Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-07-25
MARKET WEAK At
CLOSE, PRICES
SLIGHTLY LOWER
American Hide and Leather Pre-
ferred Falls 4 POints-Others
on List in Sympathy.

NEW YORK, July 25.-The stock
market showed the effects of moderate
selling pressure in the opening deal
ings. The declines were held within
fractional limits for the most part, but
Erie second preferred lost III, Rock
Island and Consolidated Gas IL, and
Atchison and Laclede Gas a point.
There were large fractional declines
also in Reading, Chesapeake and Ohio,
st. Paul, Southern Railway preferred,
U. s. Steel preferred. American Car
and some Of the minor stocks.
The demand from uncovered shorts
was sufficient at II o'clock to pull
up prices after the opening to about a
parity with Saturdays closing prices.
Increased selling orders then appeared,
and the market yielded again. u. s.
Steel had a very broad market about
IS. but sold a fraction below that. New
York Central and international Har-
vester were lifted a point, but lost 1t.
American Locomotive and Westing-
house Electric lost ~. Sloss-Shefield
Steel 2, Illinois Central and Wabash
IN, Rock Island preferred and Chi
cago Great Western preferred 1h;
Pennsylvania and u. s. Steel preferred
Ia, Union Pacific and Southern Pa
ci1c ~. and many others a point or
more. There was some recovery before
the hour ended.
A sharp advance in the price of corn
offered a new subject of solicitude to
the stock market. Tomorrow's stock
market settlement in London was an
occasion for anxiety abroad. A de-
crease In earnings for the June quarter
is expected in tomorrow's report of the
U. 8. Steel Corporation. Cleveland, C.
C. and st. Louis lost 2h. u. S. Rubber
IN. Allis-Chalmers preferred 2, Atchi-
son Ia. Louisville and Nashville and
Norfolk and Western III, American Car
and Atchison preferred IL, and u. s.
Steel IN. Trading became dull on IN
other rally. The coppers showed re-
sistance to the depression. Bonds were
easy.
l p. m.-The tone of the market be-
came steadier. Union Pacific recovered
all its loss and National Lead rose one
over Saturdays closing price.
Norfolk and Western fell 8, American
Agricultural Chemical 2M, North
American 2 and Delaware and Hudson
and Brooklyn Union Gas III.
A drive against the coppers forced
~Amalgamated Copper rs under Satur-
day and American Smelling and Utah
Copper 1. This proved unsuccessful in
~dislodging stock, and a quick rebound
followed.
The general list rose higher than or
the previous rally. Union Pacific got
a point over Saturday. Sloss-Shefield
Steel lost ~, Westinghouse Electric
81. Mercantile Marine preferred 81,
Colorado and Southern and American
Cotton oil preferred "a and Texas Pa
ci1c tx.
The market closed weak and active.
Atchison in the last hour of the ses-
sion sold off 3% and Rock Island 2, in
response to the strength OF corn.
There vas a drop in Sloss-Sheffield
Steel of 5, American Locomotive Az,
American Hide and Leather preferred
4, Consolidated Gas az, American Car
2% and Rock Island preferred and In
ternational Pump 21s. The ~recessions
of the general list In sympathy reached
about the early low point. Great
Northern Ore certificates ros over a
point.