The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-11-29

Wall St, New York, Nov. 2s.-STOCKS
Opening prices in the stock market
showed many changes from last night.
The wide fluctuations, however, were con-
fined to the department of speciaIties.
Amongst these NEUTRALITY-SUSPICIOUS. Chemi-
cal rose l3s points, COLORADO ana South
ern IA points, Reading rs points. Amer
lean Wooden lost IA points. Sloss-Shef-
field Steel and Tennessee Coal and Smelt-
ing a point and Metropolitan Street Rail
way and Denver and Rio Grande prefer
red large fractions. There were subse-
quent reactions which reduced the large
gains and also modified some of the
losses.
Emphasis to the heavy realizing of the
last few days in special stocks by the pre-
cfpitate fall in prices which occurred dur
ing the first half hours business. Con-
trary to recent operations the entire mar
ket suecdmbed under this setting. Pull
man and Tennessee Coal yielded 5 points
Sloss- Sheffield Steel ~ points and De.
troit Southern preferred certificates g
points. Lead, which had opened strong
" at &c. fell to IS, and all other previous
" higher stocks surrendered their ad-
vances and something more. Signs Of
support became definite enough to insure
heavy buying to cover ana the market
rose snartly with number of stocks
mounting to well over yesterdays closing.
Lead rebounded to I1A, q gain of 3
points. Tennessee Coal went up 81 points
from the lowest and Sloss-S Sheffield Steel
2 points. In general way the market
fought back a portion of It's losses, but
continued to manifest traces OF feYerish-
ness.
Prices wavered from time to time, the
general movement proving narrow and
dealings less active than recently. The
specialties Joining the upward movement
included Cotton Oil 2 points, Virginia and
Carolina Chemical 1sl points. Colorado
and Southern first preferred IA points
and Rock Island preferred Brooklyn Dap
| id Transit, United States Pipe, Railway
/ Spring and Dfstillers' Securities a point.
1 The general reaction checked this move
ment and carried some stocks lower than
] before. Anaconda dropped 4 points. Read
/ ing's advance to 1Ss points over yesterday
| checked the reaction, but brought trad
! ing nearly to a standstiU-
Bonds were irregular at noon-
| The general list might have been elm
| mated from the category of stocks traded
/ in for all the interest that was manifest
ed outside of Lead and Reading. Both
of these stocks went up in an irresistible
I manner despite the large offerings that
I the rise invited. Reading reached 1874.
1 a gain of 2ss points. and Lead Overshad-
/ owed yesterdays record price. touching
/ 7414, a rise of points. New York, Chi
cago and St. Louis preferred improved ~
points, while Great Northern preferred
/ lost point. Wisconsin Central IL points
and Lead preferred 2 points.
! Strength revived in the industrials with
/ the recovery in Lead. Smelling and
| Amalgamated Copper rose , points over
| last night. Republic Steel and Tennessee
/ Coal ia points and Sloss-Shefield Steel a
I point. Central Leather gained IA points
/ and Canadian Pacific 1 point The gen
! eral list was rather Indifferent to the
| movements and was unsettled when the
| metal stocks reacted. Lead. Smelling and
| Tennessee Coal dropped back over
points. The NTetropoltans yielded easily.
/ Northern Pacific lost 1 and Great North
ern preferred ? points.