Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-12-14
Stocks We're Lower at the Open
log but a Good Showing Of
Gains Was Soon Made,
ADVANCE WAS COMPREHENSIVE
Some Speclaltles that Have Recently
Been Bear Targets Bounded
Up Strongly

New York, Dec 1.-THE majority Of
stocks were lower than last night on the
opening quotations today, but there was a
good showing Of gains and the huctua'
tons were not anywhere violent Amalga-
mated Copper was lifted ia and Sugar
and Northwestern point. United states
steel opened on y and tho preferred "
but the latter rallied r. Atcmson fell ~,
Ontario & Western O point and United
states Leather Y, Reading, after OPEN
ing 4, rallied poiut The market ad'
yanced COMPREHENSIVE after the opening.
Room traders helped along the rise by
bidding up stocks on the shorts The coal
stocks made the best display OF strength,
but some OF the southern and western
stocks aud speclaltIes which have recently
been bear targets bounded up strongly
Atchlson rallied only fractonally and
Union Pacific also failed TO rise proper
tlonately with the list. During the nrst
hour advances were recorded Ut points
in Delaware q Hudson and Pttsburg, 9.
G. a 81, L., ga IN tennessee Coal, IA
TO iNln Amalgamated Copper. Colorado
Fuel. brooklyn Transit, Louisville d
Nashville. Illinois Central, Norfolk y
Western and Missouri Pacific and q point
or moro IN ST. Paul, Southern Paclhc;
Reading United states Steel preferred
aud some others The market fell on
a fraction at II O'clock
on the reaction heavy buying orders APP
peared for the coal stocks and the mar
ket rose In sympathy Reading rose "a,
Delaware & Hudson and Northwestern T.
Baltimore q Ohio, 2H, Northwestern, Cen
trail OF New Jersey, L. x n and Sugar 2
Steel Foundries preferred, Pipe preferred
Realty and Chicago Great Western deben,
lures rose 2 10 2N and pennsylNaola ana
G. a o.. Canadian Pacific ana Mexican
Central q point, The market then became
Quiet at fractional reaction,
Bonds at noon were firm.
Prices did not suffer much by the sus.
pension OF the mornings vigorous demand
and after a long interval Of dullness new
stocks we're brought forward as leaders.
United States Leather stocks became very
active the common touching llA, and the
prefcrred 1915 81 Paul and the United
states Steel stocks reached tractiona W
higher level and there were gains OF TO
points In Illinois Central, 81. l. us & san
Francisco second preferred and Hide and
Leather preferred. With reaction TO CO.'S
IN Amalgamated Copper, prices yielded,
declines running 70 Eh ~ sugar anu "
noint or over ia Reading Norfolk a West
crn L. & ~, Missouri Pacific, Tennessee
Coal, 81 Paul, Colorado Fuel and Leath-
or preferred Amongst dormant stocks
there were jumps Of 10 In Laokawanna,
in Great Northern preferred 81 In Pull
man and 2h IN ST. ouls-Southwestern
preferred AtChson sank TO Ia below last
night .
There seemed not TO be little determine
ton to hold prices and the gains were
easily Yielded a number Of sto ks below
last night, AtohlsOn TO the extent OF y,
Consolidated Gas 2. Amalgamated Copper
2, Union Pacific ~ and Southern Pacific,
ST. Paul, Rock Island, Wabash, Kansas
h Texas, and United states Steel /, The
closing was weak and at the lowest
Close. Money on call steady, 2u3 per
cent: closing bid q offered at 2z per cent.
Time loans easier 60 days, % days ana
TX months Shm3A per cent
Prime mercantile paper, iAaiA per cent.
Sterling exchange strong With actual
business In bankers bills az 4.644N,0l
for demand and at 4Sd4.dS5 for 60
days.
Posted rates, 4sil46i.S and 4.S7is.
Commercial bills, $500 SAYS