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Show momr : 'L ;niG ,ay IN VALi; w iTvG jT; Go?2Eu : 'JSST!lGNGLYIIAi;ii(iED 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 ttat stock carried it down 4F and 20,000 ehares of L'nitel gtates Steel sold down an extreme li n running sales. ' ' , ' St. Paul dropped 3 points on two Successive Suc-cessive sales, and there were opening losses all the way fro in 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 demoralisation - fc "awed, nevertheless the feeling was c of vague alarm. . Brokers . opera. ..g for Boston were said to have. soil Copper and other stocks extensively. . There were some vigorous efforts made to support the market, but by 11 o'clock there was another an-other bad b-eak. Amalgamated slumrel 4 from .-turays eloping. Sugar fell Hi, Tenne' ee C i and Brooklyn ,Tm"-slt ,Tm"-slt 5. Cok a4o 4. .St.. IV. l i United states el preferrp ' ' T FtI preferred i-t, Socu.t-m ' lciuo altimore tk Ohio t. Leather pre-t-fiti 2, and Erie, the frit preferred, Loulaville A Nashville. Kock Island, Leather, MisBOurt Paciflo and New York Central 2. The extreme weakness of the market came as & general surprise to all observers ob-servers in the financial district. The vigorous rally of the latter part of the past week encouraged the idea that the demoralization was over for the present and 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 be a dull, sagging movement, according to the usual precedents in such cases. There was no news to account for the renewed fright, but the movement of prices was convincing evidence of the timidity felt by security holders. The renewal of senatlonal proclama-t!on proclama-t!on through advertising mediums from the same souree that preceded the suc-cesful suc-cesful jaid of last week had a notable effect on pentlment. . , - The selling was general from all sources. The offerings of rmntjr st per cent on call showed tt-.t no .stringency .strin-gency in that department w as responsible respon-sible for the liquidation. - . ' An enormous amount of f'.'.Irg orders came into the market at the opening, and later when it was seen that the list was without support the selllag orders or-ders increased from every quarter. One of the best-known commihbion ' houses reported gales of 123,000 shares of the ' 'tlve 1wues in th first half hour. The i Veern houses, those wl.a Pittsburg-, Cleveland rd- Chtc-'-- connections, were ai;;or.-r the ? . ,.-rs of Steel, ror obvious iv -ei t "-sJ of un loading in A r. l. 1 ( er came from New Er.; ' ' Many brokei , rlee at the extent of t ty were loth to believe t t f 1 ma- rifpului. f coul 1 i ir the decline. Tr. a( " . f - t ' r ' cf t ) ' i ' 1 -IV - N, Quiet buu. on a warf.-limrw! particularly true of Norfolk & Western, St. Paul. Baltimore &. Ohio and the Pacifies. Pa-cifies. Call money opened at 3 to S. It was freely offered before noon at 3 per cent There was a lively bound in prices of stocks after the liquidation had -spent Its force. A score of stocks recovered from 1 to 1 points from the lowest. Sugar's rally was 814, United States Steel preferred 2H and Brooklyn Transit, Tran-sit, Colorado Fuel, Tennessee Coal. Norfolk Nor-folk & Western, Amalgamated Copper and Reading from 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. |
