The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-27
WALL STREET
OPENING PRICES KEEP IN
NARROW COMPASS.
London Exchange Opened After Two
Day Holiday Supplies No Trad
ing Incentive.

NEW YORK, Dec. 27.-Opening prices OF
stocks moved irregularly within a narrow
compass and on a small volume of bust
ness. The reopening of the London Stock
] Exchange after a two-day holiday interval
supplied no new incentive to trading. A
rise of a point in Missouri Pacific and a
decline of "a In st. Paul, Erie first pre-
ferred and Toledo, st. Louis and Western
preferred were the most notable changes
Third Avenue sold at n decline of 3%.
IL a.. m.-There was a general sag TO
prices after the first few minutes, prompt
ed by evidence OF liquidation In the indus
trials. The decline cost American Loco
motive and American Smelling l1a ana
Illinois Central, Great Northern preferred
and Virginia Carolina Chemical 1. A fairly
good demand arose later for the represen-
tative railroads and the entire market
recovered briskly. Northern Pacific and
American Sugar sold 1ss above last night
and New York Central, MO Pacific.
Colorado and Southern first preferred.
Northwestern and Amalgamated Copper
1; Nashville. Chattanooga, and st. Louis
gained 2h.
Noon-Prices continued to rise or light
transactions. Union Pacific and Northern
Pacific gained 21A, Missouri Pacific rs,
Bethlehem Steel III, Reading 49,, Great
Northern ore certificates and Pacific Mail
IA, Southern Pacific and Pennsylvania ls
and Mackay Companies, Ontario and
Western and Anaconda l. Third Avenue
fell 5Hs, CRANKY Mining 3, Sloss-Shef1eld
Steel 2%, American Locomotive 2, the pre-
ferred and Colorado and Southern second
prefer ed ~, and United States Reduction
preferred Ia. 0 were steady.
l p. m.-Bult operators were encouraged
to buy more literally, owing to the fact
that the rise in prices did not encounter
any considerable amount of stocks. Great
Northern ore certificates advanced "a,
Colorado and Southern first preferred 3Ss,
Northern Pacific 212, Great Northern pre-
ferred IA, New York Central, Delaware
and Hudson and Amalgamated Copper lls,
and st. Paul, Colorado and Southern, U. S.
Steel preferred, Atlantic Coast Line and
Brooklyn Transit l.
2 p. m.-The standard railroad stocks
and the more active specialties were
bought on rising prices. Northern Pa
cifc gained 31s;' st. Paul and American
Sugar Zs Reading and Amalgamated
Copper 2, and Baltimore and Ohio, Ameri-
can Car, u. S. Steel, General Electric and
North American l. Southern Railway
preferred receded l and Metropolitan
Street Railway 4.
3 p. m.-The market closed steady and
dull. Continuance of the rise extended
gains Tor Cleveland, c.. c. and st. Louis
preferred to 6A, Great Northern Ore Ger
~tlicates 3&, American Sugar 3k. General
Electric 8, Missouri Pacific 23s, Greai
Northern preferred 2, Southern Pacific,
Pennsylvania and Wheeling and Lake Erie
first preferred Ia, American Ice Ia, inter
national Pump rs, Peoples Gas IA, Louis
vile and Nashville Us and Norfolk and
Western, Kansas City Southern preferred
and the American Smelling stocks /. some
reaction followed a rise in the money rate
Minneapolis, st. Paul and FAULT Sainte
Marie aud Denver and Rie Graade pre-
ferred fell about a point and Kansas City
Southern ~. There was a subsequent
rally to top prices.