Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-23
FINANCE AND TRADE
Partial Check to Downward
Tendency at Opening.
VERY HEAVY DEALINGS
NOTABLY IN PENNSYLVANIA
AND UNION PACIFIC.
Apparent Support Held Market and
Prices Were Bid Up Above
Yesterday.

NEW YORK, March 23-The irregular
opening in stocks today marked a partial
check to the downward tendency with
which the market closed last night.
Changes were generally small, but there
We're very heavy dealings in some stoc&S.
notably in Pennsylvania and Union Pacific.
There were 5000 shares of the latter sold
a. the opening at 12S and 12Sss. compared
With 1885 last night. Pennsylvania opened
unchanged and then hardened a fraction.
There was a rise of IL In Colorado Fuel.
Northwestern ran off points and Tennss-
See Coal lost about a point.
Apparent support for some stocks neld
the market for time and prices were bid
UP above yesterdays closing all around
the room. Pennsylvania was taken in enor-
nous blocks at 141 before giving way. st.
Paul, Delaware and Hudson, Consolidated
GAG. Metropolitan Securities and Twin C::y
Rapid Transit gained 1 to Ia. Large sell-
Ing for both accounts was resumed later
ard the entire market sold lower than at
the opening. Louisville and Nashville. Car,
the Smelling stocks, Misunderstanding
Chemical and Allis-Chalmers preferred &C.
clined to IL and New York Chicago and
81. Louis second preferred 3. Speculation
was steadier in tone at IL o'clock bul was
becoming quiet.
Prices broke sharply again in the second
hour. The special weakness of Union Pa
cfic made bad impression on sentiment
fhat stock was forced down Is and then
rallied ~.
The Pennsylvania group and Atchison
We're relatively firm. Southern Pacific
Rock Island New York Central Ontario
and Western, Reading Atlantic Coast Line
the Toledo, St. Louis and Western stocks
Duluth, South Shore and Atlantic preferred
the southern iron stocks, the railroad equip
ment stocks and number of specialties
suffered losses "a mr.
AlliS-Chalmers preferred lost 3h and
Pittsburg, c. c. and st. Louis 3. a vigor-
Gus rally was in force at noon, with many
stocks higher than before Colorado Fuel
rose 29s over last night and Tennessee Coal
. Bonds were irregular at noon.
The noon rally was extended until the
market had recovered all of its earlier loss
es. In many instances prices ruled above
yesterdays closing, particularly for the
active specialties. Chicago Terminal, Chi
cage Great Western preferred and Met
ropolitan Street Railway improved a point
Realizing sales made bur little impression
on the market, although the volume of
purchases perceptibly diminished as prices
advanced. Union Pacific recovered all of
its loss and such fayorites as St Paul.
Pennsylvania. Atchison, New York Central
Amalgamated Copper and the United States
Steel stocks sold good fraction over yes
friday.
Baltimore and Ohio, Canada Pacific and
DistillerS Securities moved up l and Realty
2 points. Colorado Fuel had increased it's
rise to points by . O'clock American
Express and Colorado and Southern second
preferred declined .. Chicago Union Trac-
ton preferred 21, New York Air Brake
Az and Federal Mining g.
Prices advanced in the final hour.
Chesapeake and Ohio, Atlantic Coast Line
and Lead rose l and Steel Foundries pre-
ferred 11s. Then there was a sudden reac-
ton which carried New York Central, On
tario and Western, Southern Pacific, Mis-
souri, Pacific and Amalgamated Copper to
the lowest of the day.
AfterWard there was another rebound,
which carried Atchison, Amalgamated Cop
per and L. S. Steel preferred a point over
last night and some others to the high
level. st. Paul touched 1904. The closing
was active and generally firm.