OCR Text |
Show DOWNWARD TENDENCY NEW YORK, March JS-Openlng prices -of railroad stocks wera fractionally below - Satu liar's close, with Union Padflo ma-king ma-king .exceptional lone of a point.' St. Paul and a few of the local tractions and iron and steel stocks wer silently better. Trading was quiet, and not very ' well distributed. Traders sold the Pacifies and transcontinental stocks, and their weakness weak-ness served to drag down the ' general market. Southern Paclfio and Canadian Pacific lost a point, and there was considerable consid-erable pressure against Atchison. Rock Island and Baltimore A. Ohio. Mexican Central advanced to 29 cents on larce dealings, while Consolidated Gas, General Electrlc, North American and Anaconda yielded 11V4. Prices receded steadily on small offerings and by noon a number of the speculative favorites were ruling a point or more below last week's close. Professional operators professed to be disappointed at the lack of response to Saturday's bank statement and the general gen-eral easier money conditions and sold the market. An urgent demand for Southern South-ern Pacific developed Just before noon, and the stock rapidly rose from 63 to 65. with a spread from 634, to 64ft on one transaction of 100 shares. Bonds were irregular. The sluggtshr.fss of the trading encouraged encour-aged renewed bear attacks In the closing, hour, and the market went en sharply ea Increased dealings. St Paul, Rock Ifcla -Cd. New York Central, Reading. Missouri Iw-clflc Iw-clflc and several other Important stocys sold at the lowest of the day. New Torf k. New Haven it Hartford dropped 3V ": closing was weak. v Hasty covering carried Southern Paclfio to 66. where it held only an Instant, as profit-taking wiped out the gain. It soon crossed 65 again and became doll and steady. The general list, which had rallied a fraction when Southern Pacific started upward, became hestltating when that stock became erratic and trading fell off almost to a standstill. Trading during the afternoon wis featureless fea-tureless aside from a rise of a point In Wabash preferred. Closing stocks. Atchison, 824; preferred. 99; Baltimore. 4c Ohio, 93": Canadian Pacific, Pa-cific, lSWfc; Chicago A Alton. 32H: pre- ferred. 70; Chicago & Northwestern, lS7"v, Colorado Southern, 274; Denver A Rio Grande, Hhb: preferred. 87; Erie, 35: Illinois Il-linois Central, 1404; Louisville & Nashville, Nash-ville, 12H; Manhattan L, 13 ; Metropolitan Metropoli-tan Street Railway. 138U: Mexican Central. Cen-tral. J7"t; Missouri Pacific. 1O04; New York Central, 137; Pennsylvania. 143V, Reading, 90 ; Rock Island. 454: preferred. TTH; Bt, Paul. 1704; Southern Pacific 63V. Southern Railway. 32; Union Pacific. 93; preferred, 9U4; Wabash, 284: Wisconsin Central, 36; Amalgamated Copper. 72H; American Car and Foundry, 40V American Ameri-can Locomotive, 28V. American Smelting and Refining 49; preferred. 94; Brooklyn Rapid Transit, CiV. Colorado Fuel and Iron, 17V National Biscuit. 27H: National Lead. 14: Northern Securities. 3X; Pacific Pa-cific Mall. 10T4; People's Gas, 62V. Pressed Steel Car, 120; Pull-nan Palace Car. 685; Sugar' 125V Tennessee Coal and Iron, tJTV. United States Steel, STVi; Western Union, 88V New York Wheat. NEW YORK. March 23.-Whea.t- Receipts. Re-ceipts. 16.150 bushels. Opened steady on cables and cold weather, but toward noon yielded to renewed pressure. May, 77ffl 78 3-16c; July, 75S7 13-16c; September. 74 &7c New York Produce. , NEW YORK. March 23. Bnnerfr celpts. 5700 packages; steady. State daory, 16b27c; creamery, 29c; June creamery. Is Eggs Receipts. 23,300 packages; easy. State and Tennesee. 14c; Western un-csndled un-csndled fancy, 11. Sugar Raw, steady. Fair refining. Sc; centrifugal. 96-test, 3 11 -16c; molasj.-s sugar, 2 15-16c; refined, steady; crushed, 35.40: powdered. $4.90; granulated. $4.80. Coffee Quiet. No. 7 Rio, 6c Honey on CalL NEW YORK. March 23. Noon. Money on call, steady at h per cent. Prime mercantile mercan-tile paper, 54 per cent. Sterling exchange, steady with actual business In bankers' bills at t4.8794.S7.2S for demand and at 34.84 for sixty days. Posted rates. t4.S4SS4.85 and $4.88. Comnerclai bills. $4.834. 84V Mexican dollars, 3&tC Government bonds, steady. Refunding 2s. registered. 107; refunding re-funding 2s coupon. 1074; Ss registered. 107V; 3s coupon. 108; new 4s registered. 135V' new 4s coupon. 136V old 4s registered. regis-tered. 108V old 4s coupon. 109; 5s registered, regis-tered, 103V. 6s coupon, 1USV |