Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-28
FINANCE AND TRADE
Industrials and Specialties
Featured Opening.
FEW SHARP GAINS MADE
DURING FIRST HOUR.
Most Favorite Stocks Were Under
Pressure-Metals Showed
Strength.
FEW SHARP GAINSMADE

NEW YORK, November 2S-The indus
trials and specialties were prominent In
the opening dealings in the stock market
today and made some sharp gains. ANAL
gamated Copper was the only exception In
that department, with a decline Of quar-
ter. The railroad list was slightly irregu-
lar, on account Of the hesitation In the
movement Of Pacifcs and western rail-
roads. Atchison, Union Pacific and Kan
sas and Texas were down a half and
Southern Pacific five-eighths. The United
States Steel stocks were the feature OF the
market. Opening sales Of the common
were Of 1900 shares at 80 and 30A, COM
pared with 29x on Saturday; and 11.OOO
shares Of the preferred sold at 94h and 95,
compared with 94b on Saturday. Pressed
Steel Car rose IL and Republic Steel pre-
ferred /.
Trading during the first hour was much
confused and the market without any uni
form tendency. Most of the favortte
stocks were under pressure at one time or
another, while the movement Of other
stocks was strongly upward.
The various metal stocks outside Of United
States Steel showed consistent strength.
Republic Steel preferred rose 2. and Amer
lean Car. Locomotive. Smelling. Colorado
Fuel Railway Steel Spring preferred and
Pressed Steel Car preferred / to 11a West
inghouse Electric jumped 3. Sugar rose
point and then fell more than point
under Saturday.
In the railroad list Missouri Pacific, ILL.,
nois Central. Erie second preferred and
Rock Island preferred sold up / to rs. and
Great Northern preferred B. On the other
hand. Atkinson. Union Pacific. Southern
Pacific and Louisville and Nashville were
driven down point. United States Steel
preferred was liduidated heavily and drop
ped to 941s. and Amalgamated Copper lost
a point.
A rise of a point in Pennsylvania helped
the general market only moderately. New
York Central rose point, Brooklyn Transit
and Metropolitan Street Railway liz. North
western and Illinois Central . and Chicago
Great Western preferred A. "a. Ann Arbor
fell and Wheeling and Lake Erie second
preferred 1. Prices were not maintained at
noon. Bonds were irregular.
Prominent railroad stocks exhibited tenn
porary strength, resulting from an active
demand for the southern group. Louisville
and Nashville moved up 11s. Atlantic Coast
Line ). and Southern Railway sold at 80.
st. Paul made a squirt to 17o. and United
States Steel preferred brought 95A the
highest of the morning The whole market
sold on again but was steadfer at o'clock.
Colorado Fuel and Illinois Central were
taken In large amounts, and touched 54%
and 15os, respectively. Internal ional Paper
gained 2. the preferred IL and American
Material advances and excited trading in
selected stocks were without great effect
on the general market during the afternoon
which ruled quiet and firm. Louisville and
Nashville extended its advance to three
points; Colorado Fuel and Northwestern,
four, and Illinois Central to Eve.
United States Steel rose to 30H but the
preferred met selling around Saturdays
closing. Minor railroads and specialties
moved contrariwise, st. Louis Southwest
ern preferred. Norfolk and Western, Can
ada Southern, Toledo Railway, Metropolitan
Securities and Wooden preferred rising 1
to w, Pipe preferred 2A and Chicago Great
Western preferred 3%, while American
Express. Lake Erie and Western and Nor
folk and Western preferred lost to 21a.