The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-10-26
New York srockn

Wall St, New York, Oct. 26.-STOCkS-
| The feature of the irregular opening in
| the stock market today was the. support
| ing orders in some of the low class rail-
| road stocks and the heavy dealings in the
shares of United States Steel preferred
sold at S11s and SIS. compares with ras sl.s
quarter on the purchase of 3,70O snareS:;
Ontario and Western, on the sale OF 4,ooo
shares, sold at 1864 and A. compared with
454 last night. Thirty-five hundred shares
of Rock Island sold at SO and 32ss. com,
Chicago Great Western rose IA points on
the sale of 1900 shares each. COLORADO
Fuel was up 13s points on the sale OF 5,Vuo
shares and Union Pacific was up 5s point
on the sale of 5000 shares. Peoples Gas
regular changes of small fraction.
Strong buying began in many quarters
following the initial dealings and the
Pacific advanced to within FRACTION of
yesterdays top price, touching 1l119. All
their gains Considerably and by 1890
o'clock improvements had been establish
points in Ontario and Western, 2 points in
Minneapolis, St. Paul and Sault Ste Ma
RE preferred, 10. points in Erie and Union
Northwestern. St. Paul. Reading. Louis
vile and Nashville, Kansas and Texas
mated Copper, Tennessee Coal. Sugar,
Consolidated Gas, Manhattan and Metro
politan Street Railway, Erie first and sec
ond preferred and Rock Island preferred
We're under early pressure in contrast to
the strength in common stoclxs' but they
General Electric fell a point, but quickly
recovered. After 1890 o'clock the market
below last night, Union Pacific, Southern
Pacific, Ontario and Western, Erie, Ten
nessee Coal, Sugar and other ACTIVE stocks
reacted a point and United States Steel
preferred fell to S0s4.
The selling movement reached through
the list pretty thoroughly and wiped out
gan Central, National of Mexico prefer
second DIefPTrPd Nashville
and Chattanooga were forced to IA
points under last night before the force
of the selling exhausted itself. The mar
xet steadied when Missouri Pacific was
lifted a point over last night, but broke
vance and went lower than before. South
ern Pacific and Metropolitan Street Rail
ted States Steel preferred IL points and
st. Paul, Pennsylvania, Reading, Southern
Pacific, New York Central and Tennessee
Coal a point or more.
Bonds were irregular at noon.
Covering by room shorts on the rise in
Ontario and Western to Ala rallied the
market a large fraction. Fresh liquida-
ton met the advance and the market fell
back in some cases to a lower level than
and United States Steel preferred.
night losses Of / to points were scored
by Norfolk and Western, Northwestern,
the Colorado Southern STOCKS s6 Erie s,o sec
politan Securities, Manhattan and a num-
Der of. minor stocks. The market rallied
from the lowest, running a point in Union
Pacific, Southern Pacific. st. Paul Rock
Nashville and ManR6attan. Tennessee
Coal rallied to a point over last night. |
The market quieted at the rally.
The market showed hesitation @or a
time and backed and filled and then adj
vanced with more confidence on large
buying orders. Rock Island was lifted 2A
points over last night and some of the
other leaders fraction, while losses from
last nights prices were pretty well re-
stored
The advance halted during the final