The evening star and Newark advertiser., 1907-10-28
WALL STREET
STOCK MARKET OPENS WITH
GENERAL ADVANCES.
Some Exceptions to the Rule, Among
These Being Central Railroad
of New Jersey Shares.

NEW YORK. Oct 2S.-Prices of stocks
opened at sharp advances over Saturday
with the exception of some of the less ae-
tive issues, in which there were declines.
American Smelling started points higher,
as did Northern Pacific, Sugar, Westing-
house Electric and Toledo. st. Louis and
Western preferred Amalgamated Copper
rose 11s, Union Pacific IA and Louisville
and Nashville. Atchison. Southern Railway
preferred. Erie first preferred Anaconda
and Utah Copper 1. North American sold
at a decline of u.s. Central Railroad of
New Jersey 2, Southern Pacific preferred
III and American Car about a point
II a. m.-Some of the active stocks
yielded after the initial dealings, Union
Pacific, Reading and American Smelling
reacting a point Elsewhere the tendency
was sharply upward, but buying was very
light. Toward the close of the hour the
market rallied to the opening level or
above, Amalgamated Copper rising 511s,
gain of 2b. Minneapolis, ST. Paul and
Sault Ste Marie gained IA, Mackay Com
panies 81, st. Louis Southwestern pre-
ferred An Illinois Central, National Bis
cult and Consolidated Gas 8, Westinghouse
Electric 315, Great Northern ore certif-
Gates, Pressed Street Car preferred and
Manhattan 21a Baltimore and Ohio, New
York Air Brake "a, Northwestern and
National Lead 3, Chicago Great Western
preferred A ~, Norfolk and Western and
Delaware and Hudson 13s and Missouri
Pacific, Brooklyn Transit, Federal Mining
preferred, U. S. Steel preferred and Inter
national Paper preferred l. American
Agricultural Chemical preferred yielded 7ss,
American Locomotive preferred and In
terna tional Pump preferred, Virginia-Caro
lima Chemical preferred u. S. Rubber first
preferred and National Lead preferred l.
II m-Ilinois Central rose H. American
Telephone 5, Republic Steel preferred and
Pittsburg Coal preferred g. Anaconda, Ten
nessee Copper and Utah Copper 2%, Union
Pacific and Atchison 1%. Denver and Rio
Grande. Brooklyn Transit and Colorado
Fuel III and some others a point. These
advances were maintained, but business
was very light Bonds were firm.
1 p. m.-The tone of the market at 1
o'clock remained strong. There was prac-
tically no business in the active stocks.
Some minor stocks made substantial adj
vances. Northwestern preferred rose 10,
Westinghouse Electric 5, Federal Mining
preferred 4, Manhattan Sl2, Denver and
Rio Grande preferred g. Atchison preferred
2A and Delaware and Hudson 23s.
p. m,-The movement of prices upward
ceased about the middle of the afternoon, |
and there was general reaction which
ran to a point or more in spots. Union
Pacific. Reading and the Hill stocks were
most affected. Reading sold a point below
Saturdays closing. Westinghouse Electric |
got up S1s.
p. m.-The market closed irregular. |
Difficulties in realizing loans with the dis
solution of the bankers pool to supply !
stock exchange needs caused a recession
all around. Reading fell "a below Satur-
day, st. Paul 19s, Northwestern and Amer /
lean Smelling l and some other active /
stocks fraction. The selling was not in
large volume.