Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-16
FINANCE AND TRADE
Sharp Declines Marked the
Opening today.
UNEASINESS IN LONDON
LOSSES RAN no LARGE FRACTIONS
WITH SOME LEADERS.
Prices Were Above Lowest at IL
0'Clock-Effort to Advance Market
Were Unavailing.
UNEASINESS IN LONDON

NEW YORK, November 16.-The uneasi-
ness In London over International relations
was reflected In sharp opening declines in
the stock market here today in all of the
internationals. Losses ran to a large frac-
ton in Atchison. Kansas and Texas. Nor
folk and Western, Southern Pacific. South
ern Railway. United States Steel and ANAL
gamated Copper. The offsetting gains were
principally among industrials and special
ties. Detroit Southern preferred rose rs
Stout resistance was offered in spots to
the pressure of selling orders, but eventual
ly the market yielded in all directions and
by IL O'Clock the leaders were selling well
under yesterdays closing. Union Pacific
Southern Pacific and United States Steel
stocks were assailed vigorously, were
some of the eastern and southern stocks.
Overnight losses in the railroads reached
point in Southern Pacific, Union Pacific.
Erie, Baltimore and Ohio Atlantic Coast
Line and Atchison, " to ~ in Kansas and
Texas, Louisville and Nashville and st.
Louis Southwestern preferred. and in New
York, Chicago and st. Louis.
Among the specialties the United States
Steel stocks Tennessee Coal, Smelling, Vir-
ginia-Carolina Chemical, North American,
Tobacco preferred new certificates and
Manhattan suffered to the extent Of point
-
soldated Gas ~.
A few gains were made, Rock Island,
preferred and Cotton Oil rising 1, Toledo,
ST. Louis and Western preferred and Steel
Foundry preferred 112 and New York Air
Brake 81. Prices were above the lowest
at IL o'clock and Metropolitan Street Rail-
way rose 2 points.
The rally carried Rock Island. Missouri
Pacific, Union Pacific, Norfolk and West
ern, Chesapeake and Ohio, Amalgamated
Copper, Sugar and Realty back to last
nights level or a fraction above. Chicago
and Alton, Metropolitan Securities and Hide
and Leather preferred rose IA to 1&4.
The demand died out at the rally and the
market became duh and irregular. some
stocks receding to the lowest. Atlantic
Coast Line lost 2ss Louisville and Nashville
rs and New York Central, st. Paul pre-
ferred. Wheeling and Lake Erie first and
second preferred and Chicago Union Trac-
ton point. Vulcan DEFINING sold at 2bs,
compared with the previous price in De-
cember of 5ia. Some of the active Specu-
lative bonds reacted, but investment issues
were firm at noon.
Efforts to revive general buying by an
advancing of special stocks proved unavail-
ing, the room traders utilizing the higher
level to put out more stock Bidding:up of
Amalgamated Copper to ItR and more ex-
tensive advances in minor stocks occurred
after II o'clock, but the effect on the stand
ard stocks was only transient and prices
sagged again Wabash preferred, Iowa Cen
trail preferred, Sugar preferred, Corn Prod
ucts preferred and Paper preferred were
forced down l to 114 The advance reached
31a in Canada Southern, 3 in u. S. Express.
~ in Hide and Leather preferred. in
North American and / to 14 in Amalga-
mated Copper, Leather preferred and Chi
cago and Eastern Illinois certificates.
Concentrated buying of the coal stocks
and a jump in Amalgamated Copper en-
livened the Afternoon dealings, and the gen.
eral market recovered moderately in SYM
pathy. Chesapeake and Ohio. Norfolk and
Western and Hooking Valley gained IL a
1A. Toledo, ST. Louis and Western pre-
ferred rose ~, and the general railroad list
a fraction. Amalgamated was put above
rs and Sugar was taken freely at ad-
vance of point. Pacific Mail rose 2, Hide
and Leather tx. and the preferred, ~.
Realizing sales became effective at o'clock
and the market eased off.