The sun., 1907-10-19

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viovs sale PRIV ~ y~ss~vttsy Tho sasr--
sate ~ tvsn>sssiuu- IN sk~ isttsr ssswt wore
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'g .t-pv~S~ns the livu,dssscv ~ o~~ lsd'-
vsd.sl whc .s- bfs.s'ns sh'- sp~-'s''y ~
Th- srsns~r,ion. in s,re,ssm vsr- M, .,
sasiiv espysin~d " ~sa r~pUre~d that
leading bsnku and y prosbin~nt trust ~osn-
psny hat cslled losns IN the ssocks Thae~
'~pcrss wrre ssrphsticsIly denied ny ON
-.
tioaed A. the ofs~s ~ the company N
YES deni0i that there was any inside ligui-
datlon nv any develotmens IN the b,nsiness
of the company To warrant the decltne.
"Therc has b~en h~ar rad On the stock.-
u vHs sAid, and u therc hes t~en hqutdA-
ton thers has be~n no inside liquidation.
Neither has ther- iren calling ~ loans ny
various large institutions which arc al
leged to have caIled them. Tbere In ai~o-
iuteiy nothing In the condition ~ ths COM
pany 10 warrant the decline
Stocks In whirh the Heinye party have
had an interest and the securities Of the
Morse party also fell heavily. Though hut
200 shar~~ VI, American 10. .scurs.sce se-e
sold. this ssie was At Is. 81 points on the
last previous sale.
On the cvt b q new record was made in
the magnitude Of transactions in United
Copper. There were sales OF n, no shares
of the common and $500 sharee II the
preferred. One block Of 1900 shares Of
ticuIar attention. It was believed to repre-
sent liquidation of u bank loan and the
ssorifioe Of collateral The common stock,
while apparently one institution after
another was shaking y ont. fuctuated
between 12sS and 10. The preferred sold |
between Is and ~ Both closed at prioes |
close to the low Of tho day.
Union Pacific led the market in activity \
with sales Of 10000 shares and sold down |
below previous low records for the year |
to 1881. IL closed at II4ll, a net loss Of |
AZ points for the day. Southern Pacific, |
Illinois Central andl dlAmslgamated |
Copper were also conspicuOusly weak.
The market rallied in the last half hour |
and closed considerably above the low |
Of the day. The rally was generally attrib- |
rted to a better feeling over the banking |
situation. The figures tell the story OF |
the low prices for the day in a number OF |
stocks. with comparisons with the low in |
March, the closing yesterday and the net |
loss for the day.