The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-29
WALL STREET
DECLINES AND ADVANCES
AT OPENING OF MARKET.
Irregularity the Main Feature in Stock
P~rices-Losses Greater Than
Gains, However.

NEW YORK. Oct. 29.-Openlng prices. OF
stocks showed irregular changes from last
nights closing. Some sharp declines were
mingled with fractional advances. Cana
dian Pacific broke 3K, Southern Pacific
preferred ., American Linseed Oil preferred
IL, New York Central. Baltimore and Ohio
and American Smelling l and Union Pa
ciic. Great Northern preferred and Toledo,
st. Louis and Western q. Northern Pa
oific rose l and Reading AMI Texas and
Pacific q.
II a. m.-Special stocks showed strength
for an interval after the opening, notably
the copper stocks and Northern Pacinc.
Heavy liquidation, however. in Canadian
Pacific, New York Central and Pennsyl-
vania weakened the entire market and
prices declined sharply. The two-point
rise In Northern Pacific was cancelled and
a similar gain in Anaconda was cut In two.
General Chemicak sold at a decline of 1S
points, Canadian Pacific, 81; Pennsylvania.
4; New York Central, ga: Brooklyn Tran
sit, 2&; st. Paul. ~; Union Pacific, Wis
consin Central preferred and American
Smelling, 3; Great Northern preferred.
Louisville & Nashville, ELECTROMAGNETIC
ropolitan preferred and Pressed Steel Car
preferred, IL; Westinghouse Electric, IA;
and Reading, Missouri Pacific, U. S. Steel,
Atchison, and American Car preferred. J..
Both Pennsylvania and New York Central
sold materially below the previous low
prices Of the year.
10 m.-There was a dearth of money in
the loan crowd on the Stock Exchange and
stocks were sold out of loans without much
regard to price. Some of the resulting de-
clines were: Canadian Pacific. 9A; Nor
folk & Western preferred, s; Pennsylvania,
as; Union Pacific, 4ss; Brooklyn Transit,
"A; New York Central. ga; st. Paul, 9$;
Great Northern preferred and Western
Union, 3; Missouri Pacific. 2B; Sugar, 25s;
American Smelling, IN; Delaware & Hud-
son, 21s; Southern Pacific, Louisville &
Nashville, and Reading, "a; and a lengthy
list Of stocks from l TO 2. There were
rallies in spots at noon. Bonds were ir-
regular.
/ p. m.-Business became quieter when
the market grew steady. There was ~
general effort TO force prices upward, but
Union Pacific. Pennsylvania and Brooklyn
Transit ruled about a point above their
lowest Reading first preferred rose 81.
Western Union declined 4. Pressed Steel
Car preferred 32 and Southern PacIfi' pre-
ferred. u. s. Rubber first prAfArred aid
American Telephone and Telegraph 3.
p. m.-Another drop in New York Cen
trail to below 95 kept up the depression.
the active stocks were not affected
much. Kansas City, Fort Scott and
Memphis preferred broke 10, Delaware and
5, Louisville and Nashville and
Copper A, North American 37s,
Twin City Rapid Transit 81, st. Paul pre-
ferred, General Electric and Virginia-Caro-
lima Chemical preferred 5, New York,
Chicago ind st. Louis "a, Baltimore and
Ohio and American Locomotive preferred
2$ and Atlantic Coast Line IA. CRANKY
gained 9a.
3 p. m.-The market closed fairly steady.
were rallies OF l to 2 in several
stocks when the RELAPSE in the call money
rate indicated that urgent requirements
had been met. This was after Delaware
and Hudson had fallen 6 points, New York,
Chicago and st: Louis second preferred 6A.
Pennsylvania 90, American Car preferred
8, New York Central Az, Consolidated Gas
3A, Reading and Northwestern 8, Central
Leather preferred 2% and Illinois Central
2M. Pittsburg, c., c.. and st. Louis pre-
ferred sold at an advance of 2H, Lake
Erie and Western 2%, Federal Mining 9
and the preferred 4.