| Show UNION PACIFIC FALLS FALIS 17 POINTS Northern Northen Pacific Wont Mo One Ono Hundred d and El EI ty y MARKET WAS I i For n ii 1014 Jor n a J JIll to hell ell and II Con r e r I I I New Nets York May In S atomic rna mar market ket Icet he was utterly lr at the tho th opening today to Q by tho tIne Ito lon nta In im Northern What were wore rumors 8 yesterday became assertions allS of or fact tact today lolla that tide tho Interests In retaliation r for foe 01 the recent attempt to 10 secure control of oC Union hind had II turned turneLl upon tine the Interests nut wrested front from them thom the time of oC Northern The ThC competitive Coil buy bur buyIng burIn log Ing In which caused s I Virtual car cor corner ner In tho the stock to to the th discomfiture and u lL t very nty large larKe short Inter Interest est ost The collateral consequences of or the tha open war thus disclosed between time the t powerful financial Interests In time thu country caused cau acute alarm among the lie large operators long of or the tIme market limo syndicate supposedly backed by the tho Standard oil Inter cUte III la bitter warfare with the tIne Vandor andor combine offered alarming to the tha heated Imagination ot of speculator While shorts were ere bidding any prices for tor Northern speculators Yore were un unloading unloading loading other stocks nil 1111 through the tIne list Uy By sumac some means menn Northern lad had been forced points under last nights close chose here hete and In tine the London market this morning The rho opening sales Wore were of Ut 2000 shares nt tl lw 15 1 a n Use Ilse of ot 11 over last nights close here and of 01 2 over the lie London price On subsequent purchase of ot blocks not exceeding c 2000 shares the th price jumped 5 S points at nt a I time to 10 and then lien tel fel back to line price d violently v afterward a rd between I anti and Hr The stock 9 I points Canadian Pacific broke 4 and then Ih h rallied 1 G Opening losses in other othen ran from rum 1 to 3 Union Pacific roue motte t 4 fraction broke J 1 and then themi camo Cilino buck book Ja l M J f measuring the tho mopes hopes hOI of ot advantage to the stock from the Northern Pacific company Some of or the tue most urgent buying of ol Not them Pacific came CUlM i arbitrage ge houses that were wore largely In Iii the tIne hint Interest The disorder on tIme the stock exchange was wail ex IX extreme trenne during the lie first li h ur ur but in the general gellel l funket find LUId the relapse III in Northern holders and the market t A rally milt lh lb tine the market with willi heavy hen telling again nand and prices slumped nt mit such Buch n u rate rata tim the last hour that hint panic tummie conditions developed d Holding wern thrown over oven without regard to Price antI declines Of br nf IJ 4 to a point be Jt between tween sales alls lime tho rulo Iulo In lu the nv av n live tive ll stocks were occasional feverish pauses II 8 In 10 tho lie downward couise course duo to desperate attempts to tl check chock the hie he but bul their duration was only momentary rime Tho drop In iii St SI Paul reached 1 1 In Inn Union Pacific 1612 16 In lii tuck hUtch Island 14 In tn Brooklyn Transit 10 In Now York Central an 8 In Mia MIs Is soon Pacific I 9 III In Nash Na h hIlle Ille 8 in lii Pennsylvania 7 1 In Peoples Gas 8 S In Texan A Pacific gb 5 In iii South Southern era ern Pacific 8 S In Canadian Pacific 10 I the general run tun of nt active stocks Blocks I 1 lo to 5 United States Stool stocks Blocks suddenly collapsed the common falling 6 antI I tine the preferred 11 l h by y rapid stages stage As ini K the declines reached reah d greater anti and wiped willed out the tho more Inor strongly nUll mar margined accounts the tine weight of If tIme the th offer offerIngs Ings ll the confusion contu lon aided by Ly nervousness to deprive the tho operators of or their power of ot Judgment When States Stales Steel preferred had reached a n decline of 12 points minute apparent apparently ly Iy i unlimited buying orders appeared In Inthe time the stock atari which rallied It to 8 S points There were werf ero other ethel rallies In sympathy Brooklyn Transit 0 G points arid other prominent lIt stocks from froni 2 to 31 3 points Other OIlier stocks however con continued continued to break to still lower louver levels Missouri Pacific touched I II Amalga Amalgamated ma a mated Copper I losing 12 Illinois Cell Cen Central teal 11 It Western Union 10 io American To ro harro 9 Y rIe Ip Sty sv Manhattan 7 i and anil Union Pacific extending Its lo toss los to 17 Ii 1 pointy III In the doping dealings market continued Its wild lId find amid erratic character sudden rebounds In some soma points being offset by renewed declines In others The trading was van aK so In the thelast last hour that it was RS Impossible for Cor tine the ticker to keep leep up ul with quotations nail and It was not until 21 2 minutes after th the close of or the days session cessIon that thoU all 1111 of the tho transactions hall had been recorded on na nathe the tape This Is unprecedented the time tickers usually being within a minute of ot the market MONEY iIa AND ANU t Money I oney on call colt strong at nt 7 S Sper per por cent Prime mercantile paper per percent percent cent Sterling exchange steady actual business In Itt bonkers bankers bills at for tor demand antI and ani at nt for tor or sixty dats dals posted rates 1St find commercial bills billa Silver certifIcates nominally at lit COc GOe Bar IJar sliver silver SS c Mexican dollars 45 sc I Government bonds firm refunding s registered amid coupon CUpolI s register registered ed Ill nod coupon LOS new lIew Is h registered and coupon 1373 old 41 registered and amid coupon coulon 1134 Se 68 registered und and coupon lOt S U IA It firm flim tall talc cOn In S 3 33 centrIfugal 96 06 test I 4 tl molasses I sugar 3 firm crushed 66 granulated I |
