Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-20
Opening Trading in Stocks
Was Very Active Today.
PACIFICS LED ADV NCE
CHICAGO GREAT WESTERN AND
ONTARIO & WESTERN NOTABLE.
General Price Movement Was Not
Uniform-Figures Reacted, but
q. p. Steadied Market.

NEW YORK, February 20-The opening
trading I'm the stock market today was very
active in the Pacifics Chicago Great West
ern and Ontario and Western. First sales
OF Union Pacific were Of 1900 shares at an
extreme advance Of Is. st. Paul was up
lh. Southern Pacific q and Ontario and
western H. Some of the specialties also
showed sharp gains. Federal Mining rising
IN. the preferred IL. Lead rs and Smelling
Pacific NAH and Locomotive a large frac-
ton to point. Reading. Pennsylvania.
Rock Island and Amalgamated Copper
made small fractional losses Otherwise
prices were higher.
Notwithstanding the buoyancy displayed
by Union Pacific and many specialties. gem
eral price movements were not uniform
and heaviness developed In spots. Eastern
ana southwestern railroad stocks and the
United States Steel stocks were among the
favorites that were sold steadily. The rise
In Union Pacific to 1914 was accomplished
oy the absorption Of thousands and thou
sands of shares of stock.
Southern Pacific kept pace with 1t I'm ac-
tlVity and gained u. Practically little
else OF interest transpired in the railroad
quarter. Federal Mining continued to rise
In sensational manner, the first hour
gain reaching over 10 points
Other noteworthy improvements were
Sloss- Sheffield Steel. 81; the preferred.
IN SieNeidnO, 1lnc1fnat1, chicago ST.
Louis, g. Republic Steel preferred and the
Lead stocks. to 21a; Smelling. y: Con-
solidated Gas. liz, and Louisville and
Nashville, Linseed and Republic Steel. 1.
Pullman and Wabash preferred declined l..
Prices generally were below the best at II
o'clock.
The reaction in Union Pacific was limited
to 1, and the check to it's decline steadied
other stocks after some of them had re-
acted point or more. Locomotive pre-
ferred fell to a point under last week.
After dull and sluggish period heavy
buying of Ontario and Western lifted it
2ss and animated the market
Amalgamated Copper, Reading and Atchi-
son preferred gained l, Northwestern IA :,
Linseed preferred "a and Manhattan
Beach 2k. Union Pacific and ST. Paul rail-
lied to the top Bonds We're firm at noon.
Concerted buying in various quarters i'm
parted an appearance of aggressive strength
to the market about midday 81 Paui
bulged to 179 and Northwestern gained "a.
Some of the eastern stocks came into active
demand, Baltimore and Ohio and Chesa-
peake and Ohio rising point, and the
Pennsylvania group generally selling over
last weeks closing.
In the specialties Sugar and Tennessee
Coal were bid up over point each. Profit
taking in western stocks clipped on a point
of the rise in ST. Paul. Union Pacific and
Northwestern, but the market rallied vigor-
ously again under the leadership OF the
United States Steel stocks, the common ris-
ing point.
The rapidity of the rise induced general
realizing late in the afternoon. The lead
ing western stocks and Ontario and West
ern ran off about point and Northwestern
2 Meantime the iron and steel stocks were
rising strongly. United States Steel pre-
ferred Colorado Fuel, the Pipe stocks.
Steel Foundries preferred and Corn Pro-
ducts advanced l to III. Federal Mining
preferred 3A and SIoss Sheffield Steel pre-
ferred On
Great Northern preferred sold at 295, a
gain of points. Central Railroay of New
Jersey. Rubber Goods preferred and Grass
Western advanced to above 81 at o'clock.