Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-28
Opening Showed Response to
Cheerful London Tone.
MARKEDHEAVY BUYING
LARGE BLOCKS OF LoW-PRICED
STOCKS WERE BOUGHT.
Market Yielded on Realizing-Reaction
Under Profit Taking-operations
Shifted to Western Stocks.

NEW YORK, October 2S.-In response to
the more cheerful tone in the London mar
ket opening prices in the stock market to-
day surged upward. with very heavy buy
ing in Chicago Great Western, Union
Pacific, Rock Island. Erie and United States
Steel preferred at large fractional gains.
The subsidiary companies of the Penn
sylvania itself rose Is. Amalgamated Cop
per and Ontario and Western were carried
up 1A, Chicago Terminal preferred IN.
Kansas and Texas and Delaware and Hud.
son Is and Minneapolis st. Paul and
Sault Ste. Marie preferred a point.
Large blocks of the low-priced stocks SELL
Ing In the thirties and forties were bought
aggressfvely during the first hour, and their
strength radiated throughout the market
Standard stocks were also taken freely,
especially st. Paul, Union Pacific, Sugar
and United States Steel preferred. Inn
provements of point or more were pretty
generally effected, and the opening heavi-
ness of the Pennsylvania-controlled stocks
was largely dispeiled.
The principal advances were Chicago Ter
minal preferred 3A, st. Paul. Erie. Ontario
and Western, Chicago Great Western pre-
ferred B and Peoples Gas rs to and
Rock Island, Louisville and Nashville.
Pennsylvania, Baltimore and Ohio. Erie
first and second preferred, Minneapolis, st.
Paul and Ste. Marie, Chicago Terminal,
United States Steel preferred, Tennessee
Coal Sugar, Manhattan and Metropolitan
street halfway i TO l13- BUSINESS lell oil
considerably toward IL o'clock and the mar
ket yielded slightly on realizing.
A reaction under profit taking in the gen.
eral list of " to y was offset by buoy
ant rise in the coalers. Lackawanna sold
at new records above 800 up to 315. Della
ware and Hudson rose Az. Erie "a, the
second preferred 21s. Reading rs and Cen
trail of New Jersey 2$. There were gains
Ste. Marie of 4. the preferred 2. Canadian
Pacific 2k. Northwestern IA and South
ern Railway, Atlantic Coast Line Illinois
Central, Colorado and Southern. Texas Pa
cific, Mexican Central, Toledo, ST. Louis
and Western preferred, Smelling. Westing-
house Electric, Sloss Sheffield Steel, Con-
solidated Gas. the Virginia-Carolna Chem
ical stocks, Ice preferred and Pacific Mail
ferred dropped ~ Minneapolis and St.
Louis ~ and st. Louis and Southwestern
preferred is. The market was firm at
noon. Bonds were firm.
Bull operations shifted to a considerable
extent from the coalers into the western
stocks and some of the specialties that
had not risen proportionately with the gen.
eral market in the forenoon. Union Pacific
and st. Paul touched 1115s and 1I2 respec-
lively, and one-point gains were establish
ed in Atchison, Southern Pacific. Norfolk
and Western, U. S. Steel and Metropolitan
securities.
Stocks of roads traversing the southern
and northwestern regions were steadily
bought at materially higher prices. Louis
vile and Nashville extended it's rise to 2
and Duluth, South Shore and Atlantic rose
~ and the preferred AZ.
The dealings were smaller and fluctua-
lions narrower. Except for the conspicuous
movements in few speciaities and high
priced coalers. variations were slight and
toward a lower level. Sugar bounded up to
near 140 and U. S. Steel preferred made its
gain over 2. Lackawanna continued to f1uc-
tuate widely, and touched 800. Delaware
and Hudson reached 1894 before encounter
ing any effective realizing