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Show SLUMPS ON WALL STREET NEW YORK. May '25. There were slight gains among iome' American stocks in London this morning which gave hope of a recovery from Saturday's weakness, but the opening of the market here showed heavy selling orders and little demand through out the list. St. Paul fell below 160. Saturday's price was 161. There were 3600 shares ot United States Steel sold at 30 down to 30, compared with 81 W Saturday's closing. Opening sales of Rock Island were of 6000 shares at 38 and 89. compared with 29 on Saturday. Sat-urday. Missouri Pacific lost nearly 3 and Amalgamated a point. Pennsylvania and United States Steel under heavy offerings. offer-ings. The precipitate declines in the leading stocks alarmed holders of the lees important im-portant properties and there was a general gen-eral spilling out of holdings, which lowered low-ered a number of them between 1 and 2. These Included some high priced investment invest-ment stocks as well as low-priced non-dividend non-dividend paying industrials. Exceptional losses were made by St. Paul preferred of 4; United States Realty preferred 4 and Virginia Chemical 8. The general market mar-ket was feverish and excited. Supporting orders, however, were plainly plain-ly manifest all through the active list, and by 10:30 the tide of prices had turned upward. A number of active stocks recovered re-covered from 1 to 1. carrying a few above Saturday's close, Erie prst preferred pre-ferred and second sold 1 and 3 respectively respec-tively about Saturday's close. The trading trad-ing became quieter at the rally. The market reacted slightly on the announcement an-nouncement of an engagement of $3CO,000 in gold for export to Germany. Union Pacific Pa-cific was carried back to the la west. Erie first preferred reacted a point. Northwestern North-western lost 1. Rock Island 2. and Toledo. To-ledo. St. Louis & Western preferred 2. Effective support was a (tain forthcoming and the selling was checked, but the demand de-mand fell away at the higher level. Mln- neapolis ft St. Louis was marked z over Saturday and Metropolitan Street railway and Cotton Oil preferred gained a point. Bonds at the noon hour were weak. Prices hardened here and there, but with but a few changes of consequence during the midday hour. St. Paul rose to 151 and United States Steel preferred to 81 and the general list maintained a firm undertone. Toward 1 o'clock heavy-selling of Rock Island forced it down to 87 and prices elsewhere ran off quickly,' St. Paul reacting to 150 and Union Pacific and Southern Pacific falling back to the lowest. Colorado Southern second preferred pre-ferred lost 2 and American Express 6, while Minneapolis & St. Louis receded 3. A renewed supply of stock wa poured upon the market and prices broke violently vio-lently to the lowest of the day. St. Paul was jammed down 2 to 148. and Rock Island and the Pacifies were unloaded freely. Liosses amounted to 2 points in Union Pacific, Missouri Pacific and Brooklyn Transit. Brooklyn Union Gas slumped lli and Northwestern 3. Some feverish rallies followed, but prices were breaking again at 2 o'clock. After a brief pause in the selling liquidation was renewed. re-newed. Stocks which had resisted the early weakness were swept to a lower level, notably Southern and Union Pacific. Atchison. Reading and the Reading group which lost from 1 to 2 points. Pennsylvania Pennsyl-vania touched 126. the low point before the formation of the underwriting syndicate. syndi-cate. Several other weak stocks made further declines losses extending for St. Paul to 3 and Rock Island 3. Consolidated Consoli-dated Gas 3. Brooklyn Transit 3 and many active stocks 2 to 3. Minnesota ft St. Louis broke to six points under Saturday. Sat-urday. Northwestern 6. the Iowa Central stocks 3, St. Louis-Southwestern preferred pre-ferred and Westlnghouse Electric 4. and General Electric 3. Rallies, when room shorts covered reached a point in St. Paul, Southern Pacific. Rock Island and Missouri Pacific, 2 in Minnesota ft St. Louis and 2 in Northwestern. The closing clos-ing was feverish and unsettled ' at the rally. 1 I BANS CLEARINGS. 00 Today's clearings, $551,548. Same day last year, $483,556. C St. Louis Wool. ST. IXDUIS. May 25. Wool Unchanged. Territory and Western mediums, 16lo; fine, lfg 16c; coarse, ligLSe. Kansas City Cattle. KANSAS CITY. May 25. Cattl-Re-ceipts. 3i0. including 1500 Texans: steady; native steers, $4.rC6.25; Texas steers. $3.00 4.55; Texas and Indian steers, $3.00454.55: Texas cows. 32.003.5u: native cows and heifers, 2.254.75; stockers and feeders. 33 254.60; bulls. $2.5063.75: calves. $3,000 6.50; Western steers. $2.803.96; Western cows, 31.9CKgS.70. Hogs Receipts. 5000: market 6210c lower; low-er; bulk of sales, $6 0&rfi.22; heavy, 86.12 456.35; medium, 86.056.22: light. 85.70Q) 6.12; yorkers, 86.076.12: pigs, $0.00 6.80. Sheep Receipts. 8000; market strong; muttons, $3.7o6.S0; lambs, 84.754f7.50; range wethers, $3.755.80; ewes, S3.5O&5.30. Chicago Cattle. CHICAGO.' May 25.-CattleRecelpts, 19,000; aotlve and higher; good to prima steers. $5.003S.40; poor to medium. $4.0uJ 4.90; stockers and feeders. $3.00tfH75; cows. $1.5t&4.60; heifers. $2.00tfj4.75; canners, $1.50 es.73; bulls. 82.004.26; calves, $2JO6.7l; Texas fed-steers. $4.004.60. Hogs Receipts today. 50.000; tomorrow, 20.000; left over, 5900; l&g20c lower; mixed and butchers, $5.8tff6.10; good to choice heavy, J6.2O.40; rough heavy, $5.9&8.U; light. $5.5Kgo.85; bulk of sales, $6.0064.20.. Sheep Receipts, 18.000; sheep and lambs, steady; good to choice wethers, 34.75&5.60; fair to choice mixed, $3.754.75; Western sheep. 84.5005. 60; native lambs, $4.50(37.00; Western lambs, $4.5O7.00. |