Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-25
FINANCE AND TRADE
The Opening Today Was
Animated and Higher.
SOME ENORMOUS DEALS
UNION PACIFIC LED IN THE SALES
OF SHARES.
Other Leaders Responded to q. P. Ac-
tivity-New Stocks Also Took
Part in Advance.

NEW YORK, October 25.-The stock mar
ket opened animated and higher today fol-
lowing the recovery of London. There
were enormous dealings in the Union Pa
cific securities on account of the report
that the Oregon Short Line participating
bonds were to be retired. Ten thousand
shares of Union Pacific sold at 1O92 and
40. compared with 1OSH last night, and
subsequent transactions were I'm 1000 to
1900 share blocks. A block of S325,O00 of
the Oregon Short Line bonds sold at an
advance of " and the Union Pacific con-
vertibleS were up a point on the transfer
of 100000 blocks.
Southern Pacific was up " on the sale of
400 shares. Opening sales of Ontario and
Western were of 5000 shares at 46b and
46&. compared with ass last night. There
were large blocks at large fractional ad-
vances of United States Steel preferred.
Peoples Gas. Amalgamated Copper Sugar,
Colorado Fuel. Smelling. Pennsylvania, At
Gibson and st. Paul. Chicago Terminal
preferred and Minneapolis. ST. Paul and
Sault Ste. Marie We're up point. -Four
thousand shares of Erie sold at 41ls and
4OA, compared with Al last night. and the
price then ran off to 403s.
The excited buying of Union Pacific con-
tinued in enormous volume with 110s the
top price. ST. Paul was run up 3 and gains
reached point or over in Atchison. Dem
yer and Rio Grande preferred. Wabash
preferred. ST. Louis Southwestern preferred
and Colorado Fuel, rs in Consolidated Gas
and ~ in Northwestern. Ontario and
Western fell back to 45k, and Reading and
Erie were heavy in sympathy. A break of
81 in Pressed Steel Car affected the other
railroad equipment stocks by sympathy.
and the local fractions, Sugar, Lead, ILL
nois Central and Westinghouse Electric
were below last night Chicago Great
Western preferred B broke 2. rise of 2
in Delaware and Hudson steadied the coal
ers at II O'clock. &c. -s re-
The rise of ~ in Delaware and Hudson
was followed by sharp advances in other
high-grada stocks. Northwestern rose "a
on buying in one thousand share blocks
and the preferred B: Lackawanna touched
its record price at 200. st. Paul rose ii2 i'll
all. u. S.. Steel preferred rose strongly.
1k: the local fractions rallied strongly.
Metropolitan Street Railway gaining 2ls.
and there were gains of a point or more
in Chicago Great Western. Illinois Cen
trail, Texas and Pacific. Sugar, Tennessee
Coal and Sloss Sheffield Steel. The mar
ket ran Off after the announcement OF an
engagement of gold for export. Erie, Cen
trail of New Jersey. Locomotive and Rub
Der Goods preferred got l to IA under last
night, Westinghouse Electric and st.
Paul, Delaware and Hudson and Smelling
reacted a point or more. A number of act
i've stocks were carried below last night,
including Rock Island, Mexican Central.
National of Mexico preferred, Southern
Railway, the Kansas and Texas stocks,
Chesapeake and Ohio, Norfolk and West
ern, the Colorado and Southern stocks and
number of minor industrials. Colorado
Fuel shot up 3ss. but the market continued
irregular at noon. Bonds were irregular
New stocks took part in the advance
after II O'Clock. but the diversion of inter-
est into these did not retard further rise
in some of the earlier favorites. notably
Union Pacific and United States Steel.
New York Central reached 1857 and Peo-
pies Gas rose IL in short order. United
States Steel met good many thousand
shares when it touched ~. but it eventually
took all at that price and sold aOraction
higher. The preferred reached S31a.
Transactions in Union Pacific continued
on an enormous scale, and the buying OF
it up to HOY was attended by higher prices
for the other Pacifics. st. Paul. Erie and
Reading made momentary spurts upward,
but fell back again. the two last named
touching their lowest prices.
Union Pacific went to 112 before it fell
back, and carried Southern Pacific up IL.
Pennsylvania gain reached 1. When Tn
ion Pacific fell back rs the whole market
followed; the reaction running from l to
IL for Southern Pacific. Atchison, New
York Central, United States Steel preferred.
Sugar. Tennessee Coal and Colorado Fuel.
The Lead stocks dropped .. and General
Electric Smelling preferred, Toledo. ST.
Louis and Western preferred and National
of Mexico preferred l to IA. st. Paul got
~ below the highest.