Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-05
Opening Prices Were Broad
and Active Today.
GAINS PREDOMINATED
SPECULATION WAS CONFUSED By
CONTRARY MOVEMENTS.
Reaction Carried Some Stocks Under
Last Nights Figures-Eries, st.
Paul and Pacifics Features

NEW YORK. October 5.-The opening
stock market today was broad and active
and the changes were mixed, with gains
predominating. st. Paul opened one point
higher on the sale of 2200 shares, and
there were sold 800 shares Of Amalga-
mated Copper and United States Steel pre-
ferred The last named stock opened up
quarter and then ran of to a half under
last night, and the common stock was a
fraction lower. Illinois Central rose 2. The
declines were among the trunk lines. South
western and the local public service stocks.
Consolidated Gas lost a point.
Speculative sentiment was much confused
by the cOntrariwise movements of leading
stocks. st. Paul, Union Pacific and United
States Steel were sold. while Pennsylvania,
New York Central and Southern Pacific ad
vanced strongly. st. Paul touched 1914,
and after f1uctuating widely dropped to
1851. Union Pacific gave way point from
its opening figure and United States Steel
preferred went down to "a. Pennsylvania
meanwhile was before rushed up to 134h
and was followed by some other eastern
stocks. New York Central rose IL and
Delaware and Hudson and Reading ".
Southern Pacific held firmly near 5S1a. Buff
falo Rochester and Pittsburg declined 21a
and st. Louis Southwestern preferred, Car
and Cotton Oil l.
The reaction carried number Of impor-
tant stocks under last night. Norfolk and
Western and Southern Railway preferred
lost a point. st. Paul was then taken in
hand again and rushed up to 1895. Union
Pacific recovered to small fraction over
last night, but the sympathetic response
elsewhere was moderate. The advance of
rs in Amalgamated Copper also produced
little effect and ST. Paul reacted a point
International Power jumped 6k. Westing-
house Electric ?, and Canada Southern, Iowa
Central National of Mexico. preferred, Nor
fold and Western preferred. General Elec-
trio and Pump point. Central of New Jer-
sey fell IL. Bonds were firm at noon.
Congested buying centered for a time in
the Eries and they responded with point
gains. st. Paul resumed it's advance. and
various other favorite stocks were lifted
higher. Unusually large selling began in
st. Paul after 1t had reached 1863 again and
it broke rapidly 20 1864.
Liquidation of the Pacifics was resumed
on large scale, and Pennsylvania and it's
controlled properties were sold heavily.
Union Pacific Missouri Pacific and Chesa-
peake and Ohio were driven a point under
yesterdays closing, and Pennsylvania
Reading and some others reacted as much
from the highest of the day. st. Paul rail-
lied vigorously to above 16S later, and Atchi-
son. which had been decidedly heavy earlier
rose point. The general market did not
respond, and trading became rather quiet
by o'clock.
The market was feverish and unsettled
st. Paul reacted to 1861. and United States
steel preferred to "a. and number OF
steel and other industrials lost 1 to IL.
These included Car preferred, Pressed Steel
Car preferred. Republic Steel preferred,
Smelling preferred. Lead and Rubber
Goods. Northwest fell ] and Rock Island
preferred 1k. st. Paul then rebounded to
1853 and Atchison advanced a point. United
States Steel preferred recovered to y above
last night, and Tennessee Coal gained l.