Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-11-25
5000 Shares of Common and
1000 of Preferred Changed
Hands at an Advance
WAS SOME LITTLE REACTION.
SOOu Made RecOyerics Buying Re-
sumed With Con6dcnce In
Spots

New York, Nov. 2j,--The local stock
market opened active and higher today
In response to the advance IN Ameri-
cans IN London and the distribution
OF large bouying orders here. The Unit
cd states steel stocks we're the feature,
5000 shares OF the common changing
hands at from 2Si& 10 2Sh, and 1000 OF
the preferred at from 9l to 9lb, COM
pared with their respective closings on
Wednesday OF 2lA and go Room trad
crs fed the market literally with stocks
and soon caused a substantial reaction
United stated states Steel common lost
lbs advance and the preferred all but y,
While Amalgamated Copper and sugar
sold two points net below Wednesdays
final. Large inroads were made on the
prices OF other specalties, Metropolitan
Street Railway, Westinghouse Electric,
North America Lnseed OIL and Amer
lean Express losing l to ~, aud Pa
clac Mail 3d. Standard Railroad stocks
became heavy in sympathy aud also
were affected by the persistent pres
sure against Union Pacific, which sold
down a point to lli% AT the low point
ruling under Wednesdays closing, but
were Improving somewhat at 1o'clock
when Sugar and Amalgamated Copper
rallied over point each.
Buying was resumed with confidence
In spots, resulting In Union Pacific,
Amalgamated Copper, Sugar and Pacl-
iic Mail scoring full recOyerles and
carrying the United states Steel stocks
to 2S% and 92A for the common and
preferred. The response elsewhere was
less spirited, but the market averaged
pertty well up to Wednesday night or
above. Rock Island met pressure ana
fell of TO 34A, but recovered It's loss by
noon. Westinghouse first preferred
and Canadian Pacific advanced /, Ten
nessee Coal ~. Chicago Great Western
preferred y ~. Great Northern pre-.
ferred 2 and Illinois Central pa New
York, Chicago & 81. Louis lost 1 and
New York Air Brake 27.
Bonds were irregular at noon. Unit.
ed states Steel second 81 advanced 2h
TO 94& Fractional recesslons occurred
after midday induced by the realizing
IN United States Steel preferred but
when that stock was pushed up anew
10 92s, the market hardened The ac-
tivity and buoyancy Of the United
States Steel securities stimulated pur-
chases OF the other iron and steel stocks
and the car equipment stocks Rail-
roads while moderately active occupied
a second position In the market.
Among the gains were that OF TO III
for the American Car stocks. Pressed
Steel Car stocks, Locomotive stocks.
Colorado Fuel, Pipe preferred, Ontario
& Western and Minneapolis & 81.
Louis, Great Northern preferred ex.
tended rs rise 20 points and Interna.
tiona! Paper and the Federal Mining
stocks.
Prices moved downwards for spell
during the afternoon following fresh
attack against Union Pacific and
Amalgamated Copper Reactions.
however, In the market leaders were
not severe and were I'm measure
counterbalanced by the increased
strength displayed by numerous minor
specialties and railroads Erie second
preferred and Chicago Great Western
and the debentures rose l, the pre-
ferred a 3 points and preferred y AZ.