Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-06-01
HOLDERS ANXIOUS
TO UNLOAD STOCKS

New York. June L-Actiye unloading
of stock was resumed with the opening
OF the market today resulting in violent
declines. the higher range OF the London
quotations anording no advantage mere.
The western and Pacific railroad stocks
were the most affected. ST. Paul fell 3.
Atchison, Denver s. Rio Grande and iowa
Central . Northern Pacific 1&, Union Pa
cifc and Canadian Pacific rs. and Bal
tlmore & Ohio, New York Central. Great
Northern preferred, Missouri Kansas a
Texas. Rock Island, Norfolk g. Western
and others a point or more.
with the exception OF a few trivial raj
lies the trend of prices was downwards'
The standard railroad stocks displayed
the most active weakness. u. s. steel
showed some meaure of resistance, al
though II lost point In common with
many other stocks.
Pacific g. Rock Island preferred ~ Bal
timore & Onto and Illinois Central 2i1,
Reading 29s Atlantic Coast LING !. ana
Great Northern preferred. Anal ganaIed
Copper and Consolidated Gas
The stock market was denoralized dur
Ing the morning BY the court Injunction
against the western trunk line freight
rates, which were to nave gone into ef-
feet today, Liquidation was uninter.
rupted and prices melted away 81. PAU
-
Denver & RIO Grand So, Baltimore a
Ohio SIS. and Wabash preferred, the
Pacific and western rauroads generally.
Pennsylvania, AmHlgamated Copper,
American car and Consolidated Gas
TO 81.
noon when the bears covered shorts. The
rebound ran to point In the extreme
cases.
Bonds were weak
FractionaI additions to the rally
brought many OF the important stocks UP
TO within / TO IL Of their low prices
vigorous and there was absence Of
animation and excitement that attended
the slump. Reading second preferred
fell 5, and Westinghouse Electric 81.
The market closed slightly irregular.
The uncovered shorts began to find diff
hculty in binding stocns to cover shorts
and they had 10 advance their bids
Reading ana Wabash preferred rallied
and Southern Pacific "a. Rock Island 2Ss.
Louisville Nashville II Union Pacihc
and Baltimore 4 ohio 2h. Atchison and
Amaigsmatod Copper 2. Northern Pa
cihc. Southern Railway preferred and
Consolidated Gas a and other active
stocks to v. There were some fresh
recessions at the last
CHICAGO
Chicago. June Playing for a rally
was the most popular game today In the
wheat trade Weather in the spring
crop districts was not up to the stand
ara set by the most capuous. Foreign
markets had turned Hrm and the disturb
ing May deal was a thing of the past.
Announcement was made that all but 500
90 bushels OF the bull leaders holdings
I'm the old crop month had been sold.
Several strong arms showed themselves
openly friendly to an upward turn, at
least Temporarily. Dealers taking tho
opposite side were scattered and had lit
tie backing In the news except the Of
fetal crop report from oklahoma which.
however. made a fatterlng exhibit. The
D. T..sN..
fgpea OF Sas he Whole sG s az S to TSst
option later touched slta
Cool temperatures In the corn belt caus-
ed buying by commission houses. Frost
was reported in Illinois september open
ed = to u higher at 5sSs to n but re-
acted to oslsQA-
by the strength Of wheat and corn. Sep
TENDER started shade to AGs up at
IS y TO a and steadied at &lAH ~.
Because the hog market turned weak
there was rush to sell provisions but
the resulting declines were somewhat
overcome on the appearance OF a little
on with September delivery 2is2is 20
20 for pork l2.l5 to u. % for lard. and
" l2iz for ribs.
Wheat-Buyiug orders from the south
west helped prices up. Another bullish
influence WAS an estimate by local eN-
pert putting the combined winter and
RTng srsp s a. S3tS sSSsss ThG
RisMh, a net gain Of lnlh.
Corn-Receivers said that the country
was Offering little or no corn. Eastern
demand was reported improved The close
was steady. with September at 5sh qA,
a net gain OF ssdk
Cash corn: No. 2 SIN u SIS: No. 2 white.
6laL: No yellow. 5SIs a 50. No. 3, 57G y;
No 3 white, 6OpeDis No. yellow. 6sG n +;
No. 4, 52l4455i No white. $50 s.. No.
yellow, 52isd65ik.
Close-Rye-Cas 10 20: July. Is.
Rarley-Cash. 1905.
Timothy--Oct., 4.8f4.4o
Clover-N othing doing