The evening world. [volume] (New York, N.Y.) 1887-1931, 1908-11-04
STOCKS JUMP Up
TO YEARS RECORD
ON TAFT VICTORY
Rise in lndustrialS Is From 1
TO 5 ID Points in Open
ing Trades.
HEAVY PROFIT SALES.
Westinghouse Electric Leader
in Soaring Securities
on Change.
HEAVY PROFIT SALES.

Wall stree. to-day bubbled over with
activity. resulting from the election OF
Mr.. Taft. The railroad list, industrials, in
fact. all sorts OF stocks advanced from
one to Ave points in the first half hour
and then the market ran of from one
half to two per cent on heavy realizing
sales.
The Stock Exchange was a seething
caudron OF excited members when the
gavel sounded at 10 O'Clock The floor
was damned with members. The at
tendance was greater than the EA-
change had seen since the panicky
days of October, 1907. The number OF
brokers was so large in many stocks
an official opening.
Some Reach Years Records.
In everything traded on the floor
there was a sudden lifting OF prices
and in a number OF cases to the high
es. range OF the year. Union Pacific
was a special feature, the first sales
being $50 shares, from 1I5 to lis S-4,
against ia on Monday. There were
wide openings, to9, in Southern Pacific,
Reading and Steel common. Great
Northern preferred rose = points. Read
ing / 3-S. and Northern Pacific, Penn
sylvania, 81. Paul and Shelters made
advances of point or more. West!ng-
house Electric went up IL points.
The largest supply OF stocks came
from. speculative interests that had
bought stocks here on Monday. and
in London before the opening, for the
express purpose OF taking small profits.
On the curb there was brisk trading
and the advances were all the way from
one to two points.
Stocks That Doomed.
Here are the opening prices OF the
stock market: Baltimore & Ohio 90, up
is: St. Paul. IA 1-2. up IA; Northern
Pacific. 147. up /; Illinois Central, 1I.
up SIS: CT. North. pr. l3s. up Is;
Am. Smelling, 81 1-2. UP ! as; Union
Pacific, 115 "a. UP l "a; South Pacific.
100 SIS. up IA; and Reading. la4. up Ia.
Within the first half hour there were
further advances, then the slight dip,
after which the market s;eadied.
ACuvlty IN btOCkS was al tNc uoiliHk
point by noon and prices rose compre-
hensively over the high level Of the
opening. Transactions were evidently
being carried on by operators OF the
largest calibre who seemed to be salts
ned with the way In which the profit
taking sales were digested in the first
hour. Union Pacific rose buoyantly to
III 1-S, gain of 3; United states Steel
preferred sold at LA 5-s. the highest price
In its history, at A rise of over Mon
day; Pennsylvania advanced 4 is, and
New York Central . S-s. Larger gains
were scored by some of the less active
stocks and nearly everything traded In
sold from l to points higher than or
Monday.
The Character Of the market was little
changed for the rest of the day. New
points OF strength developed as the de-
m8nd was diverted to various new quar-
tiers. Southern Pacific, by rising above
i'll, made better price than ever be-
fore In its history. PENNSYLVANIA. United
states Steel and Northern Pacific were
very conspicuous at times.
Only slight impression was made on
the days wide gains by the movement
to take profits toward the end
The total sales of stock were l.413, l0t
shares and of bonds ss,l17,oO0.