Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-25
SELLING ORDERS
FLOODED MARKET

Ne York. Jan. 25-Promptly at tho
opening OF the stock market today there
came flood OF liquidation which broke
prices severely I'm all directions and
caused great disorder in the trading
There was no prcmontIon OF the yio-
lence OF the decline in the London mar
kct before the opening here. Changes in
quotation OF Americans there varied
from small fractional losses to small
fractional advances. Reports of the gov
crnmcnts antitrust program and the
belief that the government would win
the expected decisions In the American
Tobacco and Standard OIL cases before
the supreme court were tho accepted ex-
plantations OF the selling.
Tho active speculative stocks, such as
the Pacific railroads. Reading. Chesa-
poake G Ohio. United States Steel and
Amalgaamted Copper were the severest
sufferers.
A sale at the opening OF 100 shares of
United States Steel at S4ls and of 200
shares at 81 werc not recorded until
some time afterword. being lost in the
rush OF simultaneous soles of 12.00
with Si@. for the last price yesterday
The stocks extreme decline reached
2lz.
Chesapeake & Ohio and American Beet
national Harvester 4. Amnlgamated Cop
per ga. Union Pacific 3. General I5lec-
trio and International Pump 2. South
crn Pacinc pa and tho list generally
during the first hour were fevorlsh and
unsettled, substantial rallies being mixed
with fresh and violent declines at new
points. Transactions were on largo
scale throughout
A violent break in prices of stocks oc-
CURED In the opening dealings under a
flood of selling orders. Tho most active
speculative fayor1es were most vulner-
AfT ~
a few minutes of the opening. Interna-
tional Harvester AZ and Chesapeake d
Ohio sh, Amalgamated Copper ~,
General Electric and union Pacinc 2hzs
ern g Southern Pacific TX and Ameri-
can Smelling and Utah Copper II. In
United States Steel there were sales OF
l2GIo shares at Sk to S2s. compared
with S3t yesterday,
Furious activity continued through
out the first hour and severe declines
were made in many stocks, The break
In Chesapeake & OHIO reached Az. Con-
Amalgamated Copper 3h. American
Smelling 3, Southern Pacific and United
states Steel 2f4 General Electric and
International Pump 2le, ROCK Island
and practically all the active stocks
from / to points Fcverish rallies from
time to time were followed by renewed
outpouring of stocks and fresh breaks
In prices
There came a pause in the flood of
liquidation towards noon and prices ral-
He'd slightly, bringing down the rate OF
activity at once. UD to tho time there
dated Gas to G.. American Beet Sugar
6Il Union Pacific SIS, Amalgamated
Copper an American Smelling and Ma
tional Lead AZ. American l.inseed pre-
ferred 4 and Southern Pacific, Atlantic
Coast Line. Pittsburg Coal preferred.
Rock Island preferred. Alton Great
Northern Ore Certificates. General Elec-
tric. Pullman and Utah Copper TO 33e
Bonds were weak
Although there was a rally oil from
/ 10 IL In the active stocks. there was
a steady dribble of liquidation In tne
minor stocks New York. Chicago * ST
Louis and Wells-FarGo Exprcss siuInpgio il
5. Nashville. Chattanooga & ut. Louis
AZ. Great Northern Ore Certificates and
American Car L. Denver & Rio Grande
and American Beet Sugar preferred "a.
motive 3L and Kansas City Southern
preferred, Central Leather, American
Steel Foundries and Virglnia-Carolina
Chemical g.
Trading was comparatively lIght our
Ing the hour but the important stocks
held their recovery until lust eelore L
O'Clock when Reading dipped 5h,
The general market resisted the drive
against Reading and then ralIlea Tss-
orously. Union Pacific. southern Pacific.
Reading Chesapeake & Ohio. United
States Steel and Consolidated Gas ral-
living to Pa Some more selling or
ders were distributed at the high level
OF tho recovery and prices shaded OIL
fraction, but came up again.
The market closed Yeak and near the
lowest The rally in prices reached It's
limits the final hour and selling was
then renewed. Prices recedcd again with
some rapidity, Kansas * Texas pre-
ferred and National Biscuit declined 3S
and Colorado Fuel Sh In some cases
the reaction carried prices back to tie
lowest. Union Pacific receding below 1874