Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-19
MARKET CLOSED
FUR|OUsLY ACTIVE

New York. Jan. 1s.-The opening re-
bound in prices OF stocks today wns
quite violent. especially in those stocks
which were most depressed yesterday.
Louisville & Nashville was run up "a.
Northern Pacific Ia. Southern Pacific
and Canadian Pacific IL. Great North
crn preferred. Rock Island. Baltimore
& Ohio and AmAlgamnted Copper l.
and ST. Paul. Reading. Western Mary
land and American Smelling large frac-
lions. There WAS a sprinkl.ng OF de-
cllncs which ran 10 large fractions.
Great Northern preferred and North
ern Pacific lost their gains Immediately
after the opening.
The pressure against the Hill stocks
was abandoned for a time and they got
back to their high figures. later whole
sale liquidation In the Inte1-borouGh-
metropolitan stocks which cost the
common ~ and the preferred 3&
caused a general reaction which ran
to point In many OF the prominent
stocks. Chicago Great Western. West
ern Maryland certificates and Pullman
declined /.
lively selling movement carried
prices below yesterdays level through
out the list, Heavy liquidation In tho
'hbNi anu
the violent declines In Hooking Coal
on sales OF small lots were weakening
factors. Hooking Coal tumbled 27A
Intcrborough-Met 31a: the
preferred. .; 500 Line. AZ, and Reading
& Chesapeake & Ohio, Kansas & Texas,
Republic Steel, United States Rubber
and others. l.
Bonds were irregular
Prices broke all-round In sympathy
plth m co1ln n Jorlrinn
which reached 53h points. Tho average
losses In the list run to between l and
2 points and in Interborough-M Mctropol
tan amounted to 3Es, the preferred fall
ing 51s points Pittsburg Coal fell 4,
Chesapeake & Ohio. 3A and Westng
house Electric, 2&.
The selling had exhausted Itself In
the course OF less than an hour and n
violent rally enSued with q rush of
shorts to cover. The losses in the
general list were entirely wiped out by
this rebound in some of the principal
special stocks.
New York. Jan. 19.-The disorderly
liquidation in Hooking Coal broke
prices in the whole list. Declines rang
ed quite generally from l to points
and in Minneapolis. st Louis & Sault
st. Marie and Pittsburg coal reached
4, the preferred o. Chesapeake &
= ~ y
rush of shorts to cover caused a
violent rally during the noon hour
but tha announcement OF n second
stock exchange failure caused prices
to run off again and left the tone very
unsettled.
Hooking Coal sold as low as 25 COM
pared with S7A, yesterdays final price.
Liquidation was actively pursued
throughout the list. Some of the nota-
Bile declines were: American Express,
20; Central Railroad of New Jersey, s,
Consolidated Gas. 7A Chicago. st.
Paul, Minneapolis e Omaha, 3; Toledo.
st, Louis & Western, preferred. 43s
Reading and Western Maryland certlfi-
Gates. 2M and Laclede Gas, 2ha.
Colorado Fuel preferred sold at an
advance of Z.
The market closed furously actIvo
and with a rally in progress. The
bears centered their final attack on the
more standard stocks and forced de-
clines of between 2 and 3 points in
Union Pacific, Southern Pacific. At
Gibson. Wabash preferred, New York
Central, Atlantic Coast Line. Rock Is
land. United States Steel. Almagamat-
ed Copper. American Smelling, AmerI-
can Locomotive and others. Delaware
e Hudson dropped four and Console
dated Gas 81. Demand from the bears
to cover shorts became very active at
the decline and rallied prices quite
vigorously,