Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-04-06
.|NDUSTRIALS
MADE ADVANCES
Heavy Sales Of U S. Steel Pre-
ferred and Common at Higher
Figures
RAILROADS ACTED QUEERLY.
Some Sold Below Yesterday, Showed
Strength, Went Ahead, and
Thea Fell Back.

New York, April 6-Industrlal stocks
took a prominent place in the opening
trading today and show ed some striking
advances, There were running sales Of
5000 shares Of United States Steel pre-
ferred at lOOis and lOOls, compared with
993s last night, and the common rose an
extreme half on the transfer OF 1900
shares, Car made gain Of ~ and Lo-
comotiye Lead, Federal Mining preferred
and Brooklyn Transit about p int
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
were on. 1t was not until 81. Paul was
taken IN hand and marked up points
that some other railroad stocks began TO
show strength. Union Pacific was rapid
ly lifted a point American Smelling
rose 23s. The metal stocks were bought at
steadily improving prices, Unlted states
Steel preferred selling az zoos, or within
/ point OF It's record price made In 1901.
Belated advances OF a point or more
were made by Southern Pacific, Norfolk
q Western, Kansas a. Texas preferred,
Toledo st. Louis and Western, Amalga-
mated Copper, Tennessee Coal Pressed
Steel Car prefgerred and Steel FounorieS
preferred, 81. Joe and Grand Island rose
84l and Federal Mining g. There was
hat IN the buying a reaction running 4
lAl in Smelling TX In Atlantic Coast Line
Smelling preferred, The quick subsi-
denco Of offerings at the lower level led
10 an early recovery. United States Steel
preferred showed renewed yigOr on tho
rebound TO 1914
Bonds were steady at noon.
An almost Unsuitable demand was man
Tested for United States Steel preferred,
which advanced It 10 It's record figure Of
lO2h by o'clock Except for the Interest
attached to the growing strength and i'm
portance Of the lndustrials and special.
Ties as market factors little developed
that attracted attention. A number OF
medium and low priced railroad stocks
improved m St{g but TIE hshEer PGG
level. Federal Mining got up s.. 81. 10
seph & Grand Island FIRST preferred 4,
Locomotive 3. General Electric and G.
a A. preferred 2ss, Realty "a and Vest
q Western 2.
A sharp fractional reaction accompanied
n drop IN New York Central TO over a
point below last night but the dullness
prompted a rally. United states Steel
preferred held relatively Arm and rose
again 10 1925.
Profit taking affected prices IN the final
hour I'm spite of the strong advance OF 3
IN Atchison and lag In Canadian Pacific.
Toledo, st. Louis g. Western preferred
gained i&. Illinois Central g. Federal
Mining 10, United states Rubber preferred
2, and Kansas e Texas consolidated Gas
and Rubber Goods preferred I to ~. Ten
ncssco coal was forced back 70 more
than point under last night and the
general reaction ran TO liberal fraction.
moro and Union Pacific lost It's rise. The
closing was very activcand irregular.