New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-23

! So points Northern Pacific S2s ST. Paul IA,
General Electric 6. Reading ia, American Smelt-
ing 54S Baltimore & Ohio 4ss Amalgamated
Copper 314, American Ice Z. American Locomo-
tive preferred :. Anaconda 81. Atchison J2s.
Brooklyn Rapid Transit D Canadian Pacific 4la,
Consolidated Gas :. Delaware & Hudson 10,
Distiilers i. Great Northern preferred 613. Great
Northern certificates AZ, Illinois Central Al,
Louisville & Nashville 3, Manhattan "a, Ma
tionaI Lead Az, New York Air Brake 314. New
York Central 325. Norfolk & Western rs. Penn
sylrana 81, Peoples Gas 51s Pressed Steel Car
common ia Republic Iron and Steel preferred
!, Rock Island preferred 31s, Southern Pacific
G1S United States Steel preferred 33s. and United
States Steel common 2jl
SOME RECOVERY AT CLOSE.
IN u majority of cases the severe declines were
modified considerably before the close, which
fairly steady in view of the days nerve
racking happenings. OF the market leaders the
heaviest net declines for the day were 612 points
IN Northern Pacific ~ in st. Paul, > In Consol-
dated Gas. in Delaware & Hudson as IN
Union Pacific, 615 in General Electric > in Read
ing 42s in Southern Pacific IA in Great North
e1n preferred in Chicago & Northwestern.
in Baltimore < Ohio. 61s in American Ice, 33s in
Brooklyn Rapid Transit 3la in Canadian Pa
cifc 8. in Norfolk & Western and "A in Great
Northern ere certificates. Copper. Shelters, the
Steels, SGgar. the Fries. the Gould issues, Penn
sylvania and Atchison closed with net decllnes
which were not severe, as compared with the
other speculative 1avorltcs. Shelters rallied .
points from the low point, and lost only . on
The day while Copper down only IL points
TIE United States steel issues showed strong re-
sistance to the downward of prices
throughout the session.
For sensational declines light trading in
stocks Tor which there is not a ready wide
market the day viii go down in Stock Exchange
history as q record breaker. Some of the most
remarkable declines in this class Of securities
were: Westinghouse, OBS points; Union Pacific
preferred, >: Reading first Preferred, /; Pitts
burg Coal preferred AS; Panhandle, /: New
York Dock T. Nickel Plate second preferred
10; 500 preferred, aa+: 500 common, 7l2; Met
ropotaa Street Railway. >, KnickerbockeT Ice
of Chicago. pig; Lackawanna, 10; Chicago St.
Paul. Minneapolis & Omaha, .; Chicago & Great
Western preferred A. SIS: Chicago & Alton, .;
American Tobacco preferred >.
With money soaring up 10 40 per cent II
looked as If many of the brokers who had
neglected to lay in q liberal supply in advance
would have hard time in getting accommoda-
tion. Speyer & Co, Kuhn, Loeb q Co and the
National City Bank however. came to the rescue
of the I'll fated borrowers, and lent out large
sums at 6 per cent. which did much To restore
.
helped The market TO rally as It did.
HEAVY LIQUIDATION.
There was Of course, tremendous liquidation
throughout the session, and large part Of il
was doubtless caused by the banks and trust
companies calling loans right and left 10 in
trench themselves against the fate which had
befallen the Knickerbocker Trust Company. The
failure of Mayer Co, which was announced
just before the close OF the market. was with
out effect. so much more direful had been the
news earlier in the day. Incidentally. there
were bargains for the asking on all sides con-
sisting Of the best securities OF the country. but
the bargain hunters were few and far between.
At the close the rate for money call had
dropped to per cent at which figure large
sum was offered.
The following table will show the high point
of the present year the low point reached yes
terday and the total loss in points of the leading
stocks.