Salt Lake Tribune | 1914-06-03 | Page 11 | New York Market Breaks under Unfavorable News

NEW YORK M AR KeTbeAK5" UNDER UNFAVORABLE NEWS Moderate Liquidation of Stocks on Hxchane Comes as a Result of Lack of Buying Orders. j 15 v l.ROADAN WALL. B" 1 1 1 1 1! iut I UMIH I NfS Sfi'Vli't. NKW YOKK. Juiu- -Toiluy's ni.uk.-!, I'vMiib.inii-tl by unta vorttMi new s, n.i vo w:tv In 1 lit- luto iradiiji;, Movltruto liiiil-dation liiiil-dation dis!o.--t't 1 'Oi'r iipiHirt. Hr.irn taKlni; a.h antHi;e vi the lacK f buyinf; 01, I.MS f.MV.'d 1 1 o rfai-li.M'. Ttio eloe .vliowcvi rt 0v (-ni with in-dilations in-dilations that (ho d.'.-lliio maN' run mr-thr-r bt'i'or a tvrovorv can lf cxpf. lcd. New llrtvrn .tiHcltntt ha Ulscour-! Ulscour-! (Ut'Ktitldei n. I .l.i uhmtlun 1 11 i he stuck, siihpcuded on the hope tlnit a 1 lid III tit nielli 1 1 1 U; 1 1 1 frstiu'e 1 1 it HlncU ti II U f.ulv dividend basis, lw una In in ev ide Mr'. I'lidei- jtressurt, I Iiimu Imut the dn the price declined fiiuii lit. to en i tv I UK I ! 1 1 1 1 1 1 Iimis well below the pievimi.-, uv I'iM'ires established In Maich last. Missouri Pacific Spurts. With a rquirt ti t tlm oiuuilnK. Mlw.souri Pa'dftc Hi. Id at 1 18. dropping later to INj. The siicce;-s. ul extension of tho notes will Utvi the directing ,h'2 invn nnue to arec upon a plan of read .1 uM mci 1 1 for t ht pio-erty pio-erty As his will no doubt necessitate rt lu'ii vv assesMneiit eentimlK. a fiutlier decline is con.-id.'ied highly probable. StockholdeiM In lialtimote .V- Ohio are face to face with an i ll eM I ua t Ion of tlf riii-Mnnatl, Ilaimlton 1 uvton deal. Not a pie. intuit prospect. A dfclwlon troiu (lie liltiiiest court on the ritlit of Pnlon pacific pa-cific to diMribute Its lioldlhk-s of Haltt-innre Haltt-innre , Ohio to its stockholders will bnnn liquidation when the final declee is rendered, and added to thea complications complica-tions (lie cuiiiini ny will be In need of funds iiih! t lie.-e. w ill not be readilv obtained ob-tained with the present attitude of investors. in-vestors. Steel Is Heavy. St eel was hen vv. dropping below AO in 1 spite of optimistic news fr-un the trade I'nion Pacific fell from lf.;i to K':.i hi id lucked support. "oal stocks were weak. Lehth alley InMrig- I'i and HeadtHK 1 r m nad Ian I'aclfic iliMppe.l twi point a on 1 foreign sell) up and copper stocks declined on reports of utter m.ik na t ion in the market for the metal. Pond.i were 1 r reiyu r. lbck Islaml I -belitures were weak n lid Missouri I "rt ' I fl ' convertible ;,s firm. Railroad earnlntsS for Anrll were mixed. Missouri P.ieUic decreased jnail.ii.iO h nd $ 1 1.4. "' 0 net. i'hlca i;n tfc Alton de- j creased Jlll.O'Mi sniss. but lncre.i-r-ed n-'t ! I Increasing (oMlvltv with declining prices i is tin uniavorable market n'li.litl.'H highly i discoura mm; to the tew optimists b-fl Confidence lv at n eMreni ly low ebb j and the stock market is in no poslUun to with.stand a fresh outburst of liquidation.