Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-07
Opening Showed the Prices a
Fraction Higher.
u. s. STEEL PROMINENT
MARKETS COURSE WAS UPWARD
ON A STEADY ABSORPTION.
Advance Of Standard Stocks Was Mod
erate-Steel Continued Feature
Of Days Transactions.

NEW YORK. November 7.-Opening
transactions in stocks today showed prices
a fraction higher, with q few unimportant
exceptions. The Steel stocks were promi-
nent and higher except for Colorado Fuel.
which ran OF z. United States Steel pre-
ferred rose an extreme q on running sales
Of 1000 shares and tho common rose v in
the first few minutes on heavy buying. Re-
public Steel rose y.
The course Of the market was upward on
a steady absorption. but the advances In
the standard stocks were moderate except
in a few instances The early rise reached
Nv in Steel Foundries preferred, in the
common, rs in Tennessee Coal, 2 in Third
Avenue and 1 to ~ in the United States
Steel stocks. Republic Steel preferred, Pa
per, Manhattan, Brooklyn Transit, Metro
politan Street Railway. Metropolitan Sc
curities. the Corn Products stocks, Mis-
souri, Pacific. Wabash preferred. Rock Is
land preferred, Reading and Minneapolis,
st. Paul and Sault Ste Marie. Rutland
preferred declined and st. Louis South
western l. United States Steel touched
25s and the preferred $685..
Prices made some further advance with
the fndustrials in the fore and the United
States Steel stocks the feature Of the mar
ket. United States Steel touched 251a, and
the preferred SB. Steel Foundrfes preferred
rose W, Republic Steel preferred, 27s;
Pressed Steel Car and Colorado Fuel, tx;
Pipe. 213. and Locomotive, /. Chicago
Great Western debentures advanced Az,
New American Tobacco preferred certifi-
Gates, 2ss; Paper preferred, is; Cotton OH,
Realty, Allis-Chalmers and Bag preferred.
l. American Telephone fell IA. The ad-
vance in the railroads reached 1 In Atchi
son, Rock Island and Norfolk and West
ern. With rise of a point in Amalgamat-
ed Copper the market was firm at noon.
Bonds were firm.
Bullish interest in the market increased
after II O'Clock, the grangers. Pacifics and
eastern stocks becoming prominent. Con-
siderable addition to the early list of stocks
that advanced a point more were made.
st. Paul. Southern Pacific. Baltimore and
Ohio, Louisville and Nashville. Chicago and
Alton, Chicago Great Western and the pre-
ferred A, Southern Railway preferred.
Sugar, Consolidate Gas and Virginia Coal
and Coke advanced a point, and Union Pa
cif1c and Pacific Mail, 111; Metropolitan
Street Railway, 2; Realty preferred, 21a,
and Steel Foundries, 2, and the preferred,
81. Minneapolis, st. Paul and Sault Ste
Marie preferred declined On
Rapid upward progress was made by
number Of important railroads and spe-
cialties The United States Steel stocks
continued to be the principal features and
the ease with which they worked their way
higher in face of the large blocks that were
offered stimulated buying in all directions.
The common touched 261s and the prefer
red S4A. Tennessee Coal extended its rise
to 81 and Union Pacific to 2 Sloss Shelf
field Steel jumped 214, Wheeling and Lake
Erie first preferred and Pressed Steel car
2, Erie second preferred and Illinois Cen
trail ~ and Canadian Pacific, Pennsylva-
MIA, Pressed Steel Car preferred Pipe pre-
ferred National Enameling and Smelling
1 fo