The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-30
WALL STREET
SHARP DECLINES IN STOCKS
AT OPENING.
Not Many Large Selling Orders, but
Buyers Were Even More Scarce
on Exchange.

NEW YORK, Oct. 30.-Opening prices of
stocks showed sharp declines throughout
the list, many of the prominent active
stocks falling as much as a point, and
Canadian Pacific 1875, Reading 2, Great
Northern preferred 1as and st. Paul IA.
The 1 point declines included the Harri-
man stocks, Northern Pacific, Great
Northern Ore certificates, Atchison, Penn
sylvania, Toledo, ST. Louis and Western
preferred, Brooklyn Transit and Ameri-
can Smelling. The selling orders were not
on a large scale, but the buying denlani
was insufficient to absorb them except at
the concessions.
An interval Of dizziness was without sus-
tanning effect on prices, and the decline
was resumed. The general Western group
and the Eastern trunk line stocks D. Were we're
the weakest features. Canadian racine
lost AZ. Louisville and Nashville. Union
Bag preferred and Southern Railway pre-
ferred 9. National Biscuit 2Ss, Reading ~,
Union Pacific, Great Northern preferred
"a, Northern Pacific. Peoples Gas and
Southern Pacific 2. Lead. Great Northern
ore certificates and INTERNATIONAL Mercan,
Ohio, Atlantic Coast Line, New York
Central and st. Paul III. Minneapolis, st.
Paul and Saulte Ste; Marie advanced,
Erie first preferred liz and u S. Pipe pre-
u M.-There was some further forced
LIQUIDATION after which prices rallied; The
declines extended in Des Moines and Fort
Dodge to ~, Maclay Companies 5A, U. S.
Rubber LIST preferred "A, Pittsburg q z.
and st. Louis 4, Atlantic Coast Line,
Northwestern, st. Paul preferred, Man
haitian, American Telephone and New York
Air Brake 3 to 3ss, Peoples Gas "a and
Delaware and Hudson ~. Canadian Pa
cihc rallied 2H, Louisville and Nashville
O.. Union Pacific ~ and st. Paul, New
York Central, Pennsylvania, Reading,
Northern Pacific and American Smelling l.
Corn products preferred r@e ia. Bonds
were weak.
l P. M.-Union Pacific and Northern Pa
cific recovered all of their declines while
Southern Pacific and Great Northern pre-
ferred sold lower than in the morning.
The general undertone was firm despite
evidence of liquidation in isolated stocks.
Chicago, Great Western debentures drop
ped IA points. American Telephone and
Telegraph and Distillers' securities 2.
American Car preferred improved 4 and
Central Leather preferred and Tennessee
D. m.-The market showed growing
strength late In the day, the transforma-
ton from the early weak tone arousing
a more optimistic feeling. All the i'm,
INTO variable advances. Corn Products
preferred advanced d, Canadian Pacific IA.
Paul 2; Union Pacific dd ~ ~ N @eriean
Kansas City Southern, American Car,
American Locomotiye, u. S. Steel pre-
ferred and General Electric l. Lacka-
wanna sold off 30l1 points, to 36sla.
8 p. m.-The market closed strong. The
buoyant rise In prices continued In the last
hour. Union Pacific was conspicuous ana
y was lp n1sn sd by syn6 nsTs Of the ne f ssaets in
stocks of other corporations to. its stock,
holders. Its rise over last night reached
IA. that of Northern Pacific 3H, st. Paul
and st. Louis Southwestern preferred =,
General Electric and American Sugar 4,
American Smelling 2A, Amalgamated Cop
per "a and Colorado Fuel 2H.