Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-05-01
STOCK MARKET
WAS CONFUSED,
Vigorous Support Was Ia Evidence
And Effective Ia Many Proml-
neDt stocks
GOOD DEMAND FROM EUROPE.
shorts Disposed to co,sr--BfcaLs
Carried Many Stseks Through
Saturdays Prices

Now York, May 1.-The stock market
opened IN confusion and disorder with
wide changes both ways, The closing day
Of the London exchange left operators IN
stocks without the usual preliminary In
limnllon " tho tone VI the speculation
ana feeling ~ great anxiety remained
as a result Of saturdays events Nlsor.
GUS support was IN evidence ana was q.
foollye In many prominent gtolkt but IN
others there were considerable declines,
Opening gains woro shown " ! 10 ~ IN
Louisville a. Nashville, Illinois Central,
CANADIAN Pacific, Northern Pacific, Atch.
ison, Reading ANA Union Pacific Tho
last named opened wide with rmutano.
ous sales Of $500 shares from llels TO nv,
compared with llsik on saturday The
price then dropped TO ll3b, United state
sales und q wide opening In the c0mmol
stock on 1000 shares showed prices at
&n ANA u, compared with BIN saturday
American smollIng was down IN, Tonnes
see Soal about . point ana Pgnnsylvanin
some rocovorles nj mo eNtrcmo declines.
aud some reaction from the Wide adj
\ancos Immediately after tho opening,
SrSgN ,o Som ninG. yno noSie' ,Spoeg
ropo ana considerable advances were
made In prices The failure ~ conllIma.
ton, OF Saturdays rumors Of financial
troubles made shorts disposed to cover
r rGT iS S sd S NE nS wsHBRSss y i ,o
lng orders but In the second half Of the
hour there We're some threatening breaks
again Atlantic Coast Line rafe ps Great
s SSrIGnSrn prSIerSd g9a MtS o9t oopT
Missouri pOcllc, Norfolk \ Wc,tcrn,
Metropolitan stocks General Electric had
s2' Sg q, g ON sAc R rS,s spolNtHGS
York Chicago 4 ~, Louis 2 Tho second
preferred 3iR, Locomotive ~ and Read.
Ing, g. Paul pcnnsylvania, southern
Pacific, TIC United slaies, steel stocks,
cs "I'I 10 '' GScn0 TacSc rcacIcG o from rom
ll9Ss 10 lin and Great Northern preferred
m,9m lIS 20 Jos, Cleveland loraln n
Tho break carried many stocks through
would servo 10 alrcct additional marx NJ
Como Of the stocks which opened strong
cnc rose ~, Eric rallied ~ The mOrko,
became much qulolor,
Bonds were steady nj noon,
The bulls obtained absolute c0ptrol Of
the market for time altor midday and
pushed prices resolutoly upwards, Out
FonNlllk fnNllt n'VNln' NlNflnfU anu 'ONs
cred frnn,icnlly AT a level from ! 10 .
points above saturdays closing. Business
was very honVs shlo the rise was In
progress Amolip me more notable GAINS
were Atlantic Coast Line W. Louisville
\ Nashville ~, General Electric 3i6
O1iled states Rubber preferred a. and a
number Of the pacints, southwostcrns
loalors, Independent steel companies, tho
Metropolitan el1cka' and Amalgamatod
Copper 20 g. Northwestern rallied 10 Z
points over last weeks f1nnl figures Lin'
seed preferred declined 3, chicago, ~
Paul Minneapolis and omaha ana Rub'
Der Goods preferred bM
Tho market ran on 10 lla Cor foW
stocks on professional realizing but rail-
lied 10 above tho highest again and NJ
camo comparatively quiet
Tho market became very qpot when
the urgent demand from tho Shorts" be,
came satisfied Late IN The day tho nd.
vance was renewed carrying prlcos 10
the highest ~ tho day Minneapolis, st.
Paul a eaullo sto Marie rose b, Northern
Pacific 5A, Nashville Chattanooga N 81,
Louis 9, aud Union Pacific CanAdlnn Pa.
clfc, Illinois Central and tho Motropnll.
tan stocks rose 10 3lp, Gains generally
ranged from to over points There
were slight receaslons again, but tho
closing was steady,