Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-03-24
0pe1ing Showed Wide Avances
Which We're Scattered Through
Railroad, Industrial Lists
BEARS WERE NOT IN EVIDENCE
AT Time Purchases We're Urgent -
Rise 10 Southern Iron Groups
Starts RumOrs

Now York. March 2i.-Wlde advances
were shown by opening prices, which
were well scattered through the railroad
aud industrial lists. Union Pacific rose
an extreme X on the transfer of 500
shares, and there were gains OF point
In Atchison, ontario & Western, Locomo-
tive Car, and Colorado Fuel Northwest
ern rose az and Metropolitan 81. Rail-
way IA, New York Central, Reading,
Rock Island Southern Pacific Metropolis
tan Securities, and Lead showed large
fractional gains, Individual Influences
played but little part IN the wave OF
bullish enthusiasm that swept over the
market between 10 and Ii o'clock. This
was substantially Yaehcted in numerous
advances Of a point or more, including
Republic stocks OF all degrees. Pur-
chases seemed urgent az times In stocks
which have recently been bear targets
notably Union Pacific. New York Central
and Reading. The violence of the rise
Invited the usual realizing sales, put
these made but little impression ON prices
Among the substantial gains recorded az
ter the opening rise We're Northwestern p
Lead 3, Metropolitan st Railway 2Ns, ana
New York Central, Atlantic Coast Lane,
mlnal ran of point and Knickerbooker
Ice 2 Prices spurted again after a set
back Of fraction, but the demand ran
more TO special stocks. New YORK central
was carried Up ~ and Union pa SnH ~ KS
preferred ~ Smelling advanced 4 and
Pullman ~ There were gains OF ~ 70
2. In the Gould group, Illinois central G.
G. c. & ST; Louis, T, G. G ~ Louis,
Products and sloss-Shefneld Steel. Lead
and Smelling fell back between l and
points. and the advance was checked
generally. Prices yielded and trading fel
into dullness.
Bonds were firm at noon.
Prices Of the more important stocks
showed little alteration as result OF
the MONDAY trading, Pennsylvania and
Amalgamated Copper got fraction high,
err than In the morning, aud Lead rallied
again to about "A. Rubber Good shot up
nearly 4 points In a short time and
number OF others OF a similar speculative
standing were also considerably higher.
Colorado Fuel preferred Improved S, Twin
City Rapid Transit 3, Westinghouse Elec-
trio "a, Tennessee Coal 2, and Dinseed
lla. Kanawha and Michigan dropned 2,
Late purchases centered largely in the
specialties and although Rock Island,
which has been notable laggard for
some time. suddenly went up points
standard stocks dropped and were dull
An advance In the Southern Iron group
gave free play IN Rubber Goods cause
a similar inquiry for the United States
stock Sloss Sheffield Steel gained ~,
Tennessee Coal 3h Republic Steel pre-
ferred 3, and the common aud the Unit
ed States Rubbr stocks ~ to ~,
PROFIT taking on the days rise brought
prices down for a time, The Southern
Iron group and Rubber Goods recovered
to prices considerably higher than be.
fore Great Northern preferred sold at
312 Union Pacific rose briskly to 1919.
The rally carried many stocks to the best
again The closing was active and strong
Close: Money on call firm, 3n3k per
cent. closing bid, az offered 3i6 per cent
Time loans. steady. % and 20 days. 3h
asa per cent, six months, 3A per cent,