Ogden Daily Standard | 1909-02-23 | Page 1 | Weakness in the Local Stock Market

WEAKNESS IN THE LOCAL STOCK MARKET - B"U5? OF ATTACK BORNE Wf 3. STEEL AND METAL STOCKS. L? .9uLia Severo in Railroad LIstAk was borne by the United StaJs Stel StLl rmmCtal SVks- United State, Mnat th?.outset. later adding tf. Brr c""- Ualteu States Steel pre. ul ? V m08t two Plnta the inl. tial trading. nlull a,800ere neavy losses In Re. public Iron & steel Common and Pre- evT'if010"'10 ,el & on, Slnss Sheffield Steel. Amalgamated Copper. American Smelting, National Lead American locomotive and Consolidated Consoli-dated Gas. In the railroad list, the loasea were less severe although extending ex-tending to a point in Erie, Chesapeake & Ohio, and Reading. The list showed further weakness later, but with evidence evi-dence of support in the rallwav group. During tho noon hour, the stock market suffered another severe decline in prices, concurrent with advices from Washington that the United States supreme court had rendered against the New York Central railroad and the American Sugar company. United States Steel common sold a low as 42 5-S, a loss from Saturdays closing of 3 3-8 points. Reading was 3 1-2- points below the opening and the Harrlman stocks as well as the general active list fell to a lower level. Trading' during mid-day .was in very heavy volume and bore . the mart oX liquidation. , -