The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-01-21
SHELTERS WEAK;
HEAVY LOSSES
IN STOCK
ATTY.GEN. BoNAPARTE'S AN
NouNcED INTENTION OF PROS
scuT'Nc U. p ENCOURAGES
THE BEAR PARTY TO ACT.
srnck MAnkEr. CLOSE.

Am. c. Il f.. S0ls Am. Loco, ss$:
do pld. 81; Am. sugar III Am; TOP:
Anal Cop. 4e7s Ana. Cop. SIN a,
r. 4 s. Fe. 70: b. Il o.. SLY b. X
Tr.. 14ls Cent. Leath., 10; Oh. 4 o..
29is Can, Pac. u.s. {. Ok VII o.
S2ls j.. 4 n Can. ssh ID. n no
Grr 2OIs; Erie, i5as DO lists. ss& Gen zen
Elec.. ~; M. Cent; 100 ~ L., y; ~.
do pfd. So Mo. Pae.. "a: Nat. Bis. "a y;
Nat Lead. 80: Nor. X w, 81; ~ Am.
as; North W.. rs; North. PaSs t,s:
f "a } Mali Sen Penn. iias Pec. Gas.
So. Pm. 4 Read. l0S: +. 81. Car. 90;
Rep. ST. "a Rock ISL. 1875 do pid,
ss; 81 Paul ilSs Seh.oss al, al: II Te *.
& Pac.. 8; Twin city. s6% Union Pae.'
T2TE T. - Bonds, SIS L, :,
Rub. 23h, L.. 5. Steel. 2sA do pta'
9s: wabash. Sis do pfd, ish w. e.
Tele.. 81 y.
NEW YORK. Jan. 2l.-Weakness
in Smelling was again the feature OF
first prices. the stock showing some
support. however Ii was down "a,
making the lowest price OF reaction.
and IL rallied ! Ia. Great Northern
Ore opened ga lower. Reading opened
3-S down. rallied and lost IA. finally
sustaining a net loss of l per cent
Union Pacific and Missouri Pacific lost
ana regaired IA Steel common open
ed IA lower. the preferred unchanged.
Atchison gained and lost is. Copper
opened down and lost in all SIS. Brook
lyn Transit lost IA and in all S-S.
New York Central opened down l-s
and lost in all IL. Al the end OF 10
minutes trading, the market was irreg'
ular.
The selling this morning was ag-
gressive. a large part of IL coming
from interests who had long been
committed 10 the bear side. but there
was also a great deal OF liquidation
hy room traders and other spectators
who bcught stocks yesterday and hur
red 10 limit their losses this morning.
The weakness OF American Smelling
continued 10 attract most of the mar
ket interest and there was Increased
uneasness over the market outlook
of that stock There was some heavy
selling OF Reading. one house putting
out 10 900 shares and helping TO force
the price down TO 107 IA against
lOs SIS at the close yesterday. and
Union Pacific, which for long inter
walls has ruled closely with Reading
at the same time dropped 3-S to
l24T-S. Amalgamated Copper. which
has held firm became heavy with much
selling induced by freely circulated
bear points. Ice Securities was an ex-
ception TO the general. advancing II.
Lose Heavily in smelters.
II is known that persons identified
with American Shelters have lost
heavily in the last few months and
the market acts as though some bank
was selling out an account that had
been carried over. THIS may account
for the weakness OF Shelters.
Atty.-Gen. Bonaparte announces that
he will soon make public a plan OF
prosecution against the Union Pacific.
The bear party is making good use OF
this information from Washington. The
Pullman Co. states that IL will not re
strict operations as much as it had
intended last week and the Steel trust
admits that orders are coming In bet
ter than expected.
MeHey was cheap, ranging around D
per cent throughout the morning and
the banks are still gaining heavily
from the interior.
Traders are taking profits on an en-
ormous scale. Authorities, say TO let
the market alone until II assumes a
definite trend.
Reported for The Times BY Cameron