The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-11-17
IRREGULAR PRICE
MOVEMENT ON
SPECIALITY WORK
Alternate Pressure on and Sup
port of Standards Gives Little
Character to Market.

NEW YORK, Nov. 1.-THE lower
ignored when trading began in the
New York stock market n prices a
vanced strongly. Union Pacific and
Reading were conspicuous features
$500 shares of the flrst-named selling
at 1921 and 1929. compared with 1873
last night, and the latter rising IL,
The New York public utilities advanced
a large fraction to a point and Great
Northern preferred, Pacific Mail, Chi
| cage Great Western and Tennessee
Copper were up large fractions.
IL a. m.-The early trading showed
decided ~irregularity owing to the bid
ding up of special stocks sharply, and
selling them afterwards while another
group o. up the advance. AS a re-
suit Union Pacific, Reading, Great
Northern preferred, United States Steel
and Amalgamated Copper were under
pressure at intervals, while other ia
~vorites were rising strongly. Union Pa
cifc was subsequently lifted to 1873,
but the general market continued I'M
certain. The principal advances were
Great Northern Ore certificates and
Westinghouse Electric ?, Louisville and
Nashville IA, New York Central, st.
Louis and San Francisco second pre-
'ferred and Cleveland c. C. and st.
Louis IL, Baltimore and Ohio and
Rock Island preferred 1Ss, and Southern
Pacific, Atchison, Great Northern pre-
ferred. American Locomotive, Consol-
dated Gas, General Electric and Pa
cifc Mail 1.
Noon-New points of strength de-
veloped against the realizing, which
carried some stocks downward and
kept the market irregular. Union "a
cific's gain reached 2 and Reading also
was pushed up 2. New York Central
was prominent with an advance of 2%s.
Louisville and Nashville rose "a, Chi
cage Great Western "a, Allis-Chalmers
preferred 2ss, Atlantic Coast Line and
Northwestern 2. Chesapeake and Ohio,
Mercantile Marine preferred and Peo-
ple's Gas Ia, and a number of others
a point or more. Minneapolis, st. Paul
and Sault Sainte Marie lost "a, ana
Third Avenue, Interborough-Metropoli
tan preferred, American Tobacco pre-
ferred and Tennessee Copper 1. Bonds
were strong.
l p. m.-Offerings to realize exceeded
the buying orders for a time, and
Union Pacific, Southern Pacific, Read
ing and New York Contra reacted V
to 1. Missouri Pacific then doomed into
prominence and it's rise of 2 points was
followed by a partial recovery. Min
neapolis and st. Louis advanced 81,
Chicago, st. Paul, Minneapolis and
Omaha 8, Wheeling and Lake Erie first
preferred IL and the second preferred
"a.
2 p. m.-Another slight dip of prices
was checked by bidding up Union Pa
cific to 1885. In general, movement
was Insignificant, the restricted char
acter of the dealings operating against
important fluctuations. Minneapolis
and st. Louis jumped 5 points.
8 p. m.-The market closed rather
easy and moderately active. United
State Steel's rise to above So was the
feature of the final hour. Other metal
industrials continued heavy. Union
Pacific rose again, touching 1885. Min
neapolis and st, Louis made its gain
7, Canada Southern 3, Detroit United
Railways az, Virginia. Carolina Chem
ical ~ and Northern Pacific, Wabash
preferred and Observation-Disclosures
tan 1. Prices yielded in the late deal
ings, when Des Moines n Fort Dodge
lost IL.