The evening star and Newark advertiser., 1907-10-11
WALL STREET
NERVOUS STOCK MARKET;
PRICES sFLUCTUATIMG.
Declines More Numerous Than Advances
at Opening Pacific Prin-
cipal Loser in First Hour.

NEW YORK, Oct. 11-First prices of
stocks were but little changed from last
night and there were both declines and
advances The declines were tile more
numerous an conspicuous. Kansas City
Southern preferred sold at loss of 3.
Canadian Pacific 1ss. National Biscuit l
and Louisville and Nashville and 9na-
conda large fracti ms. The volume of deal
ings was moderate.
II a. m.-The speculation was nervous in
tone with some stocks f1uctuating a point
eigther way frequently until the list be-
came weak all round The low level re-
flected losses of 2ss in Canadian Pacific.
in Missouri Pacific. American Smelling
and National Lead preferred, Ia In North
ern Pacific. General Electric and National
Lead preferred. 1h in Northern Pacific,
General Electric and National Lead, IA
in Anaconda and Consolidated Gas and l
in Railway Steel Spring. Union Pacific.
Amalgamated Copper and Detroit United
Railways. American Car preferred rose
2ss, Chicago, ST. Paul, Minneapolis and
Omaha IL and Union Pacific preferred l.
IL m.--Stocks came upon the market in
large volume during the second hour
Declines .in a number of those for which
the market is usually most active reached
a point or more. but the fall in prices was
violent where the market is usually mar
row. ana III some OF the dCilNe
Nashville, Chattanooga and st. Louis sold
at a decline of Il, Colorado Fuel preferred
5h Lake Erie and Western preferred o..
Consolidated Gas AZ, Missouri Pacific 3%,
Westinghouse Electric 3la Canadian Pa
cific 3A American Smelling Sk, National
Lead and Brooklyn Transit 2h Mime
apolis, st. Paul and Sault Ste. Marie,
Great Northern Ore certificates and Ana
conda pa; U. s. Realty 2ls General Elec-
% af,1 l1xrfll
Amalgamated Copper and American Loco
motive Ia. and st. Paul, Southern Pa
cific. Reading. Great Northern preferred.
u. S. Steel preferred and others to 11s.
The market steadied before midday, but
became very dull. Bonds were steady
and quiet.
1 p. m.-The rally was of brief duration,
the market relapsing to the lowest under
a large outpouring of stocks. Specialties
were the weakest features. Consolidated
Gas gave way 5%, American Shelters
Securities preferred AS American Smelt-
ing pa. Virginia. Carolina Chemical pre-
ferred 4, New York Air Brake 39s, North
ern Pacific and Hooking Valley Trust re-
ceipts 3. Virginia Iron and Amalgamated
Copper 21a, Denver and Rio Grande pre-
ferred 2s and Union Pacific, Rock Island
preferred. Great Northern preferred, st;
international Pump preferred 2. The mar
ket became dull again on small rallies.
p. Liquidation was resumed in
American Smelling, but the general mar
ket was not influenced. although there were
some additional severe declines in OBJ
scure stocIs The market was somewhat
steadier at o'clock, but this led up to
decrea sed activity. American Express fell
12h, American Smelling SIS, United States
Express 4B, Northern Pacific 3is. Min
Anaconda, Republic Steel preferred and
Distillers' Securities 3, International Pump
"a and Chicago, st. Paul, Minneapolis
end Omaha, Pressed Steel Car preferred,
American Locomotive preferred and Inter-
national Paper preferred 2. American
Smelling rallied 11e and few others a
point.