The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-16
WALL STREET
GOOD OPENING ON STOCK
EXCHANGE TODAY.
Substantial Rise in Prices Pretty Much
All Along the Line-Followed
Afterward by Reactions.

NEW YORK, Oct. 16.-Opening prices
of stocks showed buoyant advances In
several instances, and the average of the
gains ran well oyer Y. There was a
sprinkling of losses in contrast. including
a number of the prominent market lead
ers. Kansas City Southern preferred rose
3, Northern Pacific 21s, Great Northern pre-
ferred IL, Baltimore and Ohio and Kansas
and Texas IL. and Pennsylvania, Atchi-
son and Erie second preferred about u
point. Minneapolis, st. Paul and Sauit
Ste. Marie fell IA. II,
II a. m.-Thefe was a further substantial
rise, which lifted many of the Leaders a
point or more above yesterdays crosse.
After this level had been established tue
demand moderated and there was q slgn'
easing off. Canadian Pacific gained Us
National Biscuit and North American Z,
Consolidated Car ia, Kansas and Iexas
preferred and Southern Railway preterree
11s, Atchison, Rio Grande, Smeltlhg an"
Brooklyn Transit 1ss, Union Pacific, ATTAIN
tic Coast Line and Missouri Pacific IA ana
Reading, Ontario and Western. Northwest
ern, Central Railroad of New jersey
Minneapolis and st. Louis, Southern Kan
way, Amalgamated Copper, American Lo-
connective, American Sugar, American Car
Republic Steel preferred and American
Wooden preferred 1. Z. s. Ruber yleld-
ed IL.
12 m.-Stocks turned weak in the second
hour, pressure centerIng on Southern "a
cific and the Coppers. SoutheInfPacitic fell
1M below last night and Amalgamated Cop
per q. Early gains were lost. Mexican
Central, American Smelling preferred, u.
S. Rubber first preferred, National Lead
and Anaconda fell l, u. S. Rubber and the
second preferred 311s, Bethlehem Steel pre-
ferred 2 and Chicago, st. Paul, Minneapolis
rs. American WOODEN rose ", Colorado
and Southern second preferred and Ameri-
can Steel Foundries preferred III and st.
Louis and San Francisco second preferred
IN. Bonds were irregular.
/ D.. m.-Wholesale liquidation of the cop
per stocks weakened the market further.
Huge blocks of Amalgamated Copper were
sold, driving it down 8 to 50A. Anaconda
also made a low record price, as did Amer
lean Smelling. Missouri Pacific and U. s.
Reduction preferred declined 3, American
Smelling 2L, Tennessee Copper "a. Ana
2, American Smelling preferred and
Corn Products preferred IA, Southern Pa
ciic and American Mailing preferred liz,
st. Paul IL and Union Pacific, Delaware
and Hudson, Erie second preferred. Sugar,
Great Northern Ore certificates and Twin
City Rapid Transit l. Virginia Iron
gained 11a.
2 D. m~.-Liquidation was pursued and
the list more generally. The
drop in the price of United Copper in the
curb market to Is after having been forced
up to 60 yesterday and the day before, and
Il break in Consolidated Steamship As in
the same market was believed to have
some connection with the liquidation and
to the rumors of the causes of
the trouble. BY 2 o'clock Third Avenue
was down Is points, Missouri Pacific 6a4,
Smelling 6hs, the preferred AZ,
S. Rubber 81, Amalgamated Copper
and National Lead 4, Tennessee Copper
81, Anaconda 3, Corn Products preferred
215, Northern Pacific and CRANKY Mining
st. Paul 15s, Reading and U. S. Steel
III and the list generally a point
Union Pacific slumped 4A at 2
. p. m.-1he market closed unsettled and
irregular. The drop in Union Pacific was
the signal for further liquidation which
violent slumps. Third Avenue fell
Il, American Smelling 7k, the preferred
6; Central Railroad of New Jersey .,
Pullman 4. Northern Pacific 33s, Reading
81 and st. Paul, Great Northern preferred,
Pacific and Delaware and Hud-
son Pa to 2A. The squall passed quickly
and rebounds followed which ran from
l to l2 in the general list, American
Smelling rallied 3 and Amalgamated Cop
per. Union Pacific. Reading and Northern
Pacific 2 to "a. There were some recess
SiOnS from the recovery. /