The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-10
WALL STREET
MARKET OPENS WITH COP
PERS ON DECLINE.
Many Big Stocks Make Slight Drop, but
American Locomotive Sells at >
Advance.

NEW YORK, Dec. 10.-Opening prices OF
stocks were lower than last night, the cop
pers showing prominently in the decline.
American Smelling fell 1sb, Erie second
preferred ~. Northern Pacific. Missouri
Pacific. Kansas and Texas preferred, At
lantic Coast Line, Reading, American
Sugar and American Tobacco preferred
and Chesapeake and Ohio, New York Cen
trial, Toledo, st. Louis and Western pre-
ferred, A~malgamated Copper, Anaconda
Mackay Companies and Distillers' Secur-
lilies. large fractions. American Locomo-
tive preferred sold at an advance of 24s.
! II a. m.-The early depression was over
come for a brief time, and the initial
losses were practically recovered. turther
selling however, began on a large scale
at the higher level. and there was a re-
sultiug decline in which the Hill stocks
suffered severely. The coppers made some
show of resistance. as did the Harrimans.
Distillers Securities renewed Its W
ward course and there was also a con
tinuation of yesterdays pressure against
American Sugar. Nashville, Chattanooga
and ST. LOUIS fell 16 points, Distillers
Securities Az, westinghouse Electric D.
American Sugar ga, Great Northern pre-
ferred and international Paper preferred
90. Northern Pacific and American To-
DdCCO DIRltTI5u 9. I. L 1hAt y
Third Avenue and Republic Steel prefer
Third Avenue and Republic Steel
preferred IL, Canadian Pacific, Illi-
nois Central and Chesapeake and
Ohio IL, and Pennsylvania, AAmalga-
mated Copper. Brooklyn Transit and Cen
trail Leather /. United Railways and In
vestment preferred advanced 3, and Amer
lean Ice /.
Noon-The market had a moderate rally
which put American Smelling, the U. S.
Steel stock, Union Pacific and a few others
q small fraction above last nights prices.
Atchison preferred sold at an advance of
5 and Western Union 11s. Prices relapsed
abruptly later. when call money went to
% per cent. There were declines in st.
Paul. preferred of 5. American Sugar Az,
Great Northern preferred AZ, General
Electric 3h, Northern Pacific. Western
Maryland and Pittsburg, c., G.. and st.
Louis 8, Pressed Steel Car 2a, Reading,
Southern Railway preferred and American
Car preferred 2, National Lead preferred
21s. Brooklyn Transit and Chesapeake and
Ohio. ~ and Union Pacific, Atchison,
Pacific. Louisville and Nash
vile, New York Central. Delaware and
Hudson, Ontario and Western, American
Car. Virginia Carolina Chemical, U. s..
Rubber and some others l. Bonds were
easy.
l p. m.-Stocks continued to be pressed
for sale. the weakness of Reading and the
Western Railroad stocks inducing large
sales for both accounts. Northern, Pacific,
Pressed Steel Car and u. S. Rubber I'd pre-
ferred declined 35s, Northwestern, Della
ware and Hudson and Reading 3, Republic
Steel preferred 2A, U. s.. Rubber and the
LIST preferred 25, Erie I'd preferred 2 and
Southern Pacific, Union Pacific and Rock
Island preferred ~. U. S. Express Inn
) and Pacific Mail /.
2 p. m.-The market became very quiet
in the afternoon and there was a better
tone to the trading, although the ~recoveries
were slight. Mackay companies preferred
yielded "a and Kansas and Texas and Ma
tional Lead 1%.
3 p. m.-The market closed fairly steady
and dull. st. Pau got "a under last nighl,
Union Pacific, Southern Pacific and Kan
sas City Southern preferred ,. United Rail
and Investment 2s and Pullman 31s.
movement generally, however, WAS
narrow during the final hour. Prices made
some recovery towards the last.