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Show SHARP DECLINES ON WALL STREET NEW YORK. April 2. Early quotations from London today showed disinclination at that center to follow fully the rise In prices which has occurred here since London's Lon-don's operations stopped on last Thursday.. Thurs-day.. Opening quotations here In consequence conse-quence showed a sharp decline. Canadian Pacific fell 61 from last night. Northern Pacific and Reading 11. Union Pacific H. American Smelting, Anaconda. Colorado Fuel and Great Northern Ore Certificates H, and Southern Pacific, Atchison and United States Steel about a point. The local market .soon overcame the foreign Influence and rose briskly to well beyond yesterday's closing for the more Important stocks. Canadian Pacific rallied ral-lied 3 points, but proved vulnerable to another attack, which drove it down to the lowest point and weakened the other leaders. A 2 point rise In Smelting and an aggressive ag-gressive upward movement In Reading turned prices upwards, but the rally did not hold. The dropping tendency carried the prices in some cases back to near the low level. Canadian Pacific fell an extreme ex-treme 8 points,. Union Pacific 2 and Pennsylvania Penn-sylvania 1. Gains were shown among some of the less active stocks. Pacific Mail rose 11. Bonds were firm. Heavy selling for both accounts carried the average level of prices well below the low figures of the morning. The bulk of the . selling was concentrated against Union Pacific. Pennsylvania and the metal stocks. Over-night losses ran to 31 in Union Pacific, 1 to 11 in Southern Pacific. Pennsylvania and Northwestern. Many of the other stocks rallied from 1 to li. Irregular fluctuations and a heavy undertone un-dertone characterized the mid-afternoon trading. Atchison touched 95 before the realizing drow it back nearly 2 points. |