Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-09
Opening Today Was Marked
by Large Orders.
ELECTION QUICKENING
THE INDUSTRIALS WERE MOST
NOTABLY AFFECTED.
Flood Of Prohibiting Occupied the
First Hours Trading-Strength
Shifted to Railroads.

NEW YORK, November 9.-The large or
ders executed in the opening stock market
today caused a commotion in the price
movements, the level advancing strongly
throughout the list. The industrials were
most notably affected. The extreme ad-
vance in the railroads was ~ in Southern
Pacific, with a, number of other prominent
issues rising a point. The United States
Steel stocks were the feature, 10000 shares
of each selling on running quotations,
which varied half, with an extreme ad-
vance over Mondays closing of rs for each
stock. Tennessee Coal jumped 2A on a
thousand-share lot and Amalgamated Cop
per rose IA on the sale of 1900 shares.
The new American Tobacco preferred GER
tificates advanced 17s, and there were very
heavy dealings in Sugar and Locomotive.
OF the most active railroad stocks there
were 1000 shares of Rock Island and Union
Pacific on the opening sales, 5000 shares OF
PENNSYLVANIA and Erie and 5000 shares of
Southern Pacific and Chicago Great West
ern.
The first hour of the trading was given
over to the digestion of flood of profit
taking Sales which carried the whole mar
ket back toward Mondays closing ievei'
and in some instances below. Stocks which
opened late made an additional showing OF
gains but as rule first prices were the
best. Realizing in the United states steer
stocks was particularly heavy and wipeo
out all but small fractions of their gam;
This was true of the prominent railroad
stocks generally.
The New York public utilities were con-
sistently heavy. At the low level small de-
clines from Mondays level were shown by
Union Pacific, Reading, Sugar and ERE
first preferred. Reading rallied strongly to
~ over Monday. and Southern PACING rose
above it's opening level. but the general
market continued irregular.
The market made comprehensive raily
during the second hour, but the great
strength shifted to the railroad STOCKS
Few Of the industrials got any higher than
the opening prices.
There were many one-point gains ADDED
to the railroad list Southern Pacific gained
ga Reading 21a and Louisville and Nash
vile 2 Lackwanna jumped 10. Consplc-
uous movements in the industrials were
gains of in Republic Steel. 3R in the pre-
ferred, 2 in Realty and Smelling. IA in
Virginia Iron and Enameling and 19s IN
Wooden preferred. Beet Sugar lost lls
Bonds were irregular at noon.
Profit taking carried the market down
slightly again at midday, but the upward
movement was resumed under the leader
ship of western stocks. Union Pacific,
Southern Pacific, Missouri Pacific and Rock
Island all sold a fraction higher than in the
morning and Reading touched n. Blocks
of 1900, 1000 and 5000 shares of these
stocks were taken freely. Less active stocks
increased their rise substantially, North
western selling up 5A to 200. Republic Steel
preferred and Toledo. st. Louis and West
ern preferred, National Enamelng and
Grass Irvine to ~.
Early advances were literally extended.
outside of the United States Steel stocks
which were steady at a level point above
Mondays closing. Some stocks which had
not participated fully in the mornings rise
were taken up later in the day and adj
vanced a point or more, especially Erie.
Baltimore and Ohio and Wabash preferred
st. Paul, Louisville and Nashville and
Amalgamated Copper ruled over 2 points
higher. Peoples Gas and Hooking Valley
about 3. Southern Pacific 49,, Westinghouse
Electric and American Tobacco new pre-
ferred 5h.