Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-24
FINANCE AND TRADE
Southern Iron Stocks Fea-
! tured Today's Opening.
FEVERISH AND EXCITED
QUITE AN ACTIVE MOVEMENT IN
SLOSS- STEEL.
Early Demand Embraced Wide Range
of Securities-Railways Were
Benefited.
FEVERISH AND EXCITED

NEW YORK, February 24.-The Southern
| iron stocks were feverish and excited again
| in the opening dealings today.
Sloss-Sheffield Steel jumped four points
| to 116, and 5000 shares Of Tennessee Coal
were sold at 921a and 93, compared with 90
last night. The Republic Steel stocks were
| rather quiet ard were slightly depressed
The dealings in the general list were not
| notable outside a few stocks. but gains
predominated over losses. Six thousand
| shares of Union Pacific sold at 1907 and
131. compared with 1904 last night. Min
| neapolis, St. Paul and Sault Ste. Marie
rose IL. and Ontario and Western and
Colorado Fuel about point.
Speculative operations were not so con-
gested in a few quarters as on yesterday,
| the early demand embracing a large num-
Der of stocks. The Southern iron group
moved in a more orderly manner and was
considerably less active. Tennessee Coal
got up AZ and Sloss-Sheffield Steel 61z.
New York Central, Missouri Pacific.
Union Pacific and Ontario and Western all
benefited materially from an enlarged de-
mand.
New York Central was bid up to 1904
Stocks in which selling orders were effec-
tive at the start received support and at
| times the market in general was strong.
Minneapolis, St Paul and Sault Ste.
q,
| Ontario and Western and Smelling Ia. and
Union Pacific, Canadian Pacfic, Missouri
Pacific, Brooklyn Transit and Rubber to
X. st. Paul advanced point. Inter-
| national Power and United States Express
ran off D. and Pacific Coast, Federal Min
ing and Lead l to ~. Some Of the active
features were point or more below their
best prices at IL o'clock.
The reaction was moderate but checked
the activity of the market. Amalgamated
Copper led rally with a gain of a point
and prices recovered to the top for some
stocks. Wabash preferred. Kansas City
Southern preferred, Car, Hide and Leather
preferred, Metropolitan Street Railway
and Locomotive rose 1 to IL. Virginia Iron
~ and Electric Storage Battery 3. Lacka-
wanna fell ~. Federal Mining 4. Great
Northern preferred 90, and Pittsburg. c. c.
and st. Louis and ST. Louis Southwestern
point more. Bonds were steady at
noon.
Upon renewal Of the demand for
stocks of first Importance. particularly New
York Central, Union Pacific and Illinois
Central, prices again rose with some vigor.
A number of obscure specialties were
brought into prominence and made adj
vances of to points.
New York CentraPs rise to 1o1& indicated
a gain overnight of 3h and was made on
unusually heavy purchases. Union Pacific
brought 1873 and Illinois Central and North
western gained over a point. Biscuit was
taken very freely and touched 59@.
Railroad stocks absorbed the bulk of the
late afternoon dealings. and there was a
further considerable expansion of the day $
gains. Low-priced stocks were very ac-
tive. especially Erie. Rock Island and
Southern Railway. The Southern group
were conspicuously firm. Southern Railway
rising q, Louisville and Nashville a point
and Illinois Central IA. Minneapolis, St.
Paul and Sault Ste. Marie and Virginia
Iron went up on wide fluctuations, and at
o'clock ruled 81 and 81, respectively,
over yesterdays closing. Other gains
l,a1 INF in, ri pny,y, r1y,fa
Mexican Central and Rock Island and in
Kansas City Southern preferred.