Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-02-24
STOCKS UNSETTLED,
CLOSING QUIET

New York. Feb 2t-The stock OPP
encd in au excoediuly unsettled state,
with wide price changes an both di-
recuons when trndins began y Ice
OF Americans On London had rebo nd
ed violently from the low level of yes
terday'B closing here. Some stocks
showed sympathy with this influence
IN the New York opening dealings but
others suffered from renewed nquida-
ton. Reading was lifted two points. 81
Paul. Baltimore a. Ohio and Republic
steel IA Illinois Central and Pressed
steel car a point The first sales OF
United states steel were OF 0ovo
shares at u]h and ala. compared with
AZ last night. Canadian Pacific ran on
2ia. Northern Pacific 9. Missouri Paci-
tie IA ana American smelling and
Tennessee Copper about a point The
dealings were very large ana ulete
was much CONFUSION 10 90" carry hea-
Violent and foverish fluctuations re-
Elected tho contest between opposing
forces IN the market When support
became effective the shorts scrambled
to cover and some eiterscent uphrooH
occurred.
Prices fell back from the early high
level. but met buying agaia and
more stable tone developed. lheic
were declines in isolated stocks due 20
belated Liquidation. Erie ~ ST pre-
ferred broke 8h, Mercantile marine
prefNrsd ~. and 4. S. Rubber Mac
kay companies and international
Pump g. on The rebound the gain IN
Reading reached 3ia, Baltimore a ONO
Denver g. Rio Grande and Amman
Car "a, Sloss-S chemeld Steel ana Re
public Steel preferred iA, Penlsyl-
vania and Great Northern preferred
is. L.. s. steel Colorado Fuel and
Atlantic Coast line 10, and several
other active stocks a point or more. Al
the end of the h0ur the general list
was "a fraction under the best Read
lng had reached Ia.
THE market became quiet around tho
lower level and attempts were made
20 bid up prices The rally carr ed
the market fraction higher Nhan
before but increased offerings Were
encountered. and the market weak
cued. Gains in Peoples Gas had
reached lA Union Pacific l. ana Wa
bash %.
SINE ting common yielded 23s below
last niCht. Toledo, 81. Louis 4 West
em ia. Erie and Southern Railway
IA. and Reading fell back To below
l20. The tone was irregular az noon
Bonds were irregular
An interval OF dizziness followed a
rally in which most OF the leaders
touched their best prices. Union Paci-
TIC. Reading and United states steel
We're absorbed iu round amounts. Great
Northern preferred advanced points
United states Steel pa and Toledo. ST.
Louis & Western preferred declined 3.
The market suffered another reaction.
which did not run far. speculation be-
coming quiet as soon as prices declined.
Toward . O'Clock prices began TO move
inward again smartly. Atlantic Coast
Line rose Iis and Illinois Central q;
! Louisville a. Nashville, 2lz; Pennsyl-
vauia and Atchlson. .; Norfolk q West
ern and Amllgamated copper lis.
The market closed quiet but nrnl'
and mar the best prices Of the day
| Reading's gain reached ., Delaware *
Hudson. General Electric and American
| cotton on 8. and Union Pacific 81
| paul Kansas & Texas. Rock Island
preferred, Pacific Mall colorado Fuel
| Eroolllyn Transit. Sloss she tneid'
| Pressed Steel Car and United states
| StaoI preferred 20 pa. There were
| fractional rccessions in tho late deal
| lugs.