Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-14
Opening Showed Effects of
Selling to Take Profits.
OfFSETTING AIMS
HIGH-CLASS RAILWAY STOCKS
FEATURED THE MARKET.
Others Were Reactionary Principal
Leaders Reacted-Rally and
Partial Recovery.

NEW YORK. March II. - The opening
stock market showed the effect of selling TO
take profits today. but there were offsetting
gains in many stocks. Thrty-ve hundred
shares of New York Central sold at 16ii2
and 164A, compared with lG5l2, the last price
last night. Canadian Pacific fell IA, Atchi-
son about point, and Baltimore and Ohio
and Consolidated Gas large fractions. The
Toledo. st. Louis and Western stocks were
strong the preferred rising "A and the COM
mon a on light transactions.
BIT ancy and heavy buying of number of
high-class railroad stocks gave tone to tile
market. New York Central bounded up to
1874. ST. Paul to 1884 and Union Pacific to
1854. Chicago. ST. Paul, Minneapolis and
Omaha jumped I, Northwestern preferred 8,
Car preferred 214, Toledo. ST. Louis and
Western and Illinois Central, Denver and
Rio Grande preferred, New York, Chicago
and ST Louis, American Car and Smelling
to fk
Elsewhere stocks were reactionary, and
the entire market became heavy toward IL
o. clock. The principal strong stocks react
ed between l and points. New York Cen
trail falling 1, to rs. Pennsylvania sold
point under last night. Overnight losses
reached ~ in New York Air Brake 21a in
Consolidated Gas, "a in Cleveland. c., c.
and st. Louis, IA in Chicago Terminal pre-
ferred. 11s in Pump preferred and IA in
Hooking Valley.
The selling became quite general and left
st. Paul only small fraction of its gain.
wiped out that in New York Central and
carried Union Pacific a fraction below last
night. The loss in Pennsylvania reached
H. Louisville and Nashville . Consolidated
Gas 81, and Reading. Norfolk and Western.
Northwestern, Chicago Terminal, Amalga
mated Copper. Paper and Colorado Fuel l
more.
There was effective rally of point or
more in some of the leaders. Smelling be-
came strong, with rise of %. and the pre-
fer!ed. Lead. Pullman. Wooden. Allis-Chal-
mers preferred, Pipe and Chicago and Alton
preferred point or more. The recoveres
were partly yielded again before noon.
Bonds were steady at noon.
sensational advances occurred at inter-
vals In stocks in which the floating supply
is small case in point was Lackawanna,
which sold at 400, making the 23-polnt
jump on two transactions. Northwestern
preferred also improved points Coal
stocks generally gained. Central of New
Jersey rising " and Delaware and Hud-
son recovering its previous loss and a point
additional
Speculation was spotty some stocks ris-
ing in sympathy with the various bull dem
onstrations, while others hung back. Kan
saS City Southern preferred rose 23s and
Iowa Central preferred, Chicago and AL
ton and Federal Mining preferred. to liz.
Sloss Sheffield Steel dropped = and Chi
cago, ST. Paul, Minneapolis and Omaha
preferred, 3.
concentrated DuSlNS OF SelecleQ STOCKS
stimulated the upward movement again
after - o'clock. Smelling extended its ad-
vance to 1918 and Ontario and Western
was bought heavily up to 5Sk. The earlier
leaders of the market were benefited some
what but did not recover to the high fig
ures of the morning. Moderate selling was
effective in driving down few stocks. At
lantic Coast Line. Della ware and Hudson,
Lake Erie and Western preferred. Tennes-
see Coal and Corn Products preferred lost
/ to IA Sugar gained "a. Northwestern, .,
and Lead preferred and Distillers Securi
ties / to IL.