The evening world., 1908-11-07
Many Securities on the List
Make New Records
for the Year.
HEAVY DAYS TRADING.
Profit Taking During Second
Hour Causes Slight
Reaction.

The Taft prosperity boom. which wa!
board on the Exchange for the past tw,
days. sprang UP with another sensation
al leap to-day that recalled the brightes
days of the 1901 tidal wave OF hgl
prices.
with Steel common leading in thu
uplift practically every security on thu
lis, rose, many OF the standard stock:
making new high figures for the year
In the first half hour OF trading Stee
made a new record. selling at 80 3-s.
The highest mark ever attained b.
this security was SIS. and that wa
seven years ago.
Flood of Purchasing Orders.
The new record was created midst ;
food of purchasing orders that have
been pouring IN for the past few days
The buying continued to-day on th'
same splendid scale. orders being place.
for blocks OF from one to ten thousand
A wealthy woman who lives up STATE
bought ten thousand shares under i
early in the week ]. P. Morgan was
among the heaviest prediction buyers
of this security, but most of his pur-
ckases were made undo 40. II is SAID
that he bought by the tens Of thous-
ands.
The opening sales showed gains OF
from one 70 TWO and one-Lalf points al
along the list. Steel Common sold NJ
in quarter point lifts until It had at
tanned the highest quotations in its -
stence. New York Central was sold uH
to lie l-2, a new high record for the
year. Other stocks that made their
best marks for 1905 were Southern Pa
ciflc at ll3 IL. Amalgamated Copper
IS l-2, Pennsylvania l2s. Re- ing 49, 81
and Baltimore & Ohio Oh IL.
Trading in Large Lots.
There was scarcely any small trading
at the opening. most Of the orders re-
corded being purchases in 1000 and l.50.
share lots There was every indication
that a new record for a Saturday mar
..et would be established II was a
Sull market of the bulliest kind. as Mr.
Roosevelt might say.
Factors quoted as assisting in yester-
lays and to-day's boom were the van
sizing of the Franco German war cloud.
he elimination of the scheduled Bryan
panic and the sudden breaking down
Of the great strike OF cotton mill oper-
atives in England which has kept 10000
men out of work for weeks. The Taft
prosperity pronunciameIto was also
eckoned as having swung up the bull
beam OF the market.
Many out-of-Town Orders.
Sudden renewed faith in American Sc
curities abroad is exhibited in heavy
purchasing orders from London broker
age houses. The Paris Bourse has also
begun take an excited interest In
American stocks. with Berlin buying
mora cautiously.
From the brokers 1t was learned that
flood OF out-of-town orders is sweep
ing in. With practically every news
paper in the country printing columns
about the new mills opening up and new
enterprises projected. investors In every
State have called upon their New York
agents TO get their orders in before the
DOOM mas ItsNIlth IIlBll NdNtE'
Railroad stocks and bonds came in for
the heaviest foreign and out-of-town
buying. new high prices for the year
being reached with almost every new
large block sold.
Heavy Profit Taking.
AS was TO be looked for in such q
market, there was slight reaction In
the second hour OF trading. when there
was heavy selling to realize profits
This selling. however, did not prevent
the continued rise Of Union Pacific and
Northern Pacific, though the remainder
OF the list scaled down almost point
In the profit taking on Pennsylvania
and a fo" other prominent stocks the
reaction levelled prices fraction below
last nights closing figures,
Substantial gains remained for most
stocks, ranging from one to four points
Notable gains were mace by New York
Central = a.. Utah Copper, il-2, steel,
IFS, Northern Pacific, 2l-B, Great
Northern preferred, Zl-S, and Balti-
more Ohio, > is
The big advance In New York Central
was attributed in part to rumor cur
rent In the Street 10 the effect that d.
II. Hartman soon Is to become a factor
in tile control Of that system Neither
confirmation nor denial of this report
was 20 ne Lad to-day.
The total sales OF stocks were $50. 90
shares md If hOr de 81 10 coz