Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-27
Anglo r ussian Trouble
Slumps Prices at Opening.
ALL STOCKS AFFECTED
LOSSES OF POINT OR UPWARD
UNIFORM THROUGH LIST.
Rallies Followed Disorderly Selling
Prices Later Broke With Great
Violence-Declines Reduced.

NEW YORK, October 27.-The acuteness
of the Anglo Russian crisis was responsible
for a slump in prices at the opening of the
stock market today all along the line.
Prices of Americans in London had been
forced down from a large fraction to ia
before the opening here. but the break in
the local market exceeded these declines
Losses of point or upward were uniform
throughout the list. Mexican Central fell
~. American Smelling g Atchison and
Colorado Fuel TX and Pressed Steel Car
AZ. the last on the passing of a dividend.
Kansas and Texas lost is and losses Of l.
to IL included all Of the active stocks, the
Pacifics and western stocks figuring con-
spicuously. First sales of Rock Island
were of 1000 shares and of Union Pacific
5000 shares, and 1000 to 5000 shares Of
other prominent stocks followed each other
in long strings
The effect of supporting orders and of the
quick profit taking by shorts made itself
felt after the dsorderly selling had spent
Its force, and there were some considerable
rallies. The market continued feverish and
very active. The losses ran from to "a.
in Reading. New York Central. Louisville
and Nashville Northwestern. Minnea polls
st. Paul and Sault Ste. Marie. Toledo St
Louis and Western preferred. st. Louis
and Colorado Fuel
The rallies ran from to ~ in Reading,
st Louis Southwestern preferred. Chicago
Great Western, Erie first preferred. Anal
gamated Copper. Smelling Colorado Fuel.
Manhattan and Pressed Steel Car and near
ly In Mexican Central. Chicago Terminal
preferred gained ~. Minneapolis. ST. Paul
and Sault Ste. Marie preferred 1 and Re-
public Steel preferred and Kansas and
Texas preferred small fractions.
The rally was used for renewed selling.
and under the fresh outpouring of stocks
Union Pacific, st. Paul and United States
Steel preferred broke points or over and
Southern Pacific, Rock Island, Erie and
Amalgamated Copper about liz.
The discovery that the rally was used as
a basis for fresh liquidation caused prices
to break with great violence Additional
gold exports aggravated the weakness.
Union Pacific, st. Paul. New York Central
and United States Steel preferred extended
their losses to 2ie Louisville and Nashville
"a, Nashville. Chattanooga and st. Louis 3
and Lackawanna ;. The losses of two
points or over included Southern Pacific.
Rock Island, Great Northern preferred.
Baltimore and Ohio. Pennsylvania. Della
ware and Hudson. Erie. Sugar. Brooklyn
Transit. Metropolitan street railway, Peo-
pies Gas. Tennessee Coal and some others.
When the bears saw a relaxation in the
selling pressure they bought to cover
shorts, the resulting rallies running to a
point or more in Union Pacific. Southern
Pacific New York Central, Delaware and
Hudson. Sugar and Brooklyn Transit. The
market was feverish at the rally. Bonds
were weak at noon.
The rally made substantial progress dur
ing the noon hour and declines were re-
duced to fractions In number of the ac-
tive stocks among the Pacifics. Changers.
coalers, trunk lines and specialties. On
tario and Western was suddenly raided
down %, and unsettled the rally. but a
quick recovery of 21a left the rest OF the
market unimpeded in it's advance. Union
Pacific recovered all but one-quarter of its
loss.
Prices were not well maintained. Ontario
and Western relapsed to the lowest. and
United States Steel preferred, Union Pa
cifc Erie Baltimore and Ohio. New York
Central, Texas and Pacific and Sugar re-
acted a point, but active pressure was not
renewed and the trading was compare
lively dull. Prices recovered again during
the hour.