The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-09-12
BUSINESS AND FINANCE.
WALL STREET
PRICES OF STOCKS TAKE AN
UPWARD SWING.
Anxiety to Realize on Holdings Soon
Sends Them Down, but Another
Rise Follows.

NEW YORK. Sept. 12.-opening prices
of stocks showed vigorous advances over
last night with an active demand. There
were rising sales Of $500 shares of Unioa
Pacific at 1319a and 1919. compared with
1901 last night. and of 4,0W shares OF
/ Amalgamated Copper at s5Ss and 90 COM
pared with e4Is last night. Northern Pa
cihc rose > st. Louis Southwestern IFS,
Reading 1ss. Great Northern preferred ana
American Smelling IA and st. Paul,
Southern Pacific. Colorado and Southern
Great Northern Ore certificates. Brooklyn
Transit and Anaconda a point.
II n. m.-Extensive profit-taking speed,
lily obliterated the advance in the metal
stocks and materially Il those IN Tue
railroads. An interval Of dizziness and RS
ing prices followed and'the market reacned
the highest again. Renewed pressure
against Amalgamated Copper. which drove
it down to 64H. had only a temporary ei-
feet on the general market.
Observation-Disclosures Copper MADE d
downward plunge of pa to SPA. american
Smelling 1%, and Anaconda ~. The reac-
ton in the general market in sympathy uld
not entirely wipe out previous gains, anu
nrices rose. again when Amalgamated raj
lied 1ss. The trading became very ouil at
the rallyl. Bonds were Irregular.
n. m~.-Another collapse in the metal
proup affected American Smelling princl-
pally. that stock going dow go TO ".
AmaIgamated Copper receded to a new low
level at 6l5t, and the railroad list began 10
show less stability. Reading gave way 70
OIL. following news of disturbances on tne
Philadelphia Stock Exchange. u. ). Stee.
broke /. Minneapolis and St. Louis IA ann
st. Paul 17s. Louisville and Nashville ao-
anced Ia.
49, L11oIxe ~ IT 9 Steel were
thrown on the market and 1t broke to ~
The preferred was dragged down lss.
A~nalgamated Cooper and American Smelt-
ing sold lower than before. The efiect on
the general list was more moderate
American Smelling had lost Al
I'm to 2 o'clock Amalgamated copper
lost go, L. s. Rubber first preferred o.
Anaconda rs. Erie first preferred "a Na-
tional Enameling and American car pre-
ferred 2 and Pennsylvania, Reaoins. MIS-
souri, Pacific, Great Northern preferred
Colorado and Southern, T.. S. Rubber
sloss-Shefield Steel, Republic Steel, Utah
Coppper and American Steel
preferred / to Ia.
8 d. ln.-The market closed dull md rev.
erish. When intimations got abroad thaf
a shut Town of The Montana Copper camp
was in contemplation, prices broke oaaiy
all through the list. Reading was the
weakest CT the railroad stocks, which was
attributed to its speculative utilization III
Philadelphia. American Smelling lost u,
Amalgamated Copper AZ and Reading ~
to 91h. Other noteworthy declines were
st. Louis Southwestern preferred 4, Della
ware and hudson 3, st. Paul, Metropolitan
Street Railway and United States Steel
preferred 215.r Union Pacific and United
Steele. Missouri Pacific and North
ern Pacific Ia, Great Northern preferred
112 and numerous others a point or more.
The rally when shorts covered reached q
point in a few stocks.