New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-02-08
STOCK PRICES BRE1k
Federal Incorporation R'H
.fmong .4Uegcd Causes.

The stock market suffered another severe
stump Yesterday, prices Of many OF the
leading issues declining under the low
levels touched on Thursday Of last week.
erd peiu- from 70 5 points under the clos
ing prices on Saturday. There was sharp
,ally- III the last hour on profit taking by
the shorts, aud under II the leading indus
trial and railroad stocks advanced : 10 ,
7,oiuts from the low point Of the DAY. but
renewal Of selling orders in she last few
minutes CT trading y iped out most q these
gains, and final prices we're not far trom
- lowest Of the session. the net declines
ranging from &c 81, points in the active
issues.
There MS surprising absence yesterday
- the ruuers that generally accompany q
severe break in the market No reports OF
irseendEns failures. such as accompanied
last weeks market slump. were IN clrcu-
ls-icr. snd 10 one seemed % know the
cause for the heavy selling. which was the
feature cf the stock market throughout the
Ga.
some attributed il TO The Introduction
irte Congress Of tho federal Incorporation
bill eur as draft Of This bill had been
Fohlished some weeks ago and its terms
we're more or lass familiar to the Street.
PLANTATION for the break. although II prob
bly, rad something % do with Il
Saturdays hank statement, showing 4
sla.eaao GO loss in cash also vas believed to
ne factor in tho decline. Tho loss Of cash
r,Izzle6 the Street Which did not seem to
know JUS, what II meant. and the absence
q satisfaction explanation ~ the mat
ter had its effect on sentiment.
Tins 70 sell sucl and such q stock hcay-
sir~ and other ~ 4 Ike nature sent ont
sucnyrnouzl,- over the telephone 20 various
srclerss= houses. while not taken serious
= by -he broker themselves proba bly, had
Tho effect o. inducing some oc their Gus
formers 10 sell. thus adding to the general
'5quiaation from which the market ap-
pnsre5 - ao suffering. In fact. IT va= 70
liquidation and hear selling that the dc
cline -n prices Vas generally attributed.
ire greatest decline Vas in Amal-a-
mated Copper. ~hich suffered a maximum
fa'i - a. ..oin's. going to H., a. against
- ths Previn-- low point Of the vear.
touched last Thurzdav. and closed a. -.
q 'et los Of 81. points Tor the ds-- Steel
c~1mcu. which vas tie most active stock
81 fhc lis moro than d quarter Of the
total ssles Of 1865 So shares being in this
issue dropped - 15l-- - against . previous
iaW feT Tie yesr cf 80. and closed Al the
low point. - ga. ms under Saturdays final
figure.
orlc- stocks that ns5c nov Low records
fo- the movement were American Smelling
End Refining. vhfch touched 81. Union
Fsci5e. Ia. southern Pacific. 1eas,: -
Paul. ia+'4. A'-lison. IL. and pcnnsyl-
esnis. l-a@s Thess prices acre. respective
~. g. :. -. u. "a and L. points under
The former Iosv records fer tle year. some
o. tha Other stock equalled or tell below
-hei- previous Tow lecprds for the year and
The o,sol2 list showed net declines ~ he
c-cse running from good sized fractions I'D
10 more ;han points.
Tie recent heavy selling q United States
S1ecl "cDlr7eR stock. aHde- q hica tho mar
ber valte of the issue has declined many
points. Is reported % have been mainly for
acco;l~t II a market operator who. in ;le
IA TWO wears, according Ia one OF the Wall
street Bows bureaus. has made a record as
The biggest stock market pluuger the
word has ever known
This nam. nho = identified ia current
Wall street gossip a. well known pub
81 her j. zsid t. have carried al oue time
between 5p@s and as shares Of Stee.
coIGn"U and 10 nave had paper profits 81
S @.-.yej a. Tie high point. lie held on 10
his entire linc. the story goes. until The
stock touched ~ on the way down from lis
high record Of az, and nearly 100000 Of