Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-27
Prices Declined With Some
Violence at the Opening.
DISPOSITION TO SELL
AGGRAVATED BY DEPRESSION ON
THE FOREIGN MARKETS.
tndecision characterized Stock Trad
ing of First Hour-Market Broke
to Lower Point-Dull.

NEW YORK April 27.-Prces declined
with some violence at the opening the dis
position to sell being aggravated by the de-
preston on foreign stock markets. Nor
folk and Western fell 11s on the disappoint-
ment over the failure to increase the dlvi-
dend, and Chesapeake and Ohio lost is in
sympathy. Louisville and Nashville ran
off 2is, falling over point between sales
The decline in Canadian Pacific and Cen
eral. Electric ran to = points, New York
Central and Brooklyn Transit H. Texas
and Pacific rs, Metropolitan Securities rs,
while the 1-point losses included the Pa
cities. Atchison, Missouri, Kansas and
Texas preferred and Colorado Fuel.
Much indecision characterized the stock
trading of the first hour. The opening
losses were supplemented by further large
declines reaching 2l2 in Illinois Central and
In Northern Pacific, a brisk rally fol-
lowed, n half dozen or more stocks recov-
ering to ~ and Illinois Central getting
"a over yesterdays closing. Sugar was
lifted lss, TO les.
Z The market then broke violently again to
point lower than before. st. Paul showed
loss of Ia. Norfolk and Western and
Nashville. Chattanooga and ST. Louis 2h
Louisville and Nashville and Union Pacific
rs and Republic Steel preferred rs. De-
clines of point or more were the rule.
The Indifference of the demand on any re-
covery In prices was shown by the quick
subsistence of the buying on occasional
rallies Prices of the market leaders did
not get lower than during the first hour.
but wide declines were made at new points
among the .specialties- Smelling was forced
down "a. Railway Steel Spring preferred
Pc and Republic Steel preferred 2A
Louisville and Nashville lost 37s. Canadian
Pacific 2&. st. Paul and Erie "a, Chesa-
peake and Ohio and Chicago Great West
ern preferred BIS. and Atlantic Coast Line.
Southern Railway. Ontario and Western.
Consolidated Gas. Tennessee Goa, Pressed
Steel Car and some others between ~ and
After a rally of IA in Smelling. rs in
Tennessee and 1 in Norfolk and Western.
suddenly to the lowest at noon.
Bonds were heavy at noon.
L!quidating sales overwhelmed the mar
ket after II o'clock and values faded rap
idly. Enormous sales of the high-priced
standard railroad stocks contributed to the
liberal outpouring of speculative favor
ties The Southern group, New York Cen
trail, St Paul. Union Pacific, Norfolk and
Western and Tennessee Coal seemed at
times TO be wholly without support. Nash
Vile. Chattanooga and St Louis dropped
AZ. Louisville and Nashville AS, Tennessee
Coal AS. Atlantic Coast Line 31a Union Pa
cific 34. Norfolk and Western and New
York Central and Brooklyn Transit 2h.
Ftful rallies of a point or so in special
stocks were not held.
The market was given only short rest
before prices took another downward
plunge widely extending the previous de-
clines. Most of the active stocks were
brought within the range of two-pont
losses Missouri Pacific and Canadian Pa
cific dropped 4. Great Northern preferred
6. Union Pacific, New York Central, Chesa-
peake and Ohio. St. Paul, Brooklyn Transit
the Metropolitan stocks, Locomotive and
General Electric 3 to ga Southern Pacific
Copper ga Consolidated Gas Az and Ten
nessee Coal rs.