Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-11-23
STOCKS WERE
RATHER UNSTEADY.
There Were Some Very Good
Over Night Gains
Noted.
PR0FlT.TAKlNG WAS HEAVY.
Orders For Many Thousands of shares
Of Union Pacific Caused Sellers
To Change Front.

New York Nov. g. Prices at the open.
Ing OF the stock market today moved
downwaTds from last nights closing lev
Ell. Recent leaders OF the advance were
prominent IN the decline, Anaconda drop.
ped Sls, American Smelling lost 2. the pre-.
ierred lSs, Reading and Lead IA. Metro
politan secuiiueo moved up a point and
Metropolitan Street RAJ way "a against
the current OF the market and Republic
Steel preferred rose 2.s on the dlstiuu.
ton OF portion 81 the accrued dividend
Traces Of yesterdays irrogulsrity exist.
cd wnen were LoI altogether remedlod
whcn me market began t. snow oNuonce
OF the good support Pror TO the turn-
nag pOlnt a hummer Oi additions wvie
mace 70 the opening list u losses mat
reached pOiHt or over inc ualng soutn-
ern tacinc, Deiaware ~ luGsVn, LOComO-
tive, tennessee Coal, halfway slecl
spring, International Power ana Electric
Stolast battery, y NUMBER OF rairodu
stocks recovered 70 yesterday Closing ana
there was renewal oI ncavy operations
IN u NUMBER OF spccldlties, Reauing. L.
3. smelling ana AmaIgaandteu made raj
lies Of / ~ lls. over AIsnt gains reach
cd 3%t IN Metropolitan st,eet hallway. 3
IN /. >, Rubber aud the first preferred, l
IN the SECOND preferred, q, In Mettopull-
tan securlues ana IN sugar ana kuDOer
The tone was easier al IL o'clock 81.
Louis AZ S. +. second preferred dropped
"a.
neavy profit taking again In some Of
the recent speculative IaVoritcs caused
ON Reading AT a decHue OF rs, smelling
80 the preferred :. Brooklyn transit 20.
Anaconda 5is, Tennessee Coal, Sl.ss-shet-
held steel 81 and national Lead "a.
In the Rock Island group the preferred
slumped pa, ST. Louis ana san Francisco
second preferred ana chicago and East
ern Illinois preferred certificates ., CEN
trial kaliroan OF New Jersey fell !. Lack
awanu0 3, International Power and Lin
seed showed some resistance to the pres
sure and rose again TO 10 when II was
relaxed international Paper gained :,
ana the preferred 31t. rrces eased on
again when Brooklyn Transit and Smelt'
ing showed fresh weakness
Bonds we're fairly steady at noon.
Traders who had been selling the list
freely reversed their position wneu orders
for many thousands Of shares Of Union
Pacific began to be executed after the
prices had dipped lower tnan before noon
This stock went up steadily on increased
dealings to l32a' over points above llS
lowest and ~, over yesteday closing
Noteworthy rallies occurred also N al
the kher special fayorites. southern
Iron group made up their losses Western
railroad stocks did not respond proper
tionately TO the advance In Union Pacthc
but recovered to near last nights level
The strength Of Union Pacific permeated
the general list and stocks OF all grades
commenced to ri-' more vigorously. Union
Pacific reached l51Ls, OF nearly points
above yesterdays closing and some of the
other standard stocks gained nearly a
point A number OF the especially weak
stocks Of the morning, however, contin-
ued to rule wen below last night especial
~ Smelling. Lead, Brooklyn Transit and
Reading Union Pacific preferred up 2
Delaware & Hudson fell ga and Pull
man l.