Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-13
Opening Prices Moved Up
ward All Around Today.
BUSINESS WAS LARGE
SHARP CHANGES OCCURRED DUR
ING THE FIRST HOUR.
List Showed Good Deal of Feverishness
Large Blocks of Read
ing Bid For.

NEW YORK, April 13.-Opening prices OF
Btocks today moved upward all around On
n fairly large volume of business. Tennes-
see Coal was the leader. with a gain of pa.
Smelling rose IL Brooklyn Transit IL and
New York Central. Kansas and Texas pre-
ferred. Locomotive preferred and Lead
about point.
Sharp changes occurred between 10 and
III o'clock in a few stocks, representing the
results of the profit taking of the opening
advance and the aggressive efforts to force
chosen stocks upward. AS a consequence
the list showed good deal of feverishness
Rnd ST. Paul, New York Central, Union Pa
cific and Amalgamated Copper reacted be-
low the previous close. Illinois Central,
Ontario and Western, Delaware and Hud-
Son and General Electric lost a point.
Large blocks of Reading were bid for.
and 1t went through all offerings until 1t
crossed 81. Smelling encountered heavy
realizing orders at frequent stages of its
advance. but it eventually got within one
Eighth of 123.
The buoyancy of this stock did not have
much effect in stemming the sales of Loco
motive, Lead and United States Steel pre-
ferred. Pressed Steel Car. Republic Steel
preferred, Sloss- Sheffield Steel Erie second
preferred. Norfolk and Western and Ter
minal preferred moved up 1.
Reading was pushed up rs, and Smelling
to within a shade of 124, but the general
list dragged and became very dull, when
Smelling reacted over point Locomotive.
Lead and Brooklyn Transit lost their gains,
and Westinghouse Electric fell a point.
North American advanced 2B. Philadel-
phia Rapid Transit 2A Sloss-S Sheffield Steel
and Lackawanna, Erie second preferred.
Denver and Rio Grande preferred, Duluth,
South Shore and Atlantic preferred, Car
preferred, the United States Reduction
stocks. Realty and Twin City Rapid Transit
l to ~. Bonds were steady at noon.
Moderate selling of representative rail-
road stocks offset to a large degree the
stimulating effects of the rise in Smelling
and U. s. Steel preferred. After Reading
had gained 3 points the demand became
less insiStent, and was diverted into Penn
sylvania and Erie, which rose point CHI.
Westinghouse Electric was bought at l10
and rallied points.
General Electric also gained poirt.
Large orders for u. S. Steel preferred flow
ed into the market after 1t got over 1U3.
and 1t worked up to 103H becoming dull
at that level. Illinois Central yielded near
ly points and then began to rally. United
Railway investment dropped points 10
81 and recovered half the loss. The pre-
ferred, Federal Mining preferred and Chi
cago and Alton preferred fell 1, and North
western IL. Cotton Oil and Rubber Goods
preferred advanced point.
Pennsylvania lifted It's subsidiary stocks
and strength spread into the grangers and
other stocks that had been laggards in the
and Baltimore and Ohio. Chesapeake and
Ohio, New York Central Amalgamated
Copper, Peoples Gas and Colorado Fuel
point or more. Linseed and Virginia Car
olina Chemical gained H. and Rubber
Goods lost as much.