The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1910-06-29
WALL STREET REVIEW.
BY Associated Press.

sto New York june 2SFrst prices Of
Of dealing was mo otRs and there We're
no violent declines in the leading active
stocks, and there was a sprinkling of
gains in stocks Of secondary Importance.
Atchison, American Car and American
Agricultural Chemical lost 1 and Read
Trading quoted down materially as
the recovery was extended until losses
We're reduced to fractions for the most
part. The good crop news from the corn
Island vas pfd Of 81 n and a s E
sold at g 49, gtss States e Ss
Paper and Northwestern /.
The selling of stocks was attributed to
general dissatisfaction, with tha aa business
ton in spring wheat. The tone was rather
unsteady at noon.
More buying orders were. distributed
and the market overcame its heaviness
for a time. The list began to sag again
later, the reaction from the rally reach
ing. point in some of the speculative
leaders.
There was a slow hardening move
ment in response to supporting orders
that brought prices back approximately
dull trading furnished a market contrast
to the early activity on the decline.
NEW YORK FUTURES.
New York, June 2S.-The cotton market
opened easy at decline of to points
under. active liquidation and bear press
ure inspired by weak cables, better
market. 1t was said that. July notices
amounting to about 900 bales We're be-
ing stopped by bull leaders, but there
was no sign If important support in the
market and offerings appeared to be
chiefly absorbed by the covering of re-
cent sellers and demand from spot
houses at the decline. The market ruled
irregular after the opening.
After selling off to net loss OF about
II to % points, offerings became a little
less urgent and a renewal of support from
the bull leaders, together with covering
by early sellers caused a rally OF to
points from the lowest with trading less
active late in the forenoon and prices at
midday showed a net loss Of from to
II points. Later estimates placed the
July notices at about 10000 bales, which
idly as they reached the bull houses. but
which probably caused some trailing
LIQUIDATION; while circulating through the
ported approximations of further troubles
in Lancanshire following the two small
mill failures yesterday.
ding uplands, 1875; nliddling gulf, 1920.
Sales, 800 bales.
The rally carried active positions up
finals shortly after midday. but was fol-
lowed by Wall street selling with a mar
ket easing off to net loss Of about 10
to Is points lower.
NEW ORLEANS FUTURES.
New Orleans. June 28.-Cotton futures
opened stead vat a decline of s to 16
points in sympathy with a sensationally
poor Liverpool market. The first call
was the most excited in several weeks
and brokers were swamped with orders,
many of which were from liquidating
longs After the call the decline on the
more active months was increased to 10
to II points, but good demand from
profit taking shorts sprung up and at
the end of the first hal flour Of trading
the market was tseadier and the decline
was checked. The July position in New
York was closely watched. but reports
that 1900 July notices had been issued
was not taken as a bearish feature.
The market became dull and in the
middle of the morning on was at times
absolutely inactive. Bears displayed no
desire to push any advantage gained by
the developments of the day and bulls
appeared to be resting on their oars.
Gossip was that the leading bulls were
determined to wait until the July con-
dftion report was out of the way before
showing their strength in the July posi-
ton Toward noon private cablegrams
were received from Liverpool stating that
run1ors of more failures among English
mills had been received, but little at
tentIon was paid to these stories owing
TO the exaggerations in this direction
Yesterday At noon the market was
quiet and steady at decline Of to
points