Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-17
FINANCE AND TRADE
Opening Market Prices Were
Weak Today.
INFLUENCE OF LONDON
TRANSACTIONS SOON TOOK THE
ASCENDING SCALE.
Figures Turned Active and Strong
Western Stocks Eased 0R-Traction
Interest Well Developed.
INFLUENCE OF LONDON

NEW YORK, November 1.-THE stock
market opened weak today at prices below
the London equivalent where the markets
were unsettled by the renewed uneasiness
over International politics. Louisville and
Nashville fell rs; Southern Pacific, N: st.
Paul and Amalgamated Copper point and
Atchison, Mexican Central, Chesapeake and
Ohio, Union Pacific and United States Steel
large fraction. Hide aad Leather prefer
red jumped two points.
Transactions after the opening were on
an ascending price scale. and before the
expiration of the first hour prices were rul-
Ing quite generally on a parity with yester-
days closing or above. Several Of the spe-
cialties sold substantially above, Metropoli-
tan Street Railway rising IL and Console
dated Gas IL. United States Steel prefer
red. Amalgamated Copper. Sugar, Metro
politan Securities. Brooklyn Transit. Union
Pacific and Reading were among the i'm
portant stocks that rallied to fraction
over last night. Isolated declines point
in cotton Oil. International Paper, common
products. distillers' securities. biscuit Rail-
way Steel spring. Minneapolis, St. Paul and
Sault Ste. Marie Kansas and Texas prefer
red. Atlantic Coast Line. Wheeling ana
Lake Erie first preferred, and Duluth.
South Shore and Atlantic and 2 in New
York Air Brake; Federal Mining and Texas
and Pacific Land Trust Improved, /; United
States Rubber, ~, and Butterick Publish
ing, 3h.
Selling was discontinued at the lower
Price level. and the market turned active
and strong. Norfolk and Western and
Amalgamated led the movement, the for
mer rising rs and the latter ~ There
were advances of point in Union Pacific
and Sugar. " In Chicago and Alton. ~ in
United States Rubber preferred. Chicago
Union Traction preferred and Kansas City
Southern preferred. 2 In United States
Rubber and Federal Mining, 81 in Detroit
Southern preferred, in Great Northern
preferred and in Wells Fargo Federal
Mining preferred fell ~. Wheeling and
Lake Erie second preferred TX and Canada
Southern 1. The market reacted at noon.
Bonds were slightly irregular at noon.
Western stocks eased Off fraction after
neon, but the advance in the active spe-
c.alties was uninterrupted. Amalgamated
Copper forged upward to 80 and Sugar
rose two points. Various other specialties
extended their forenoon rise materially.
Southern Pacific preferred. Nashville,
Chattanooga and ST. Louis going up 4, Bis
cult preferred 2A. Rubber preferred and
New York Air Brake 2k Chicago and
Alton 2, and Manhattan 49, Canadian Pa
clf1c came into active demand and touched
134A.
The early afternoon trading witnessed
but little change in the price level of rep
resentative stocks. Interest was well
diversified in the specialties. and additions
to the days gains were noted from time to
time. Amalgamated Copper was followed
in its advance above 50 by Smelling both
stocks bringing 80N. Chesapeake and Ohio,
after lowering around 80 for some time,
finally crossed to 5O3s. Smelling preferred
moved up l, Minnea polls and St Louis and
Tennessee Coal IL, Mailing preferred 21S,
and Chicago Union Traction preferred 3.