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Show I SMASH IN P2HCES. Trouble Raged Around Amalgamated Copper and TJ. S. Steel. 1 NEW YORK. Dec. 12. There was another an-other opening smash of prices on the stock exchange today, the trouble again centering in Amalgamated Copper. Heavy unloading of that .vtock carried It down 4, and 20,000 shares of United States Steel sold down an extreme 1! - on running sales. St. Paul dropped 2 points on two successive suc-cessive sales, and there were opening losses all the way from 1 to 1 In the leading Pacifies, grangers, coalers trunk lines and specialties. The market fluctuated fluc-tuated unevenly after the opening and then went lower. The London price for Americans before be-fore the opening here were generally higher and gave no hint of the storm hanging over this market. Though nothing like last Thursday's demoralization followed, nevertheless the feeling was one of vague alarm. Brokers operating for Boston were said to have sold Copper and other im stocks extensively. There were some-Ill some-Ill vigorous efforts made to support the m market, but by 11 o'clock there was an-iBV an-iBV ther bad break. Amalgamated slumped 8 G from Saturday's closing. Sugar fell 5?4, Tennessee Coal and Brooklyn Transit Tran-sit fi, Colorado Fuel 4?i, St. Paul Itf. United States Steel preferred 4, Reading Read-ing 3. Union Pacific 3, United Status Steel preferred 2-i, Southern Pacific and Baltimore & Ohio 2, Leather preferred pre-ferred 2ii, and Erie, the llrst preferred, Louisville & Nashville. Rook Island, Leather, Missouri Pacific and New York Central 2-l. Came no a Surprise. The extreme weakness of the market came us a general surprise to all observers ob-servers In the financial district. The vigorous rally of the latter part of the paat week encouraged the Idea that the demoralization was over for the present nnd effective advances In London this morning furthered this view. It was not expected that there would be a great rise In stocks today, and It was even anticipated that there might bo a dull, sagging movement, according to tho usual precedents In such cases. There was no news to account for tho renewed fright, but the movement of prices was convincing evidence of the timidity felt by security holders. The renewal of sensational proclamations proclama-tions through advertising mediums from the samo source that preceded the successful suc-cessful raid of last week had a notable effect on sentiment. The selling was general from all bources. The offerings of money at 3Vi per cent on call showed that no stringency strin-gency In that department was responsible respon-sible for the liquidation. An enormous amount of selling orders came Into the market at the opening, and later when It waB saen that the dcrs Increased from every quarter. One of tho best-known commission houses reported sales of 125.000 shares of the active Issues In the first half hour. The Western houses, those with Pittsburg, Cleveland and Chicago connections, were among the largest sellers of Steel. For obvious reasons, a great deal of unloading un-loading In Amalgamated Copper came from New England. Brokers Couldn't Believe It, Many brokers professed surprise at the extent of today's break. They were loth to bclle-vc that any Individual manipulator ma-nipulator could bo responsible for the decline. The absence of support In most of tho high-class stocks In the first hour was largely responsible for the sharp declines. Nevertheless there was quiet buying on a small scale. This was particularly true of Norfolk & Western. St. Paul, Baltimore & Ohio and the Pacifies. Pa-cifies. Call money opened at 3 to 3Vj-It 3Vj-It was freely offered before noon at 3 per cent. There war; a lively bound In prices of stocks after the liquidation had spent its force. A score of stocks recovered from 1 to'1'31 points from the lowest. Sugar's rally was 3Vi.. United States Steel preferred 2V and Brooklyn Transit. Tran-sit. Colorado Fuel, Tennessee Coal, Norfolk Nor-folk & Western, Amalgamated Copper and Reading from 1 to over 2 points. The buying demand showed no Inclination Inclina-tion to follow prices to the higher level, and the market was comparatively quiet by noon, but the tone continued feverish. Greene Copper closed around 23, after Its late recovery to 24. |