Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-01-31
Large Realizing in Union Pa
cific Marked Opening.
AFFECTED THE MARKET
ONLY SHARE OF GAINS. BUT
WERE SMALL AND YIELDING.
Speculative Preference Was Shown
Upward After Hesitating Period.

NEW YORK, January 3t.-Large realiz-
ing in Union Pacific made the opening in
that stock today weak and affected the tone
OF the general market in sympathy. There
was share of gains, but they were small
and inclined to yield. Offerings of Union
Pacific were of 10000 Shares, which sold at
121A and 122. compared with 1913 last night.
Erie and Louisville and Nashville declined
T. Chicago, ST. Paul. Minneapolis and
Omaha showed an advance of ga and
Northwestern preferred rose point
Stocks which have been mentioned in
opments and deals fiuctuated widely during
the early trading Chicago St. Paul. Min
neapolls and Omaha continued its recent
buoyant course, touching 217 a rise of II
points. New York Central bounded up 2h
Wisconsin Central preferred "a. New York.
Chicago and st. Louis second preferred 2a
and Kansas City Southern preferred rs
Cleveland. Cincinnati, Chicago and st.
Louis. Chesapeake and Ohio. Canada
Southern. Peoria and Eastern, Wisconsin
Central the Atchisons and Twin City Rapid
Transit also rose to IL. Prominent stocks
otherwise rallied from the opening depres-
sion. Union Pacific reached 122n. At IL
O'Clock Pennsylvania began to share in the
heavy buying Of the eastern stocks. and
sold at 1881.
The speculative preference was clearly de-
fined for properties In which Vanderbilt
holdings are understood to predominant.
and the excited movements in these stocks
caused expectation of some important plan
affecting them. Chicago, st. Paul, Mime
apoiis and Omaha scared 2o points on light
takings and the preferred 35 points on
single transaction.
Northwestern gained 3A the preferred .,
New York, Chicago and st. Louis second
preferred 3h. Buffalo. Rochester and Pitts
burg preferred 5, and New York, Chicago
and st. Louis, Peoria and Eastern, the Lake
Erie and Western stocks, Delaware and
Hudson and Illinois Central / to 2. Mis-
,fG
nessee Coal, Republic Steel preferred, Peo-
pies Gas and Realty rose a point more
and the general list moved upward, but
with some constraint.
The movement in the Vanderbfits showed
signs of eliminating when St. Paul was
rushed up to 17S and United States Steel
preferred advanced strongly The Pacifics
were under persistent pressure. Attention
was diverted from bonds. but they were
steady at noon.
Traders who professed disappointment
over the regular dividend declared on Cleve-
land. Cincinnati, Chicago and st. Louis
promptly sold the stock. The price broke
from 1872 to 9S, and created some heaviness
in other Vanderbilts. Omaha broke Is from
the best
After period of uncertainty the market
moved up again and was decidedly firm at
1 o'clock Further advances were made of
In American Express, in North Amert-
can. Az in Peoria and Eastern, M in Hi
nois Central and to ~ in Sugar, General
stocks, United States Steel preferred st.
Louis and San Francisco first preferred.
Chicago Great Western preferred B, Iowa
Central, st. Joseph and Grand Island and
Wheeling and Lake Erie second preferred.
Metropolitan Street Railway showed ex-
ceptional heaviness and lost a point
Speculation In stocks was of a more con-
sentative character during the late Ses-
sion. With the elimination of the excited
buying and sensational fluctuations in the
high-grade stocks, the market relapsed into
comparative quiet and steadiness.'
Realizing sales made themselves felt from
time to time, particularly in Union Pacific,
which sold off again to below 122 Erie
first preferred reacted over a point from
the best. but the general 'undertone was
good up tos2 O'clock.
The Wisconsin Central stocks were
bought steadily at considerably higher
prices, the common touching 24A and the
preferred sos. Reading, Metropolitan Sc
curities and Linseed preferred gained a
point each.