OCR Text |
Show DEPRESSICii-f ; INSTOCKd . NEW .YORK,, March 7. The opening prices were generally a fraction lower than last night. Depression In London had a sympathetic effect here. Canadian Cana-dian Pacific was down 1 and the transcontinental stocks and B. A O. were notably affected. The insignificant insignifi-cant character of the d-emand aftee yesterday's late substantial rally chilled bull operators, and prices fluctuated fluc-tuated narrowly and irregularly. Missouri Mis-souri Pacific was bid up to 110. but did not hold and there was some liquidation in the Pacifies, Southerns and soft coal stocks. Amalgamated ran off a point below the opening and Kansas A Texas preferred. Norfolk A Western. Southern Railway preferred, St. Louis San Francisco and Leather preferred sold a point or more below last night. General Electric fell 2. There were fractional recoveries before the hour expired. The market sagged slowly until the publication of the bank statement. The disclosure of a reduction In the surplus reserves on deposit excluding United States deposits to less than J1.000,0rio r brought out free offerings all throusN the list. Net declines for all the prin-J ' dpal atoeks ran from 1 to 3 points sr. over in St. Paul. Union Pacific, Can V . dlan Pacific. Rock Island and St. Lout A A San Francisco. Some effort at sup- " port was evident, but the selling broke through and the closing was very active and weak. , ' sii . |