OCR Text |
Show VALLCIaEET ON TOBOGGAN j NEW YORK, - April 10. The opening dealings showed some pressure of long stock and considerable declines resulted. I Stocks were unloaded In great volume in all directions with occasional feverish rallies ral-lies on bear profit-taking. Amalgamated Copper with an Intervening rally of a point fell nearly I points and Smelting J. Union Pacific dropped ' with blocks of 300 to 7000 shares coming out. New York Central lost XV, and St. Paul 3V Tennessee Ten-nessee Coal fell 34. Bloss-Shefneld J, Colorado Colo-rado Fuel 2 and United States Steel preferred pre-ferred Illinois Central's loss was 2Vfc Northwestern 3?. Delaware & Hudson 2. while declines of 1 to 2 were almost universal. uni-versal. Chicago, St. Paul. Minneapolis it Omaha dropped 4. Northern Securities on the curb sold off over 4 points. There were some fitful rallies again before noon. Bonds became easy In sympathy with the break in stocks. . i , The apparent paralysis of the demand made the bears bold and their attack dislodged dis-lodged enormous stop-loss orders. ' Prices crumbled rapidly and holders became alarmed and threw" over their stocks. The break in St. Paul reached 64 Union Pacific Pa-cific 4-". New Tork Central 44. Metropolitan Metropoli-tan Securities 4W Smelting, Colorado Fuel and Tennessee Coal and Iron 4. Amalgamated Amal-gamated Copper, Chesapeake A Ohio, Norfolk A western and Reading were among those losing between I and 4 points. There were rallies again running to a point before the hour expired. - Prices sagged again after a dull and steady interval, but did not get lower than before. The resistance shown Induced In-duced some covering by shorts and a more effective rally followed. 8t. Paul and Atlantic At-lantic Coast Line recovered 3. Union Pacific Pa-cific and Amalgamated Copper recovered 14 and quite a number of others a point. The market showed some softness again before 2 o'clock. Prices melted away again In a threatening threaten-ing manner to about the lowest when call money Hurried. There was strong resistance resist-ance which rallied St Paul to above 181 and lifted L. & N. to 149. Enormous blocks came out again and prices went down. St. Paul. New. York Central and Amalgamated Amalga-mated Copper broke through their previous previ-ous low levels, St. Paul losing 6. New York Central BM. Union Pacific 6 and Amalgamated Copper 4H- The closing was exceeding active and weak. Atchison. 86; preferred. 103: Baltimore & Ohio, 1084; Canadian Pacific, 151; Chicago Chi-cago A Alton. 39; preferred. 80: Chicago & Northwestern, 236: Colorado Southern, 28; Denver A Rio Grande, 33; preferred, 8SU; Erie, 4414; Illinois Central, 163; Louisville Louis-ville & Nashville, 146; Manhattan L, 164; Mexican Central, 23; Metropolitan Street Ry.. 1204: Missouri Pacific, 104V. New York Central, 151; Pennsylvania, 141H; Reading, 94; Rock Island, 33; preferred. pre-ferred. 77; Southern Pacific. 64; Southern Ry., 34; Union Pacific, 127; preferred, 99; Wabash, 21; Wisconsin Central, 23; Amalgamated Copper. 83; American Car and Foundry, 40; American Locomotive, 67; American Smelting and Refining. 116H; preferred. 121; Brooklyn Rapid Transit, 66; Colorado Fuel and Iron, 63; International Interna-tional Paper, 22; National Biscuit, 62; National Lead, 48; Northern Securities. 166: Pacific Mail. 41; People's Gas. 109; Pressed Steel Car, 42;. Pullman Palace Car, 241; Standard Oil, 628; Sugar, 140; Tennessee Coal and Iron. 97; United States Steel, 35; preferred, 101T4; Western Union, 92. Kansas City Cattle. KANSAS CITY. Mo.. April 20. Cattle Receipts, 4000; market slow; native steers, $4.7586.60; native cows and heifers. J2.50 6.35; stackers and feeders. J3.0O35.25; bulls, J2.75S4.75; calves, J3.O066.00; Western fed steers, J5.00&6.40; Western fed cows, ,$3.K8 C.40. . , Hogs Receipts, 7000; market Be lower; bulk of sales, J5.20-56.35; heavy, J5.305.37H; packers, J5.2a5.37H; plg and light, J4.40 6.30. Sheep Receipts, 4000; steady: muttons, J4.&.00; lambs, J6.0OI&7.5O: range wethers, J5.0OC6.65; fed ewes. J4.506.75. SI S-fSBBBM Chicago Grain. CHICAGO. April 20. A break of 6 cents a bushel occurred here In the price of wheat for May delivery. The sharp reaction reac-tion was said to be due to heavy liquidation liquida-tion by a number of discouraged holders. The action of the market today gave Indications In-dications of a possible abandonment by the Wall street coterie of the deal in May wheat. No evidence was discernible, however, of any concerted selling movement move-ment on the part of the Eastern speculators. specu-lators. May opened at J1.13&l.lStt. and for a time held comparatively steady. Later sentiment In the pit became extremely bearish, and prices rapidly declined until May touched J1.0SV4. Distant deliveries also were weak, influenced to a large extent ex-tent by general ralria throughout the winter win-ter wheat belt. ' Later under heavv liquidation, the May option broke sharply, the price declining b cents from the highest point of the day. Selling was general and was participated In by a number of commission-houses supposed to be operating for the Wall street clique. The lowest point reached was at Jl.OS'4. Meantime July sold off to 86Sc During the last few minutes the market rallied slightly on covering by shorts, but the close was weak, with May off S at $1.10. July closed at 87H.4j87Vic. a net loss of 8ViC.' In corn the market closed steady, with July up HWi at 4TV 47ic July oats opened V&'ViC lower at 4&29e, and sold up to 2iHe. July pork was off 2 at $12.76 at the opening, lard was unchanged to a shade lower, and ribs were off a shade. Close: Wheat May. $1.10: July, 87Vtf7c; September. SWic Corn April. 47c; May. 47,Vs4.Nc; July. 47tfcra47V:; September. 47SS47iiC. Oats-May. Oats-May. -Wic: July. 2!V&29Vc; September, 2s-i2c. Pork May, Jli46; July, J12.5: September, $12.87i. Lard-May. $7.1&g 7 i7i July. $7.32,,vri'7.35; September, $7.4S tf7.50. Ribs May, $6.90; July, $7.171i: September. Sep-tember. $7.37. Rye-April. .8 c. Flax-Cash. Flax-Cash. Northwest, $1.40. Timothy April. $2.9U&3.00. Clover-April. $14.00. Barley s'hfheat-No. 2 red. L.13H: No. 3 red. $l.uu&1.12; No. 2 hard $1.11&1.1S; No. I hard, 97SH.10H; J ,rt,'2rn: ,L4 61.14: No. 2 Northern. $1.073;1.12; No. 3 soring $1.&1.12. Corn No. 2. 4S-W4c; No. 3. S47ttc. Oats-No. 2. S-fec; No 3, Z9i((iiC. New York Money. NEW YORK, April 20.-Close: Money on call strong and higher. 6 per cent, closing bid 5. offered 5v per cent, lime loans slightly easier: sixty anl,ninety days. 3Vj3b per cent; six months, 3'4 per cent. Prime mercantile paper. g 44 per cent. Sterling exchange steady with actual business in bankers' bills at JI.W.L'O',,4.86.25 for demand and at J4.M.4DS4 S4.50 for sixty duv bills. Posted rates, J4.8p4.8.. Commercial bills. $4.S4Va- MV Bar silver. 57c. Mexican dollars. 44'jc Government bonds, steady; railroad bonds, weak. New York Produce. NEW YORK. April 20 -"""JT!"" renovated common to extra, l.&nc.. est-ern est-ern lmltstlon creamery. common to choice. abSW- Cheese and esgs. unchanged. un-changed. Omaha Cattle. SOUTH OMAHA, April 20-Cattle-Re-celpts 25.00; market slow to 10c lower; native na-tive steers. $4.5l6.50; cows and heifers. $3.605.10: Western steers. $3.6u&5.S0. canners can-ners $3 003.50: stockers and. feeders, $-.. ttS.OO; calves. $2.7i'?6.25; bulls, stags, etc., Hogs-Receipts 7500; market shhde to Bo lower; heavy. $T..2ti86.32: mixed $o.2t9 5.25: light $5.20r6.30; pig. $4.(&Wa.2o; bulk of sales, $5.20iS6.25. ..-.. Sheep Receipts 1200;l market steady to easier; Western yearlings, $ti.006.0; ewfi, $5.005.50; wethers. $5.30&a.W; lambs. $6.fc 07.40., . St. Louis Wool. ST. LOUIS. April 20.-Wool-pull: Territory Terri-tory "and Western mediums, 22ff23c; fine medium, 17ffl8c; fine, 1&&17C . . t |