Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-17
FINANCE AND TRADE
Opening TodayWas Very AMI
mated and Buying General.
WIDELY DISTRIBUTED
FIRST TRANSACTIONS IN LEAD
ERs IN LARGE BLOCKS.
Market Soon Yielded to Heavy Realiz-
ing-U. s. Steel and Reading
Were Days Features.
WIDELY DISTRIBUTED

NEW YORK, October 1.-THE opening
trading in stocks today was very animated,
and buying orders were widely distributed.
In all the prominent active stocks the Open
ing transactions were in one thousand to
ten thousand-share blocks, the latter for
United States Steel preferred. which sold a
half higher than Saturday. Five thousand
shares of the common sold at 21la and 21A
compared with 21as on Saturday. Louisville
and Nashville opened ~ higher. and ex-
tended it's gam to Ia. ST. Paul, Union Pa
cific and Baltimore and Ohio were quar-
ter to three-eighths lower than Saturday.
These were the only important exceptions
to the advances, which did not extend gen.
orally beyond a half Consolidated Gas rose
1h. 7
After the over-Sunday accumulation of
buying orders had been worked off the
market began to yield under the heavy
ume, and distributed pretty evenly among
the usual favorites. Opening advances
were Cancelled and the market driven a
fraction below Saturdays closing. Louis
willie and Nashville lost it's entire gain and
Brooklyn Transit and Peoples Gas fell a
point under last week.
Heavy buying commenced again shortly
before IL O'Clock and prices stiffened all
round. Louisville and Nashville returned to
137 and United States Steel preferred sold
at 82k and Reading at 73h Chicago Great
Western preferred advanced b. Lake Erie
and Western IN. Wooden IN, Northwestern
and Smelling preferred 2 and the Wabashes.
Wisconsin Central. Realty and Construc-
ton. Cora Products preferred, Pressed Steel
Car, Ice and Distillers' Securities, / to III.
United States Steel preferred and Reading
were bought aggressively and were the
mainstay of the market. United States Steel
touched 22A, the preferred s2x and Read
ing 1871.
A later advance of 2ss in Missouri Pa
cifc was of sympathetic benefit to the gen.
era) market.
Northwestern. Buffalo, Rochester and
Plttsburg. Distillers' Securities, Realty and
Colorado and Southern rose to g. Canadian
Pacific IN and Texas Pacific National of
Mexico preferred, Colorado and Southern
second preferred, Wheeling and Lake Erie
second preferred and Cotton Oil 1 to IA
The Paciffcs and grangers were under the
influence of profit taking.
The same was true of some of last weeks
strong specfaltfes. United States Rubber
lost 2as, Rubber Goods preferred ~, Loco
motive IA and Hooking Coal /. A rise of a
point In Amalgamated Copper at noon did
not prevent fractional reaction elsewhere
BONDS were firm at noon.
speculation was rather uneven during the
afternoon, special stocks being bid up to
offset profit taking in others. The Pacifics
some of the Southwesterns and a few spe-
cialties dragged considerably whenever eff
forts were made to start the entire market
upward. About o'clock large buying or
derS were sent in for Pennsylvania and
Erie, and they advanced about point The
United States steel stocks also brought
higher prices, the common rising to 22A and
the preferred to S3%.
A heavy drive against Union Pacific
forced it to ITO and caused general selling
throughout the room. The forenoon ad-
vances were largely cut into, especially in
the western group, Northwestern reacting
liz and st. Paul l. Manhattan dropped to
rs under last week. Renewed buying on
large scale of United States Steel preferred
carried 1t to So and caused some recovery
in other leaders. Brooklyn Transit moved
up rapidly to 6T1s and Reading to 732..
Amalgamated Copper extended it's rise to
IL. Long Island rose 2n and Nashville,
Chattanooga and st. Louis 3.