The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-11-08
WALL STREET
DULL MARKET BUT OPENING
PRICES GOOD.
Stocks Generally Higher in Early Deal
ings Despite Lower Quota
lions in London.

NEW YORK, Nov. S.-Prices of stocks
rose over a fraction over last nights levei
in the opening dealings, with a few excep-
lions. In spite OF the lower range OF the
earlier quotations from London. New
York Central advanced 1h, Consolidated
Gas 2. American Sugar preferred IL and
Union Pacific. Canadian Pacific, Atchison'
Pennsylvania and American Smelling large
fractions. The United States Steel sinking
fund bonds were down IL. General Elec-
trlc 1 and American Sugar and Westins-
house Electric large fractions. There was
very little activity IN tho market.
II a. m.-Consolidated Gas rose 3. Cana
dian Pacific 1s and st. Paul, Southern
Pacific and Southern Railway preferred ]
before the market became heavy. Anal
gamated Copper ave the first intimatiof
of weakness, which ultimately spread to
st. Paul, Union Pacific. Reading and
American Smelling. The decline stopped
when the active list had fallen back to
about yesterdays closing prices. North
American sagged 8, Central of New Jersey
and international Pump preferred 3,
Northwestern IL and Minneapolis. st. Paul
and Sau1t Ste. Marie preferred and New
house Mining 1. United states Steel sink
Ing fund bonds sold down 2s to 50. The
market was advancing again at II o'clock.
Union Pacific and Pennsylvania gaining a
point.
70 m.-when the United States Steel sirli-
ing fund bonds rallied a point large bd"-
ing orders were executed In Union Pacific
and Pennsylvania. lifting them ga over
last night and the whole market turned
strong. Canadian Pacific rose 3k, ST. Paul,
Southern Pacific. Northern Pacific, Read
ing. New York Central. Baltimore and
.NAfo o,,5 Aw.~,1-c, C-aoit;,- ~ tn Ia and
Norfolk and Western, Brooklyn Transit,
United States Steel preferred. Anaconda
and Amalgamated Copper l or more.
Brooklyn Union Gas sold at 50 compared
'Nith 995t, the preceding sale in September.
international Paper preferred declined Is,
and Missouri Pacific aud Central Leather
preferred /. Bonds we're irregular.
The market became stronger and more
active as large orders continued to flow
in for Reading, Pennsylvania, Union Paci-
fic and American Smelling. General Gains
were we'll over a point, including u. 8.
Steel and American car. Reading jumped
3s to so. American Pacific Az, Pennsyl-
Sis, American Smelling 2B, Atchi-
son 25s, Southern Pacific and Delaware II
2 and Amalgamated Copper IA,
Missouri Pacific yielded IL.
Q p Mall the activity and snap died
of the market when the traders ceased
purchasing the speculative faVorites, ard
was a fractional reaction. Before the
decline set in there was some extension of
the previous gains, Union Pacific showing
rise of 8, Great Northern preferred "a.
and Atlantic Coast Line and Brooklyn
~.
3 p. m,-The market Chased weak. Esti-
of the weeks cash changes gave
little encouragement for assuming any
considerable repair of the deficit in the
bank reserve. and prices ran off between l
aud 3 points. Quite substantial net gains
In most cases, even at the re-
duced prices. United States Leather pre-
ferred and Pacific Coast first preferred
sold at an advance of II; Vlrginla-C Caro-
lima Chemical preferred, 10; Consolidated
Gas. AZ; General Electric, rs; and Re-
public Steel preferred, "a.