Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-27
Opening Showed Effect of
Saturdays Bulge Selling.
UNLOADED TO REALIZE
MAJORITY OF STOCKS HIGHER
AND SOME SHOWED GAINS.
Free Market at Outset With Prices Be-
low Saturdays Closing-Large
Buying Characterization.

NEW YORK February 27-Selling to re-
alize on Saturdays bulge showed it's eff
feet in the opening dealings today, but the
majority of stocks were higher, and some
OF them showed sharp gains. New York
Central ran off IL. and 10000 shares of
Union Pacific sold at 134& and 1854, COM
pared with 1865 on Saturday. The Mime
apoiis st. Paul and Sault Ste Marie stocks
lost point. Illinois Central showed the
effect of the fire losses at New Orleans
with decline of IA. On the other hand,
10000 shares of Pennsylvania sold at 145
and 145A, compared with 144Ss on Satur
day. Northwestern was up rs, Locomo-
tive 2, American Express 4. Smelling ana
Delaware and Hudson point, and Erie.
the second preferred, and Paper, large
fractions.
Stocks were sold freely in the first half
hour. and the market quite generally ruled
below last weeks closing. Pennsylvania,
Northwestern and Locomotive lost Their
rise. Union Pacific broke to 134ls. and
Louisville and Nashville. Minneapolis, st.
Paul and Sault Ste. Marie. Leather pre-
ferred, Sloss-Sheffield Steel and Republic
Steel sold 1 to points under Saturday;
final price.
Buying orders for huge amounts of stock
were distributed later, and the speculative
favorites responded violently. New York
Central rallied to 1871. Pennsylvania to 145al,
Union Pacific to 1865 and ST. Paul to 1S1.
Stocks generally hardened in sympathy with
the jump of the leaders.
Baltimore and Ohio, Missouri Pacific and
Atlantic Coast Line rose /, United Railway
and Investment IL and Chicago, ST. Paul,
Minneapolis and Omaha pa. Louisville re-
covered its loss and Illinois Central a con-
siderable part Speculation became rather
feyerish at the top, some of the fayorites
reacting sharply. New York Central fell
back below 100. Union Pacific and st. Paul
receded point again and Reading fell IA
below Saturday.
Enormous buying of Southern Pacific up
to t0as induced only light response in the
general list, and prices slipped back to the
previous low point below. New York
Central fell to 1854, SlL ss-Sheffield Steel
dropped Z, New York, Chicago and St. Louis
first preferred 5, Lead 90 and Ontario and
Western, Northwestern, Cleveland, G.. G.
and st. Louis, Toledo, ST. Louis and West
ern preferred. Pacific Coast second pre-
ferred, Tennessee Coal and Pullman to ~,
Atlantic Coast Line was lifted "a, Pacific
Coast and Metropolitan Street Railway IA
and Realty, Brooklyn Transit, Pacific Mail,
the Pipe stocks and Rubber Goods preferred
point. Bonds were somewhat irregular
at noon.
Continued absorption of large amounts
of Southern Pacific was made. despite the
manifest pressure against other transcon-
tinental stocks, particularly Union Pacific
and st. Paul. 1t was not until o'clock
when Southern Pacific had reached 71zs
that Union Pacific began to sympathize
with it's rise.
AS soon as Union Pacific showed signs of
support it was taken in hand and carried
up to 1865. Railroad stocks Of all degrees
advanced again, but there was little doing
in the specialties.