Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-21
FINANCE AND TRADE
Ontario and w estern Featured
Opening Today.
FIRST SALES OF $1,000
OTHER CoALERS ACTIVE AND
STRONG IN SYMPATHY.
Some Iron and Steel Stocks Were Weak
Constant Shifting Marked the
Price Movements.
FIRST SALES OF $4,000

NEW YORK. October 21.-Reports of the
passing Of control Of the Ontario and West
err to the New Haven made the former
stock the feature of the opening dealings
today. First sales were Of $4,000 shares at
ii and 4Oh. compared with 4Oh last night.
and this was followed by a string of trans
actions In thousand-share blocks and up
ward The other coalers were active and
strong in sympathy. Five thousand shares
OF Reading sold at II and 761x. compared
with 75k last night, and Erie and Pennsyl-
varia rose half on sales of $500 shares
each. Atchison rose Y and Metropolitan
H. The United States Steel stocks sagged
a fraction after opening unchanged, and
New York Central opened down an eighth.
These were the only important stocks to
show declines.
Ontario and Western continued furiously
active and rose 2 points before reaction.
Other points Of strength developed, while
profit taking, side by side. made inroads at
some points. The Metropolitan stocks were
Great Western and Peoples Gas were
prominent, with advances Of IA and Us.
Some of the iron and steel stocks were
weak. United States Steel preferred losing
X and Pressed Steel Car 2h.
Amalgamated Copper lost a point, and
st. Paul, Union Pacific and Southern Pa
cific were laggards, the first getting 4
under last night. New York Central. Louis
Vile and Nashville. Kansas and Texas pre-
ferred and United States Rubber preferred
rose l to 2. Reading. Ontario and Western
and Metropolitan Securities reacted a point.
but other stocks rallied. United States
Steel preferred rose above 90, and Colo
RADIO Fuel gained point.
The constant shifting of demand from one
quarter to another was a feature, and the
constant irregularity of price movements in
the very animated dealings. The Paciiics
came into prominence with United States
Steel preferred. Union Pacifics. Atehison
and Missouri Pacific rising point.
The ST. Louis Southwestern stocks. Kan
sas City Southern, Pennsylvania. Baltimore
and Ohio, Northwestern, Iowa Central pre-
ferred. Pacific Mail, Tennessee Coal and
General Electric rose 1 to w. Kansas and
Texas 27s; the preferred. 2h: Allis-Chal-
mers preferred, 3A, and American Tele-
phone, 3. American Express. Pressed Steel
Car. Car preferred and Wheeling and Lake
Erie second preferred lost about a point.
Reading rose strongly again to 1I9. Bonds
were irregular at noon.
The distribution of immense buying orders
for Pennsylvania ranging from 1000 to 5000
shares lifted it across 1877 and strengthened
kindred stocks. Reading moved up a frac-
ton higher and Central Railroad of New
Jersey and Delaware and Hudson gained
points. Western stocks which had Jagged
throughout the morning were taken in hand
by the bulls, ST. Paul and Rock Island
rising point each. In general the market
ruled higher and was very animated. Met
ropolitan Street Railway extended its adj
vance to 3A and there were number OF
minor railroad properties up between 1 and
points. Virginia Carolina Chemical rose
2A and the preferred IA.
There was some diminution in the volume
of purchases during the early afternoon,
but prices advanced steadily nevertheless.
An Unsuitable demand appeared to prevail
for Ontario and Western and blocks OF
thousands Of shares were eagerly snapped
up at rising prices.
Before o'clock the stock touched Az.
Large buying of the other fow-priced coal
ers resulted from it's buoyancy, Erie espe-
cially being well taken up to 37&. Else
where the movement was narrower than
earlier in the day, except for some of the
specialties. Metropolitan Street Railway
jumped to 1905 and Peoples Gas stiffened
21s With a reaction of IL in Ontario and
Western prices elsewhere were shaded at
q fraction, but Rock Island was pushed up
Ia