Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-09-14
Tone Of the Opening Was
Slightly Irregular.
GAINS PREDOMINATED
LARGE DEALINGS IN PENNSYL-
VANLA AT LAST NIGHTS FIGURE.
Prices Generally Surged Upward
Coalers Became Strong-Activity
Fell on Later.

NEW YORK. September l4-The tone of
the opening dealings in the stock market
today was slightly irregular, but gains
largely predomfnated few Of the
Changers and Southwesterns were slightly
lower and Texas and Pacific lost Il. There
were very large dealings in Pennsylvania
at an unchanged quotation from last night.
but the price ultimately yielded slightly.
Southern Pacific was up " Denver and Rio
Grande u, and a number Of other leading
stocks a half
Prices surged rapidly upward in all direc-
tons. following the up-bidding OF Penn
sylvania to 1904. Railroads in which the
Pennsylvania interest Is dominant shared ir
It's strength. especially Reading, Baltimore
and Ohio. Norfolk and Western and Pitts
burg. c., c. and st. Louis, which sold to 2
higher.
The coal stocks and eastern trunk lines
were generally strong, and the western
group gave its first demonstration of
strength of the week. Southern stocks
were sustained by the steady accumula ton
OF Southern railway. and the rise in United
States Steel preferred contributed to
strength In the metal quarter. The Metro
politan stocks were buoyant.
Among the largest gains of the first hour
were Anaconda 3. Metropolitan Securities
81 and Metropolitan Street Railway and
General Electric =. Bag preferred "a. Colo
RADIO and Southern first preferred 1&, Con-
solidat ted Gas Ia and New York Central,
Erie. Southern Pacific. Union Pacific. I'LL
nois Central. Atlantic Coast Line, Wheeling
and Lake Erie, Colorado and Southern sec
ond preferred, United States Steel prefer
red Colorado Fuel. the Smelling stocks and
Brooklyn Transit 1 to IL.
renewed advance In Pennsylvania to
1304 rallied the market after a slight reac-
ton.
Pennsylvania touched 131. and its
strength held the whole market at further
slight advances The break in the grain
markets gave some reinsurance against
fears OF damage from frost. United States
Steel preferred rose IL in all. Consolidated
Gas gained ~, Erie preferred Ia. Louis
vile and Nashville ~ and Missouri Pa
cihc, ST. Louis Southwestern, National OF
Mexico preferred. Erie first preferred. Ten
nessee Coal. Lead and Virginia Carolina
Chemical point.
The activity of the market fell or con-
siderably at the later stage Of the rise.
Bonds were firm at noon.
Buying was resumed with some spirit Tor
a time in the standard stocks. and st. Paul,
Union Pacific and New York Central sold
slightly higher. The low-priced coalers all
brought better prices, but the entire mar
ket halted and fell back when the profit
taking in Pennsylvania became effective
Pennsylvania ran off IS and most of the
grain carriers about as much.
An outburst of strength In Erie and
United States Steel stocks forced a general
rally late in the day. in which some of the
Rrangers and southwesterns touched their
highest prices. Erie moved up points to
31N and United States Steel preferred
touched 67h a rise of 2As. The common
stock Amalgamated Copper. ST. Paul.
Atchison, Wabash preferred and Kansas
and Texas preferred also figured in the
days rise to the extent of point or over.