Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-06-19
Opened at a Rebound From Yes
terday's Depression Favorites
Showing Wide Advances.
SHORT INTEREST WAS ROUTED
Followed by Profit Taklng-Blg
Breaks IN Intcrborough
Metropolitan.

New York. June l9-Tradne in stocks
az the opening day was excited and &c
tive az a smart rebound from yesterday s
| depression. Many OF the speculative ia
| yorites showed wide advances: Pennsyl-
/ wanna was especially affected by the con-
/ ciuslon OF the negotiations for loan IN
( Paris The FIRST sale was Of LOO shares
! 40 1875. followed by - shares at 1901. and
/ then followed ljc1 shares all the way
I from l5i 10 lS3 compared with l.9'. last
night Northern Pacific rose points,
/ Anaconda -. Great Northern preferred
2 Reading = and Union Pacific ST. Paul
/ Illinois Central Baltimore 4 Ohio. Con
! solidatcd Gas Amaigamated Copper.
| Smelling, Locomotive Colorado Fuel ana
1 Brooklyn Transit from / 20 ia There
were many gains OF large fraction. In
/ terborUugn Metropolitan stocks. which
I had peggtd at ~ fOr several Gays past
| broke violently through thar support with
/ a decline Of ga. On the enormous offerings.
The rOut II the short interest furnished
I good market for pofit taking. This sell
ing wiped cut a considerable portion OF
/ the opening rise Anaconda reacted ~,
I Pennsylvania Pa, Northern Pacific ~ and
| ferred, Locomotive and Consolidated Gas
l. lnterborough Metropolitan went down
! 70 Co.,. and The preferred also lost l.
! Renewed purchases on a large scale raj
lied the market substantial ST. Paul.
Reading and Union Pacific sold fraction
ally higher than before. Union Pacihc's
gain reaching 2 points. Pennsylvania re-
covered point 20 1874, and became few
I erish. On this rise "a number Of additional
gains Of consequence were made such as
5 In Michigan Central Q IN General Elec-
trlc 2 IN Northwestern and Delaware a.
Hudson, IA IN Colorado Fuel. ~ In Lead.
Ia IN New York Central and In G. {. G..
& ST. Louis Denver q Rio Grande Mis-
souri, Pacific and Norfolk & Western.
. Minneapolis. 81 Paul and Sault Ste
Marole exceptionally fell on :. Sloss-Shef-
field steel ~ and Tennessee Coal !. In
terborough Metropolitan broke again 10
81, and the market became unsettled
Prices made another advance with con-
spicuous strength IN Reading. 81. Paul
and the metal stocks. Gains reached In
Lead 80. Anaconda I. Reading and Del
aware q Hudson o Smelling ~. ST Paul
"a. Baltimore & Ohio and Amalgamated
~
The successive breaks IN PETERBOROUGH
Metropolitan had an unscttling influence
on the rising tendency elsewhere That
stock sold as law ~ iEs during the sec
ono hour. Inc preferred lost ~, west
iughouse Electric g. New York, Chicago
& St Louis second preferred and ST. Paul
preferred ~.
Bonds were irregular AZ noon.
The market continued nervous but the
fluctuations were narrow St Paul rose
10 l9 and slipped back 10 Ia Reading
held comparatively hrmer than other a..
yoritcs, lowering close 20 l23. Business
was pretty much at standsull at
o'clock
More steadiness was observed IN the
afternoon than I'm the morning though
trading was meagcr The Pennsylvania
group was most in demand and Reading
rose 20 new high level. Pennsylvania
rallied 60 l32 Reading crossed l32, b. q q.
reached ms and Chesapeake & Ohio gain
ed point