Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-02-20
On Sales of Thousands and Thou.
sands Of Shares Went
Above 49,
FEDERAL MINING UP 10 POINTS
Concerted Buying in Various Quarters
Gave Aggressive Strength TO
The Market

New York, Feb. 20--The opening In the
stock market today was very active in
the Pacihcs Chicago Great Western
and ontario & Western First sales of
Union Pacific were Of 1900 shares at an
advance Of y. ST. Paul was up rs,
southern Pacific q and Ontario West
cm Y, Some OF the specialties also show
ed sharp gains, Federal Mining rose 2h,
the preferred ~, Lead rs and Smelling,
Pacific Mail and Locomotive a large frac-
ton TO a point Notwithstanding the
buoyancy displayed by Union Pacific and
many spcclaltcs, general price movements
were not uniform and neaylness develop
ed In spots. Eastern K Southwestern rail-
road stocks and the United states Steel
stocks were among the faVortes that
were sold steadily The rise In Union Pa
cllic TO l3lA was accompanied by me ab-
sorpuon OF thousands and thousands Of
shares Of stock Practically little else Of
intorest transplred In the railroad quar-
ter Federal Mining continued 10 rise
IN sensational manner the first hours
gain being over 10 points. Other note
worthy improvements were Sloss Sheffield
Steel ga, the preferred "a, G. c. s. g.
st. Louis 3, Republic Steel preferred ana
the Lead stocks 2 TO 2l2 Smelling ~,
Consolidated Gas IA and Louisville and
ANhaAANlilNt AflllHifu Nllu hADuuliA b.NNl Il
Pullman and Wabash preferred declined l.
Prices generally were below the best at
II o'clock
The reaction in Union Pacific was lin
tied TO / and the check to It's decline
steadied other stocks after some Of them
had reacted a point or more Locomotive
preferred fell 10 a point under last week
After dun and sluggish period heavy
buying Of ontario & Western lifted 1t Pm
and animated the market Amalgamated
Conner and other g1nTkg had similar
gains.
Concerted buying In various quarters
Impaired an appearance Of aggressive
strength TO the market after midday
ST. Paul bulged to no and Northwest
! orn gained pa, Some OF the eastern sNcks
came into active demand. the Pennsyl-
| vanla group generally selling over last
weeks closing, In the specialties Sugar
ana Tennessee Coal were bid up over a
point each. Profit taking IN western
stocks clipped of point of the rise In
st. Paul Union Pacific and Northwest
ern. but the market rallied vigorously
again under the leadership Of the United
states stocks. the common rising a point
Union Pacific and ST. Paul rallied to the
bonds were lrm at noon
The rapidlty of the rise induced general
| realizing late I'm the aftornono The lead
Ing western stocks ana ontaraio e. West.
| ern ran of about point and Northwest
| ern 2. Meantime the iron and steel stocks
were rising strongly United States Steel
| preferred Colorado Fuel, and Pipe stocks.
| Steel Foundrles preferred and Corn Prod
| uts advanced to ~. Federal Mining pre-
| ferred ga and Sloss-Shefheld Steel pre-
! forred 2ai. Great Northern preferred sold
at 295, a gain OF points, Central Rail-
| road Of New Jersey Rubber Goods pre-
| ferred and Grass Irvine lost a point each.
! ontario & Western advanced to above q
| at O'clock
Erie followed the Ontario e Western
| recovery with a gain Of ] point The Sec
ond preferred also rose l. But the dis
/ position to realize profits affected prices,
/ Union Pacinc especially falling back be-
/ low 1870 Metropolitan street Railway and
! Kansas & Texas preferred fell ! below
/ last week United Fruit advanced l.
! Amalgamated Coppers rise 10 about 70
! led rally and Atchs0n gained /. The
| closing was active and firm,