Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-13
Heavy Dealings and Sharp
Advances Marked Opening.
ROOM TRADERS LET GO
OvER-SATURDAY PROFITS WERE
TOO TEMPTING TO THEM.
Some Westerns and Specialites Became
Heavy - Isolated Advances Fol-
lowed in Some Instances.

NEW YORK, March 13-The stock mar
ket today opened with heavy dealings and
sharp advances in the speculative favorites
and the general list fraction higher
In sympathy Twenty thousand shares OF
Pennsylvania were taken at l4Ils and l4IA4.
compared with 146l4 on Saturday. Chesa-
peake and Ohio and Norfolk and Western
sagged a small fraction. Canadian Pacific
opened up 2k, New York, Chicago and st.
Louis. 27s, the second preferred ~ Cleve-
land. c.. c. and St. Louis, .: Louisville and
Nashville. Ia, and Northwestern and Chi
cago and Alton point There Were sharp
fractional gains well in New York Cen
trail. Southern Railway, Missouri Pacific
and Amalgamated Copper
The over Saturday profits were tempting
to the room traders and they promptly let
go their stocks. These offerings and some
pressure against the junior Pennsylvania
stocks forced prices back sharply. Cleve-
land, c., c. and st. Louis New York Cen
tral and Louisville and Nashville practi-
caly lost their rise and Canadian Pacific
tell back over point Some OF the western
stocks and specialties became heavy
Chesapeake and Ohio. Norfolk and Western
their previous close
Isolated advances were made in some in
stances, and before IL O'Clock the general
selling was over and the market was rs-
of point Lake Erie and Western pre-
ferred and L. S. Express gained =. Denver
and Rio Grande q, and the preferred, Min
neapoiis. st. Paul and Sault Ste. Marie.
Texas Pacific. Atlantic Coast Line. L. 5.
Steel preferred and Car preferred l.
st. Paul was carried up =. and strength
then turned to Union Pacific, with a gain
of rs. Active demand was revived also
for Pennsylvania, Pittsburg. c.. {. and st.
Louis rose 3A, the preferred =; New York
Chicago and st. Louis, As; Lackawanni
2$4; Lake Erie and Western, 21e: Colorado
Fuel 2&; Z. s. Express. 4; Beet Sugar, ).
and Mexica Central, Wheeling and La &c
Erie. first and second preferred, Chicago
Great Western, the preferred b. Iowa
Central, Tennessee Coal. Sugar Peoples
Gas. Manhattan and Brooklyn Transit be-
tween l and 2.
Consolidated Gas rallied q Canada South
ern fell rs. and Federal Mining and All!s-
Chalmers preferred 2. The list otherwise
moved narrowly, and the market was dull
and below the best at noon. Bonds were
firm at noon.
Selling orders were concentrated in St
Paul, Union Pacific and Colorado Fuel, but
their reaction Of a point did not affect the
general market much. Subsequent large
orders for Chesapeake and Ohio. which car
ried it up to 57h, revived an active demand
for the general railroad list and the market
stiffened sharply.
ST. Paul crossed $50 again and Union Pa
cific recovered to near 1876. Numerous spe-
cialties displayed increased activity, and
there were a number of substantial addi-
lions to the mornings advance in this class
of stocks. Lackawanna continued upward
touching 81.
Kansas and Texas preferred International
Pump preferred. Toledo Railway and Light
and Wooden preferred improved IL to 2L
International paper ruled point lower and
Dock preferred 90.
Occasional bursts of activity and a va
riety of uncertain fluctuations became the
rule. The hesitancy reduced the volume
of dealings. and it was only when New
York Central, Reading and Chesapeake
and Ohio were bid up aggressively that
York Central got back to 1928 and Read
ing moved up to 90 Is.