The Cairo bulletin., 1904-03-25
BULL LOST GRIP
ON THE MARKET
UuscttIing Rumors Put Bear
Element on Top
TO USE AN ADVANTAGE
THE MARKET OPENED LIVELY
BUT WILD TRADING OF
PREVIOUS DAY NOT IN
EVIDENCE.
By Associated Prcss.

New York March a. The market
opened lively this morning, but not
with the wild trading Of yesterday
Sales were mostly in 100 share lots
and there was not the scramble to
trade. Prices were generally ad
yanced over the somewhat weak close
last night London was higher, with
orders to buy 10000 shares this
morning, Erie and Union Pacific were
the most active on the London
boursc and showed the greatest ad.
yances, Consos were 4 higher for
both money and the account The
Bank of England rate is not changed
from per cent
Anthracite coal conditions were RI.
ported as being far from satisfactory
Orders are not coming in as desired
md the prospects are that a consid-
arable cut in price will be necessary
o stimulate trade.
The short interest Is now lower
han il has been for some time. Dur
ng the past week the shorts have
lad much the worst of the market
md they have covered heavily and
aiken their losses
The market lost its early snap MS
he session progressed and prices
we're on the down turn around noon
There was a lack of buying power
md the short sales were again in
'reasing A bill introduced INTO con
,ress to allow the West Maryland TO
inter- Washington had the effect Of
loding the Gould stocks for time
nut the strength was short lived
Union Pacific and Southern Pacific
pcned wide in the market today, g..
90 shares Of tho former selling at
'2% and S2b. compared with S17s
lSt night, and 5000 shares Of the lat
err selling at 1874 and 1874 compared
18th i9A last night Erie rose *
Elsewhere there were small advances
yer last night and the volume Of
business was moderate
Amalgamated Copper and several
other favored stocks that did no,
share fully in the recent rise, made
good advances. Large blocks of
Amalgamated were bought. adyanc
ing ~ to Ia, and Sugar, Eric, New
York Central and BROOKLYN Transit
/ to l5s Railroad stocks did not par.
'icipate 10 any decided extent IN the
Use, selling of Union Pacific. South. !
1rn Pacific and Reading acting as
lrag on the general run Of standard |
stocks. These offerings turned the on /
ire market downward before II I
l'clock Union Pacific fell below ~. /
Minneapolis St Paul and Sault Ste.
Mario preferred, Realty preferred and |
International Pump fell l2s.
Prices sold off in common with a
lrop in Northern Pacific and Great
Northern preferred on the curb.
Inion Pacific receded to q below
lst night and preferred a point and
southern Pacific II Other losses
we're fractional and he strong stocks
ayed a fraction Of their gains. A
'ecovcry TO near the best in Amalga.
1atcd Copper steaded the market
mt the trading was without ANNA.
ion Colorado & Southern second
Preferred lost I and Car preferred
gained
Bonds were steady at noon.
The noon rally was short lived
'rices declining again 10 the lowest
e. Paul and Missouri Pacific were
,ndcr considerable pressure and
'ielded a point each Great Northern
Preferred dropped IN to 172i5.
Stocks were offered down rather
steadily IN spots during the early af
enoon. bat the Pacifcs and 81
Paul did not reach lower levels Sell
ne was more directed against Penn
ylyania and Atchison, which lost
,oint each. Rock Island preferred /,
corcd a similar decline and Union
Pacific preferred and Westinghouse
electric sagged 2, Lackawanna adj
'anced 3ia.
Northern Pacific opened on the
'urb today at 127 and sold down TO
rs. a maximum decline of G per cent
rom last nights close Some three I
thousand shares changed hands in
he FIRST hour The principal buying
vas by a firm closely connected with
he company. Traders generally sold
treat Northern preferred was quite
ictive at the opening selling from
lG6 TO no Northern Securities was
-eactionary At the opening some two
thousand FIVE hundred shares sold
rom 90 down to s1s4 and then back