The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-07
WALL STREET
STOCK MARKET AT LAST
GETS EXCITED.
In a Hurry to Liquidate, Brokers I'm
load and Prices Tumble IN
Every Direction.

NEW YORK, Aug. THE opening
movement of stock prices was confused
and irregular and transactions were no
on a large scale. Some of the prominent
stocks which were most aeutely depressed
yesterday. rehoundeh sharply, but Their
were losses at 9th : points. Northern
Pacific rose l ard Union Pacific, Kansas
and Texas and Anaconda q. General Elec-
trie and L. S. Rubber LIST pfd. fell large
fractions.
il \. M.-Seltinz orders increased and
the market sank to below yesterdays last
prices before the decline was checked. on
the rebound ST. Paul. Union Pacific. Read.
ING and tie Hill stocks were strong and
the top prices of the movement were reg
istered. The demand began to suoslde
after the rise got well under way and
there was a subsequent decline. st. PAU,
Kansas Il Texas and Schloss-Shefheld
Steel rose l. Union Pacific and Great
Northern preferred Ia and Northern Paci-
nc Is, Colorado and Southern and Third
Avenue dropped IL. Delaware & Hudson
IL, Illinois Central 31s and Sugar l.
One hundred shares of Lake Shore sold
AT $50, compared with previous transact
items at 1856 on December Tth.
The acute weakness of a few stocks had
a restraining effect on the market, but
did not induce general declines of any i'm
fQt AitttSr GiSdt 0ioRt *
Metropolitan and the preferred Ia and 3
To ret ord low prices, Third Avenue pa,
General Electric Ia. and Brooklyn Tran
sit. Distillers' Securities and Colorado Il
J. Canadian Pacific. Northwestern and J.
=. Reduction preferred rose l. Bonds were
steady.
! p, m.-Violent liquidation developed In
the market during the noon hour ana
prices fell precipltately all aroutd, Union
Pacific. Reading. ~Amalgamated Copper
and Smelling were the chief sufferers, but
all of the recent speculative favorites
were thrown over indiscriminately. u. 5.
Steei vas dumped upon the market IN
enormous blocks ranging up to $500 sha,Es.
Amaigamated Copper and American Smelt-
ing fell 1 points; Reading, ga; Union Pa
cifc, 2. Great Northern preferred, North
ern Pacific, Canadian Pacific. Bethle-
hem Steel preferred and Minneapolis, st.
Paul and Sault Ste Marie. 25s TO 2S4; the
preferred sls. and Southern Pacific, Atchi-
son, Louisville and Nashville, Atlantic
Coast Line and Cleveland, c. c. and ST.
Louis. . to 24. Delaware, Lackawanna
and Western sold at a decline of SIS;
Avenue. 5A; Sugar, 4ha, and Brook
Ism Transit, ga. There We're some spas
modic rallies on hasty covering by shorts
before the end of the hour, but the re-
break in Union Pacific of 4 points,
and Northern Pacific to 3k below last
unsettled the market again.
) p. m.-The urgent liquidation of the
active stock seemed TO be over for the
time being. but the market made little
toward recovery. Some of the
chief sufferers. such as Reading Union
Pacific, the Hill stocks; .A~malgamated
Copper and Smelling ruled ! to IA above
their low figure. New York. Chicago and
Sd. Louis second preferred made a belated
desline of 4&, Atlantic Coast Line "A;
Chc - and Alton and Railway, Steel
Sp. --eferred 4, American Wooden 2la
an6 Init Il Railway Investment pre-
8p Il market closed unsettled and
A feae ee Slump in the final hour car
ried Urior. Pec' c down an extreme So.
Smelling and Sugar ,5ls, Read
ing 5. Amalgamated Copper and Norther"
Pacific as, Dlsfillers' Securities AZ south
ern Pacific az st. Faul 4. Great Northern
preferred 81 btchiscL 3la. Interborough-
Metropolitan prefeIreL Sss and Canadian
American Tobacco preferred and
American Steel Foundry preferred g. Fed
eral Mining sold at a decline of IA. Rallies
on covering by shorts reached ! to 3, bur
were not fully held.