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Show L07ER PRICES ON 7flLL 'STREET NEW YORK, March IS. Openinr prices . of stocks were generally lower than last -night and the declines were wide In some favorites. Canadian Pacific fell 2, Union Pacific 11. Reading, U. S. Stell and Amalgamated Copper about a point. New York Central and Missouri Pacific were the only stocks which showed fractional gains. . Large amounts of stocks were thrown upon the market at steadily receding prices with the Harrlman and Hill stocks the weakest features. All of the active issues were without support except ex-cept for the Oould specialties. Bear operators oper-ators were emboldened by the turn affairs af-fairs had taken and put out extensive lines of . stocks. The greatest declines were in Northern Pacific 6 and Great Northern preferred . 4f. The market was overwhelmed' by the steady outpouring of stocks and the slump in prices took on panicky proportions propor-tions about noon. Extreme declines up to that time were Northern Pacific 10, Great Northern preferred 91. Canadian Pacific 7, Union Pacific, Reading and Northwestern 6, Amalgamated Copper (I. Southern Pacific, Atchison. St. Paul and U. S. Steel 3 or 4. Bonds were heavy. The early break in the market revived re-vived the nervous feeling prevailing during dur-ing the weak period of last week. There was no new development to account for the heavy selling, but it was generally attributed to the immediate needs of the money market. The fifteenth of the month calls for some very large dividend payments, and it is supposed the banks were obliged to call loans to provide resources re-sources for Impending requirements. Foreign For-eign markets also were upset by the money situation. Liquidation in Berlin and London had an effect here. The momentary rally in the Hill stocks had no effect on the general list and prices were fluctuating wildly again before be-fore the end of the hour. Reading slumped 12. Union Pacific dropped S, Delaware & Hudson 8i, Canadian Pacific and . Amalgamated Copper 7), St. Paul 7, Northwestern 8), Sugar 6, Atchison 6). Southern Pacific, United States Steel and Colorado Guel upwards of 4. The market closed nervous and unsettled. un-settled. Covering by the bears rallied the market, the rally running from 3 to 4 points In stocks that had been weakened. The tone was feverish and unsettled at the higher level. Union Pacific dropped back to the lowest twice after the general gen-eral list rallied and the hole list sold off sharply in the late dealings. Northern Pacific fell 11, and Union Pacific 10.. |