Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-06
Industrial Stocks Figured in
Opening Today.
STRIKING ADVANCES
SPECULATION IN SOME SPECIAL
TIES FAILED TO STIMULATE.
But st. Paul Rise Brought Strength 10
Standard Stocks-Number Adj
vanced q Point.

NEW YORK. April 6.-Industrial stocks
took a prominent place in the opening trad
ing today and showed some striking ad-
vances. There were running sales OF 5000
shares OF United States Steel preferred al
10Oisa1O0ls, compared with 99S last night.
and the common rose an extreme Il on the
transfer OF 1900 shares. Car made a gain
of ~ and Locomotive. Lead. Federal Min
ing preferred and Brooklyn Transit about a
point. Baltimore and Ohio rose Ia, and
Chesapeake and Ohio nearly point. There
were many large fractional gains also
amongst Industrial stocks.
Buoyant speculation In a number OF spe-
cialties and ordinarily inactive railroads
that have been for some time features OF
interest, failed at first to stimulate the
recognized standard stocks. and some of
them actually sold below yesterdays clos
Ing. after the effect of the opening rise
wore off. 1t was not until st. Paul was
taken In hand and marked up points that
some other railroad stocks began to show
strength.
Union Pacific was rapidly lifted a point
Other gains were Toledo ST. Louis and
Western pfd. 31s, Atlantic Coast Line 2@
American Smelling 2ss, Baltimore and Ohio.
Illinois Central Locomotive, and St Joseph
and Grand Island LIST pfd. 2: Central Rail-
road of New Jersey and Missouri Pacific
Ia. and the Atchison stocks. ST. Joseph and
Grand Island I'd pfd., Wisconsin Central
pfd., Rubber pfd.. Pipe, Car pfd.. Paper
pfd.. Locomotive pfd. and General Electric.
/ to IL. International Pump declined 3.
Nashville. Chattanooga and St Louis 2
United Railway Investment Ia and West
inghouse Electric l.
The metal stocks were bought at steadily
improving prices, United States Steel pfd.
setihg at loos. or within one point of its
record price, made in 1901.
Belated advances of A point or more were
made by Southern Pacific. Norfolk and
Western, Kansas and Texas pfd. Toledo
st. Louis and Western, Amalgamated Cop
per, Tennessee Coal. Pressed Steel Car pre-
ferred and Steel Foundries preferred. St
Joseph and Grand Island rose 80. and Fed
eral Mining 3. There was a halt I'm the
buying and reaction running to lZ in
Smelling, Ia in Atlantic Coast Line and |
In Missouri Pacific, Lead and Smelling pre-
ferred. The quick subsistence of offerings
a. the lower level led to an early recovery.
United States Steel preferred showed re
newed vfgor on the rebound to IOIk, Bonds
We're steady at noon.
An almost Unsuitable demand was mani
Tested for United States Steel preferred
which advanced it to its record figure OF
l02A by l O'Clock. Except for the Interest
attached to the growing strength and i'm
portance of the industrials and specialties
as market factors little developed that at
tracted attention.
A number of medium and low-priced rail-
road stocks improved materially. but this
higher-priced leaders held only steady at
the noon level Federal Mining got up j.
st. Joseph and Grand Island first preferred
4, Locomotive g. General Electric and Chi
cago and Alton preferred 2ss. Reulity ~
Westinghouse Electric and Toledo St
Louis and Western ,. Linseed preferred
and Knickerbocker Ice weakened to the
extent of point. -.
sharp fractional reaction accompanied
a drop in New York Central to over a point
below last night. but the dullness OF the
market at the decline again prompted
rally. Adams Express lost and Chicago
Terminal preferred ]. There were ad-
vances of a point more In Chicago Great
Western and Iowa Central preferred. L,
s. Steel preferred held relatively firm and
rose again to 1925. -.