The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-09-13
WALL STREET
STOCKS STILL DIS.
TURB HI MARKET.
Railroad Shares Resist the Downward
Movement, but the Trading Was
Not Very Active.

NEW YORK. Sept. 13.-The disturbing
incidents of yesterday in the copper trace
retained their influence in the stock market
today and centred on Amalgamated Cop
per, which opened wide. the hfst SOU
shares of that stock selling simultaneous
at so and 591s, compared with 6lss las'
! night. There was a subsequent rebound Ill
The price to 6O1s. Missouri Pacific fell IA
American Smelling 1 and New York Cen
| trail. Anaconda and Newhouse Mining q
| The decline in the general list was re-
| strained. opening prices showing a mixture
of gains and the whole list swinging up
wards in sympathy with Amalgamateo
Copper.
IL a. m. 1.-THE recovery carried Reading
and Union Pacific q beyond yesterday 5
closing. the latter selling ex-dividend. An
avalanche of long stock then came out IN
the coppers, and American Smelling ahu
u. S. Steel and the whole market dropped
rapidly The railroads, as a rule, showed
a far measure of resistance, although
Readi.~ and Union Pacific were sold
heavily. A let-up in the selling left a brlet
interval of steadiness, but when American
Smelling broke anew to Sly the genera
market again weakened. The principal
losses were American Smelling 4. Ana
conda 2%, Manhattan pa, National Lead o.
Allis-Chalmers preferred Ia, Republic
Steel, North American, u. S. Rubber 49,
Reading IA and the U. S. Steel stocks,
Pressed Steel Car, American Wooden, Fed
eral Mining, ACKNOWLEDGEMENTS
preferred, Central Leather preferred and
American Can preferred l to Us. st. Louis
Southwestern preferred and American Car
preferred, exceptionally, gained l and Ia,
respectively. The market rallied slightly
and became dull at the end of the hour.
Noon-Another downward plunge in
A,,orioon Gp,oItipu which carried il down
81 TO Ga, precipitated fresh declines else
where. A%malgamated Copper fell Sss to 5S;
National Lead lost 2A; American Wooden
"a, Brooklyn Transit and Twin City Rapid
Transit 21s. Reading ~, Rock Island pre-
ferred ~, ard the United States Steel
stocks anG Newhouse Mining lss. Other
prominent railroad stocks and industrials
lost as much as a point. A pause in the
liquidation led to a rally, but the tone re-
manned nervous. Cleveland, c.. {. and st
Louis rosc IL and Wisconsin Central and
American Locomotive preferred l. Bonds
were heavy.
L D. m.-Prices improved steadily after
midday, the Important railroad stocks ris-
ing to a parity with yesterdays closing or
above. The Hill group were in especial de-
Inand, Great Northern preferred gaining
IL and Northern Pacific rs. Amalgamatsd
Copper recovered 25s Of its forenoon loss,
ard American Smelling 81. Sugar was bid
up ? points to 112ha.
5 p. m.-The market closed quiet and
fairly steady. The recovery became buoy
ant, Northern Pacific. rising S9s over last
night, Great Northern preferred 3, Della
ware and Hudson 2%, Canadian Pacific rs,
Union Pacific and Missouri Pacific 2b,
Reading 2, st. Paul 1s and Great Northern
ore certificates 112. ~Amalgamated Copper
rose a fraction oVer last night, and Ameri-
can Smelling recovered all but a small
fraction of its loss. Knickerbocker Ice
sold 10 points lower than in March, the
preceding sale. The common stock rose 2.
The gains were not well held.