal gained slightly.
Southern Pacific was the pivotal stock
and the general market alternately adj
varced and declined a fraction in following
its cratic course. The stock was bought
heavily on the decline and rose TO 6Slf
At the top sellers became more abundant
than buyers and the price dropped back
~ Us Hlt = lalel lt.ilS - o. s1ltt Il llli.ll
dlp 10 about the lowest again some trans
actions in Southern Pacific. giving the
seller 60 days to deliver, were made at 1
ana points below the market Trading
all around was very dun at II o clock.
the feNerlSh movement of Southern Pacific
REFRESHING dealings in the general list
Consolidated Gas 112 points
Operations in Southern Pacific dwindled
considerably and the stock was less of "a
factor in the market The price was sup
ported around 6612 and its s1eadiness con-
trlbuted to much improved tone in the
market l-oulSNllle rose 70 IA ana TINS was
followed by the bidding up of various other
standard stocks, particularly St. Paul, Hi
nois Central. Baltimore and Ohio and
Northwestern. which advanced j point
each Minneapolis. St Paul and Sault STE
Marie stocks advanced 2 points each ard
The easier monetary conditions prevalent
today and assurances that a corner is not
being attempted in Southern Pacific had a
beneficial effect on the market At moor
Southern Pacific was taken in hand by
the bulls again and blocks of from 1000 to
5.V9O We're fapluly pld UP 20 of9s- ne pohu
market was quiet and IRREGULAR.
New points of strength cropped out dur
ing the noon hour, substantial gains pelng
made in AtchisOn. Rock Island. Canadian
Pacific and Peoples Cas-. General move
ments were towards a higher level under
Esf of 10 4H ~
ern Pacific to Sta When that stock later
ran off a point or so the general market
became dull. but fully maintained its UNI
dertone of strength
Bull operators had the market well in
hand during the afternoon and experienced
little opposition in advancing prices effec-
lively an around Buying for the short ac-
count was on large scale the effective
backing which numerous important stocks
received causing some uneasiness to the
short interest Southern Pacific became
quiet again and was ''pegged3 pretty well
around 81 Union Pacific st. Paul and
Colorado Fuel advanced to 212 points and
North American 3 points.
Room traders took profits ON the day s
rise and prices reacted on very moderate
offerings. Declines from the highest of
the day reached a point in some Of the
leaders notably ST. Paul Union Pacific,
New York Central. Louisville and Illinois
Central. Southern .P,aciic fen back to near
The closing was duh and easy.
New York. March 19-Todav Southern
Pacific was the center OF interest in
the stock market, although surface in
dications during the early sssion gave lit
lie prominence Of a resumption Of yester-
day late advance Inc stock opened
with moderate offerings at a maximum de-
cline Of IA points but soon recovered and
sold to ssh
The movement was decidedly irregular
and at the end of the first hour the price
4 dropped to 6Gls. A few sales at 66 seller
/ 80 days were recorded at a time when the
regular price was to p point above that
I figure Transa ctiOns We're Comparatively
small IL volume though several 1.0s0 share
/ lots changed hands, while offerings of SOC
shares were quite common. At the end Of
the first hour Southern Pacific was selling
1 fractionally under 81. and the balance OF
4 the list was dull