Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-04-28
Supporting Orders Came in at
First Gains Being Mingled
With Losses.
LEADERS MADE BIG BREAKS.
Confidence Upset, Speculative Holdings
Thrown over, Then Strong
Rallies.

New York, April 2S.-Thc stock market
showed evidence Of support In the OPEN
Ing dealings and many good gains were
mingled with losses The international
stocks followed London's lead TO high.
or level Missouri Pacific, Louisville 4
Nashville ana Baltimore Il Ohio rising
about a point Consolidated Gas jumped
IA and Lead lis. on tho side Of losses
there was a drop Of points in NoIth-
western, point In United States Rubbc.
preferred and Of large fractions IN Unit
ed States steel preferred Passed Steel
Car General Electric and United states
Rubber. Liquidation VAS IN full swing
opened, causing general losses Of p I'M
or more. Exceptional weakness cost
Northwestern o points Central OF New
Jersey 40, Colorado Fuel 4, Republic steel
preferred 3A, and Atlantic Coast Lane.
Pressed steel Car preferred and American
Car 3, Little resistance was shown TO the
steady pressure against the market ana
the sales of all classes Of the high grale
stocks reached large total Precipltata
breaks IN leaders from time 20 time up-
set confidence and there was a general
throwing over OF speculative holdings. BY
1850 the market showed teyerisn rally
ing tendency, Union Pacific recovered
from l2lh TO- l2SA, ST. PAU, Louisville Il
Nashville, Atlantic Coast Line, Amalga-
mated Copper and United states Steel
preferred rebounded nearly as much, At
the low point Louisville a. Nashville, g.
q o., Southern Railway preferred Loco
motive, Amalgamated Copper, Sloss-Shei.
field Steel, General Electric, United
States Steel preferred ana Tennessee
Coal were on IA to 2a. Northern Pacific
was fairly supported and rose 2R,
The definite arrest Of the decline found
plenty OF shorts uncovered and they
| bought freely, carrying the recovery fur
t9 non a9 Pac eisa9sn6g Sans o P II Tor tSF
Southern Pacific and / for Reading, Can.
adam Pacific, the Fries New York Cen.
trail Metropolitan securities, Lead and
| so Northern Pacific 3l2 and Smelling and
| the Chicago Terminal stocks about IA
| The market was quiet ana slightly un-
| steady at noon,
bonds moved In sympathy with stocks.
| Realizing I'm the strong stocks ana u
| renewal OF pressure against several lead.
| ers caused another setback. 81. Paul and
| Union Pacific also lost their improvements
| and Louisville & Nashville. Atlantic Coast
| Line and Tennessee Coal reacted 10 near
| the lowest Effective support was soon
| forthcoming, Although the market was
| lifted again to the BEST the trading be-
came practically stagnant on htc rise.
| Fluctuations were narrow and variable
| during the afternoon. Business was com.
| paratlyely light and Of about equal
| volume on both the buying and selling
! movements. Amalgamated copper was
| conspicuously strong and rose TO S2ia.
| A break 10 l5iA IN Louisville & Nash
| VILE unsettled the market and carried
! prices of a point or more, Atlantic Coast
| Line fell Az, Nashville, Chattanooga and
ST. Louis s. Locomotive "a, Laokaw0nna
| IA, Chicago Union Traction preferred ga
and General Electric 3D. Pitsburg, &C,
& st. Louis rose 3ia, and Northern Pa
clAc AZ In all, Changes from last night
were mixed again by the reaction. Union
Pacific reacted TO hslow last night, The
closing was active and very weak
Close; Prime mercantile paper 4di5
! per cent.
Sterling exchange firm, closing steady
! with actual business in bankers bills at
4. Sc. GOIDl S6,6j for demand and at i,Si 500
4,4,5 for 50-day bills
Posted rates, 4,S5U4 Sla and 4SNa,
Commercial bills, f,StAdiSis.
| Bar silver, J6d.
Mexican dollars, 4ila.
Government bonds, steady; railroad
| bonds, heavy,
Money on call firm 2A03 per cent? clos.
| ing bid 2&.
Time loans steady; co days and % days
and six months, 3h per cent