Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-03
FINANCE AND TRADE
Large Buying Orders Marked
Today's Opening.
PENNSYLVANIA GROUP
READING WAS CHIEF FEATURE
IN INITIAL TRANSACTIONS.
Reaction Repressed General Market
More Than Coalers-Local
fractions Fell.
PENNSYLVANIA GROUP

NEW YORK, February 3.-Large buying
orders for stocks were placed over night
in the Pennsylvania group and the initial
transactions today ranged from $500 to
1900 shares, with Reading the chief fea-
ture. Pennsylvania itself was taken to
the extent of 1000 shares at from 1904 to
139k, an overnight rise OF "a. Readings
bulge the night before was accomplished in
few minutes. the tape showing 1000
shares from 927a to 03h. and further ex-
paBsion to the highest of the next two
transactions. Large buying of other stocks
was in order, and Kansas and Texas pre-
ferred, Southern Pacific Denver and Rio
Grande preferred and Kansas City South
ern preferred rose nearly point, while
Chicago Union Traction preferred moved
up 2.
A reaction to 90 by Reading had more
repressive effect on the general market
than it did on the coalers, some of which
continued to gain. Ontario and Western,
Delaware and Hudson, Baltimore and Ohio
and the Norfolk and Western stocks rose
l to liz.
The Pacific st. Paul and the Vanderbilt
stocks covered a narrow range and fol-
lowed Readings lead
Low priced railroads and industrials fig
ured prominently In the early trading es-
pecially Lead, which improved 1as and the
preferred 3A. Colorado and Southern Sec
ond preferred. Pacific Coast second pre-
ferred. st. Joseph and Grand Island second
preferred, Iowa Central, Consolidated Gas.
Federal Mining and International Power
hardened to 2 Amalgamated Copper was
extensively dealt in on its advance to 1914.
United States Steel preferred showed some
heavness.
The market was inclined to run off when
the rise in the coalers halted Union Pa
cific, Atchison. United States Steel prefer
red and the local fractions got fraction
under last night. Huge buying of Rock
Is and Dnllpd II nearly a mint
i1s rose again to 91H and steadied the mar
ket. -
New Haven rose 61k. Pittsburg, C. c. and
st. Louis SIS, American Agricultural Chem
ical preferred 2h, Rock Island preferred
and Central of New Jersey 2 and Iowa
Central preferred, Louisville and Nash
vile Pullman and Realty point.
st. Paul preferred lost 3, Long Island 2is,
Chicago and Alton ~ and Northwestern,
Chicago, ST. Paul, Minneapolis and Omaha
Detroit Southern, Pacific Coast. Duluth.
South Shore and Atlantic preferred, Rubber
Goods and Cotton Oil l. Bonds were ir-'
regular at noon
Bull operators had brief sway for time
In Reading and the Transcontinental stocks.
ana marked them substantially above the
II O'Clock prices. Reading touched 95h,
but was allowed to ease off almost immedi-
ately 10 "a, with subsequent rise to near
the highest.
Central Of New Jersey followed it closely.
touching 20oh. and Delaware and Hudson
made its rise 2. ST. Paul and Union Pacific,
which had been laggards during the fore
noon. rose y. and South Pacific, Missouri
Pacific and Wabash point. and the pre-
ferred 11s Among the specialties Virginia.
Carolina Chemical and, Federal Mining
moved up l. and Duluth South Shore and
Atlantic preferred fell off in ALL
Dealings contracted measurably on the
advance, the traders showing some reluct-
ance to following up the rise in the west
efn group. Blocks of thousand shares of
the ceaiers were taken late in the Afternoon
without much effect on quotations. This
was especially true of the Fries and Read
ing.
Delaware and Hudson advanced to 1871
and Pennsylvania crossed 14O, United States
express jumped eight and Long Island con-
verified an early loss of 1-2 into gain Of
as much. Duluth, South Shore and At
lantic preferred fell steadily, touching 81,
While the common reacted / 3-S