Evening star., 1903-07-16
FINANCE AND TRADE
Wall Street Today Had a Bet
ter Opening.
RUMORS OF BIG LOANS
ROCK ISLAND AND FRACTIONS
AMONG THE WEAK STOCKS.
Bulls Tossed Specials Vigorously, but
Got No General Response
From the Market.

NEW YORK. July 16.-Stocks opened
higher In continuation of yesterdays rally.
In stocks which have been under severe
pressure recently the gains were large.
reaching from l to IA In New York Cen
trail, Baltimore and Ohio, Wabash pre-
ferred, Missouri Pacific, Rock Island pre-
ferred. Atchison. Amalgamated Copper,
United States Steel preferred. Brooklyn
Transit and Manhattan. General Electric
rose and Cleveland. c. c. and St. Louis J.
There were running sales Of 5000 shares
of United States Steel at 261a to 26&4. COM
pared with 261s last night. Rock Island
and St. Louis and San Francisco second
preferred off fraction.
The market developed a reactiOnary ten
dency Immediately after the open ns un-
der heavy selling of Rock Island, I'm on
Pacific, Southern Pacific, United States
Steel stocks and the local fractions which
fell fraction below last night. Rock Is
land and Atchison preferred fell 4 point
under last night, and early gains were gem
orally wiped out. Buying orders appeared
when prices had got back to yeste day $
close, and there was rally all around on
diminished trading. Some stocks made ad-
vanceS over last night reaching and y in
st. Louis Southwestern, Northwestern,
Consolidated Gas. Leather preferred and
Pacific Mail. Great Northern preferred sold
and sales of odd lots have been made at
that, but the last full share lot on the ex-
change sold at 1902. General Electric re-
acted ), and Evansville and Terre Haute
lost :. Prices yielded again before the end
of the hour.
The selling movement was not pressed
and enccura cement thus felt to mark
up prices again. New York Central was
lifted 13s over last night, and Illinois Cea-
trail IA. but other active stocks did not rise
above the opening level Lackawanna made
| a recovery cf from yesterday and North
western 2h DeS Moines and Fort Dodge
fell 3a4 and Ann Arbor preferred 3. The st.
Louis and San Francisco certificates for
Chicago and Eastern Illinois fell back
points from last nights rally. The market
was dull in contrast with yesterday. Bonds
were easy al noon.
Bull operators bid up special stocks Wig
orously, but they did not obtain much of a
response from the general list. Illinois
Central and Canadian Pacific led the ad-
vance and sold 24 and 34 above yester-
days final figures. Lackawanna also ex-
tended it's rise to 8 and Consolidated Gas,
Brooklyn Union Gas and Canada Southern
rose 2l2 to 4 points. Prices of leading
stocks averaged fraction better than at
the opening.
Strength developed in the early after
noon, and stocks which had not figured
much in the early rise were bid up. These
included the coalerS and Pennsylvania
group as we'll as some of the southern and
southwestern stocks Profit taking lowered
the list tritie, but at = o'clock the market
was rising vigorously again under the lead
of the Pacifics Canadian Pacific scared
up 424 to 12424; Metropolitan Street Rail-
way, ~; New York Central 23s; Delaware
and Hudson. 21a, and Union Pacific. South
ern Pacific Missouri Pacific, Atchison and
st. Paul, IL to IA. Chicago and Eastern
Illinois certificates rallied Is points on two
transactions. Minneapolis, ST. Paul and
Sault Ste Marie advanced 4, and Brooklyn
Union Gas $. Iowa Central lost ~.