Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-19
FINANCE AND TRADE
Stocks Well Taken at the
Opening Today.
GAINS WERE GENER
ERIE WAS THE FEATURE WITH
SALES AT EXTREME ADVANCE.
Usual Reaction Followed Initial Ad-
vances-Minor Securities Developed
Strength-Much Realizing.

NEW YORK, October 19-Stocks were
well taken today at the outset and showed
gains throughout with the exception of a
few OF the southwesterns and New York
Central. Erie was the feature, two blocks
OF 5000 shares each, one of 1860, one of
5000 and one of 1,SOO appearing in the
opening transactions at an extreme ad-
vance of ". st. Paul gained y. Norfolk
and Western and Amalgamated Copper. u.
and Erie second preferred, 70. A block of
1,S0O shares of Erie frs. preferred was
taken at an advance of IA. One thousand
shares of Mexican Central sold at II and
I'm, compared with 1871 last night. United
States Steel preferred opened up u on a
sale of 900 shares, and the common I'M
changed on the sale of 5000 shares, and
both stocks subsequently ran off a fraction
below last night. Consolidated Gas and
Westinghouse Electric rose IA each. and
United States Leather advanced % on the
sale of 5000 shares.
The usual reaction followed the opening
advance. Thereafter the market backed
and filled on generally narrow range.
with the tendency of the leading stocks
downward. United States Steel preferred
sold off to 81, and Pennsylvania Reading,
Union Pacific. Missouri Pacific and Sugar
sold below yesterdays close at intervals.
Enormous quantities of Erie changed
hands about 80. within a range of u.
Meanwhile minor stocks were developing
strength, Colorado Fuel Railway Steel
Spring preferred. Brooklyn Union Gas.
Erie second preferred and Iowa Central
preferred gaining l to ~.
American Snuff jumped 10 points. Nash
vile, Chattanooga and ST. Louis declined 1
and International Power 2A. Support be-
gan in st. Paul after it had fallen below
III, and there was rally to 112b. Read
ing was also lifted a point above the low
est. but the movement in neither of these
stocks exerted much effect on the general
list. Speculation was Iuieter and about
steady at II o'clock.
st. Paul became very buoyant and rose
to 1884, Erie broke through the opposi-
ton at SO and rose rs and Reading ex-
tended its gain to rs. Long strings of
LO0O-share blocks and upward of Southern
Railway and of Atchison carried them up
l and rs, and Leather made it's gain
point. Louisville and Nashville sold at
1874 for one lot and then relapsed IA.
These were the features of the market.
There were gains of to in illinois Cen
trail Atlantic Coast Line, Southern Rail
way preferred Ann Arbor. Lead. Pacific
Mail and Leather preferred. Westing-
house electric rose 21a and the first pre-
ferred 8. The rise in the general list was
moderate under pressure of profit taking
on the reaction.
United States Steel preferred fell back to
S1N St Paul receded point and Amalga-
mated Copper, Brooklyn Transit, Wabash,
Kansas ana IeXaS pIeIerFeuI leHHeSSeS
Coal and Iron and Locomotive sold below
last night Chicago and Alton and Lacka-
wanna lost N
Bonds were strong at noon in a broad and
active market. except for a few speculative
issues. United States Steel second SIS de-
clined and the Central of Georgia incomes
broke sharply.
Several other. stocks of first Importance
were forced we'll below yesterdays closing
before the market rallied, including North
WESTERN; New York Central and Republic
Steel preferred, which lost from Y to l per
cent Enormous purchases of Reading and
ST Paul were resumed and they rebounded
to the highest, Reading bringing 1914. The
list responded in spots. but the market
yielded again at 1 o'clock. United States
Steel preferred falling back to S1A.
The market became decidedly reactionary
and ran off sharply to below last night ex-
cept for few leaders. St. Paul reacted
~ and Reading and Atchison point u. S.
Steel got q under last night and the pre-
ferred IL. Losses reached point or over
in Union Pacific Missouri Pacific. Wabash
preferred. Hooking Valley, Tennessee Coal,
Sugar and Pressed Steel Car. New Haven
rose IA and Pere Marquette preferred "a.
After a. feeble rally the decline was re-
newed.