Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-02-27
MARKET STRONG
BUT SHIFTING.
AT Opening Was Much Selling,
But Most Stocks We're
Higher
HUGE BUYING ORDERS SENT IN.
Leaders Made Jump aud Others
Generally Hardened ia
Sympathy.

New York. Feb. 27-sellIng to realize
on Saturdays bulge showed It's effect
In the opening dealings today, but the
majority Of stocks wero higher and some
Of them showed sharp gains New York
Central ran off IA and 1000 shares OF
Union Pacific sold at l3i% and 1854. COM
pared with 1855 ON Saturday. Illinois Cen
trial showed the effect Of the nro losses
at New Orleans with a decline OF IN on
the other hand. 10000 shares OF Pennsyl.
yania sold at l45 and li5Ai compared with
lii4l on Saturday, Northwestern was up
ia, Locomotive 2 American Express
Smelling and Delaware & Hudson point
and Erie, the second preferred and Paper
large fractions.
Stocks were sold freely in the first half
hour and the market quite generally
ruled below last weeks closing. Pennsy-
vania, Northwestern and Locomotive lost
their rise, Union Pacific broke to 1875 and
Louisville y Nashville Minneapolis 81.
Paul and Sault Ste Marie, Leather pre-
ferred, Sloss Sheffield Steel and Republic
Steel sold points under Saturdays close
Buying orders for huge amounts Of stocks
were distributed later and the speculative
favorites responded, naturally. New York
Central rallied to lGl, Pennsylvania to
ltA Union Pacific to 1868 and 81. Paul
to ISL. Stocks generally hardened in SYM
tlmore & Ohio, Missouri Pacific and At
lantc Coast Lane rose !, United Railway
and Investment W, Chicago. st. Paul,
Minneapolis & Ohaha "a. Louisville rec
oyered its losses and Illinois Central n
considerable part Speculation became
rather feverish at the top, some OF the ia
yorites reactlng sharply New York Gem
trail fell back below 100, Union Pacific
and st. Paul receded point again and
Reading fell IA below Saturdays close,
Enormous buying for Southern Pacific
up to 70a Induced only a slight response
in the general list and prices slipped back
TO the previous low point or below New
Steel dropped Z New York Chicago a St
Louis first preferred 8, Lead 2la and on
tario & Western, Northwestern G. G, G..
q St Louis, Toledo, st. Louis & Western
preferred Pacific Coast second preferred,
Tennessee Coal and Pullman TO ~. At
Rntic Coast Line was lifted "a, Pacific
Coast and Metropolitan Street Railway
~ and Realty, Brooklyn Transit Pacific
Mail, the Pipe Stocks and Rubber Goods
preferred point
Bonds were somewhat irregular at noon.
Dealings slackcned considerably, the
professionals, reducing commitments ow-
Ing to the frequent shifting OF interest
into selected stocks The spasms Of
heavy buying usually covered equallei
large sales elsewhere lmparting an UNI
even appearance 70 the market. The favor
shown to the local traction stocks at noon
when they were suddenly let down half as
much, ontario x Western turned into ex-
tensive demand again and easily rose
from 81 to 65ia Reading was also taken
In large blocks up to 90, and Southern
Pacific continued Its rise to 70A, Min
neapolis, St. Paul and Sault Ste Marie
declined ~, Northwestern and American
Express 9, following an opening gain OF
and Federal Mining preferred, Colorado
Fuel, Republic Steel preferred and Chi
Cago & Alton to ia,
Continued absorption Of large amounts
OF Southern Pacific was made, despite the
manifest pressure against other Trans
continental stocks, particularly Union Pa
'cl1o and 81 Pau, IL was not untll Z
ed MS that Union Pacific began TO SYM
pathize with its rise, As soon as Union
Pacific showed signs OF support 1t was
taken I'm hand and carried up 10 l3N
Railroad stocks OF all degrees advanced
again but there was little doing In the
specalties