New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-10-22
STOCK MARKET OPERATIONS.

With confidence once more restored in the
local banking situation it was only logical that
there should he q sharp upturn yesterday IN the
stock market. Prices for American securities
were from q to points higher in the London
market before the local opening. and this rise
was more than reflected In the initial prices
here Substantial gains were the rule through
out the active list Amalgamated Copper. Union
Pacific. American Smelling and Southern Pa
oihc opening up from l TO 2l2 points. There
was a brief period Of hesitation with a short
and sharp decline soon after the opening bulge.
and then the list steaded and an orderly ad-
vance started, which resulted before the days
trading over in such substantial gross gains
61a points in American Smelling, as in
Union Pacific 31z in Amalgamated Copper,
33s in Reading 27s in St. Paul 3 = in Northern
Pacific, = in Southern Pacific in United
States Steel preferred and = in Consolidated
Gas There was natural enough reaction from
the high prices just before the close. but all
the speculative leaders closed with handsome
net gains for the day.
American Smelling common and preferred
scored the largest net gains. the former ad-
vanCing SIS points and the latter Az. The
common stock which on Friday last made its
low record for the year, Ga. sold yesterday
as high as 10 National Lead common was
another industrial issue which showed excellent
recuperative powers, closing at 4154. a net gain
OF "A points The United States Steel stocks
which have been noticeably weak recently i'm
proved yesterday in common with the other IN
dustrial issues. the preferred advancing 81
and the common ~. Amaleamated Copper
was buoyant throughout the session, and closed
at a net advance of 3 Il points.
There were no laggards among the prominent
raIlroa dissues, which showed good ralving
power, most of them holding the greater part Of
the advance until the close. When trading ended
Atchison was up 4 points, Atlantic Coast Line
@12, Canadian Pacific 81. St. Paul 2ss Great
Northern preferred 2 Louisville &. Nashville .
Missouri Pacific "a. Northern Pacific ga Penn
sylVanla IL, Reading "a. Southern Pacific 35.
Union Pacific ~ and Denver & Rio Grande
common pa There seemed to be considerable
liquidation throughout the session in New York
Central, which sales Of upward Of $4,000
shares, far more Of the stock than is usually
traded IN on any one day, sold down to 995s
closing at 1914, a net gain of only q for the
day.
There was lively trading in the common and
preferred shares Of the marlborough Metropoli-
tan, but the activity decidedly at the OK
pense Of values, both issues selling down to new
low levels. The common, on sales Of over 1000
shares dropped 10 ~ and closed at the bottom
while the preferred went down Il i and re-
fused 10 rally. American Ice was also unusu-
ally active and decidedly weak On transactions
Of upward Of 1000 shares the price broke points
10 Is and closed with only l point rally Co
incident with the weakness of American Ice on
the Stock Exchange the Consolidated Steamship
bonds, the other important Morse security. broke
70 new low levels on the curb