The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-17
WALL STREET
PRICES OF STOCKS GO
LOWER AFTER OPENING.
Heavy Liquidation in Coppers and in
United States Steel Largely
Responsible.

NEW YORK. Oct. 1.-THE rather fever
ish activity of the opening dealings In
stocks reflected the unsettlement remain
ing after yesterdays nervous market. The
fluctuations we're limited in extent. how
ever. in most of the active stocks, ano
there was a fair mixture of gains WITH
the prevailing losses. A feature was the
sale of 1000 shares Of Southern Paeihc
at 72ia and 70 compared with IA last nlght,
and LOO shares of U. s. Steel preferred
sold at S2A and 50 compared with S29s last
night. Western Union 0nd American Smelt-
ing preferred dropped ~, Canadian Pacific
Ia. Mexican Central and Wisconsin Cen
trail preferred a point and Toledo, St. Louis
and Western preferred, Southern Railway
preferred and Anaconda large fractions.
Third Avenue advanced 5 points, missouri
Pacific 2 and New York Central and Den
yer and Rio Grande q.
II e TIA decided drop in prices oc-
cured soon after the opening as a result
of the heavy liquidation in the copper and
u. S. Steel stocks. The low prices of yes
terday were eclipsed BY many of the rep
resentative stocks, including st. Paul,
Southern Pacific, u. S. Steel, Amalga-
mated Copper and American Smelling.
The largest declines were CRANKY Mining,
5. American Smelling preferred, AZ; Vir-
ginia Iron, 3ls; American Smelling and
Colorado and Southern. first preferred,
81: Kansas City Southern preferred, pa;
Toledo. st. Louis and Western preferred,
29s: Delaware and Hudson, 2; Amalsa-
mated Copper and Northwestern, 12, and
Union Pacific, Northern Pacific, Great
Northern preferred, the st. Paul stocks,
Reading, Ontario and Western. U. S. Steel
preferred. Brooklyn Transit, American
Car preferred. American Sugar, Cotton
All n.4,.4k T-tAo Dnt1rrro.r an1 1Nxtf1
City Rapid Transit 1 to IL. Buying or
ders for both accounts caused a SUISSE
quent rally of about a point In many
stocks.
II m.-The support which the market
received caused a recovery of the early
losses in the leading stocks. Meantime,
there was a spilling out Of long stock IN
minor stocks. The market showed nerv-
BUSINESS at the top prices, but held COM
paratively well. Great Northern ore GER
~tificates and General Electric were marked
1. and Detroit United Railways and
Corn Products preferred 3. Losses We're
as follows: st. Louis Southwestern pre-
fered and Adams Express 5, American
Tobacco preferred AZ; U. S. Pipe pre-
ferred ~ North American 4, Tennessee
Copper and u. S. Rubber first preferred
3, Southern Railway preferred "a, Minne-
apolis and st. Louis 2, S"loss-Shefield Steel
IL and Pressed Steel Car, Pittsburg Coal
preferred, American Wooden preferred,
Railway Steel Spring, Anaconda and Con-
Gas / to ia Bonds were easy.
p. m.-Efforts to drive Reading down
support at S61s and 1t rallied.
Elsewhere the movement was slight but
the general tone was strengthened by the
bidding up of Atchison, Northern Paci1c
and Brooklyn Transit. Brooklyn Transit
rose IA and Atchison and Northern Pacific
National Lead preferred fell 3 and
Mackay Companies l.
2 D. m.-Heavy selling of Amalgamatsd
Copper was resumed, and 1t receded to 1914.
The effect of the drive on the general list
was comparatively slight and prices
hardened when Amalganated Copper raj
lied 10 sou. Brooklyn Transit extended its
rise to 42%. Great Northern ore certln-
rates also advanced 2, Consolidated Gas W
and Tnion Pacific and U. S. Rubber second
l. St. Louis Southwestern pre-
ferred made a further drop to 80, a loss
Of z points. Tennessee Copper was down 4:
and Southern second preferred
and United Railway and Investment 2 and
Enameling ~.