Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-12-03
FINANCE AND TRADE.
Copper and Steel Stocks the
Market Leaders.
ii III
I. ia
BOOM IN SPECIALTIES
FREQUENT toREsrING SPELLS IN
THE TRADING.
y III
Heavy Buying on All Recessions-De-
mand for Coalers-Western
Rails Strong.
BOOM IN SPECIALTIES

| NEW YORK, December 3.-Of the three
STOCKS which spurted upwards in the clos
ing deals yesterday Amalgamated Copper
opened up an eighth, Colorado Fuel was
unchanged, and Sugar fell a half at the
opening of the stock market today. Changes
IN the general list were very much mixed
and small as rule. Tennessee Coal rose
point and Southern Pacific and Canadian
Pacific declined * '--.
Aggressive buying of few specialties
gave tone to the whole market, and prices
rose slightly On large dealings. United
States Steel preferred, Amalgamated.
Brooklyn Transit and Peoples Gas were in
the best demand, and the last two named
advanced point Similar gains were made
In westinghouse, Electric, Smelling, Met
ropolitan Street Railway, Kansas City
Southern preferred. New Haven Reading
second preferred and Long Island. Della
ware and Hudson and Ice preferred sold
Ia, and Sloss-Shefteld Steel preferred two
points higher, Standard stocks ruled near
to yesterdays final prices. with consider
able stock changing hands. Colorado Fuel
reacted point on profit-taking. Railroad
Canadian Pacific lost IA.
The selling movement carried Sugar and
Southern Pacific down a point, Realty pre-
feIred II and Colorado Fuel "a. United
states Steel preferred and Amalgamated
Copper lost their advances Large buying
of Erie carried 1t to % and Pennsylvania
rose to rs over last night. The reaction
elsewhere was checked, but conservatism
was shown about following these special
movements. The trading was decidedly
dull. Bonds were irregular at noon.
Stocks Of all classes were bought heavily,
and the market showed greater animation
than for. a long time. The coalers were
absorbed in large amounts, and their
strength gradually extended to the special
ties. and the railroad Stocks-Reading first
and second preferred. Delaware and Hud-
son and Tennessee Coal-were lifted and
~: international Paper preferred jumped
3, but lost nearly all It's rise. Among the
advances of a point registered were St.
Paul, Missouri Pacific, Northwestern pre-
ferred, Erie second preferred Norfolk and
Western, Reading and Republic Steel pre-
ferred The buying movement slackened at
L O'Clock, and there was general easing
Brooklyn Transit, took up the advance
with rise Of 81" Some of the active
/ stocks went higher. although the fiuctua-
tons generally, were Terry slight. Pennsyl-
vania touched tf73s and Reading sold above
A. Westinghouse Electric gained 4 points;
Rubber Goods preferrFd =. and Amalgamat-
ed Copper, United States Steel preferred,
Northwestern. Smelling preferred, Rail-
was Investment preferred Corn Products
preferred. Atchison and Manhattan, 1 to
1h International Paper preferred moved
very erraticallS. and after rallying 2M fell
back below yesterdays closing. Anaconda
yielded III despite Amalgamated strength
end Canada Southern also fell ~. st.
Paul and Omaha preferred sold at 172 COM
pared with 1e0Ishe previous sale in May.