The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-11-16
LEADERS GAIN IN
STRENGTH AFTER
EARLY WEAKNESS
Initial Realizing Induces Good
Buying, and Standards Reach
Saturdays Level.

NEW YORK, Nov. 16.-Prices of
American securities had been carried
down from a fraction to near O point
in the London market before trading
began here. The New York opening
showed sympathy with this movement.
declines being general, which amounted
to a large fraction in most of the active
speculative issues, including the metal
lid lstrials and several. of the grangers.
Union Pacific declined a point and
Utah Copper IA. Tennessee Copper, On
the other hand, reflected a speculative
furry in the running purchase Of 5000
shares at quotations all the way from
so to 50, compared with 1914 on Satur-
day. Illinois Central rose IL.
IL a. m.-The low prices at the OPEN
ing proved attractive and the demand
restored Union Pacific and other active
stocks to Saturdays level. The market
Their became less active, and, although
the leading stocks held well, there was
considerable ir~regularity among the less
active Issues,
The New York public utilities stocks
NtT6 DOuSll at iiSiiS piltCS. IAcddil6p
Union Pacific preferred, Chicago. Great
Western, Central Leather preferred.
Brooklyn Transit and marlborough
Metropolitan gained i, the preferred
and Consolidated Gas 11s and. Central
Leather 2.
The decline included American Sugar
., General Electric ~ and Iowa Cen
trail preferred, Denver and Rio Grande,
st. Louis Southwestern preferred, Great
Northern Ore Certificates and Interna-
tional Paper preferred 1. Wells-Fargo
Express gained Is points on, one trans
action. ~
Noon-Prices in the general list were
pulled up moderately in sympathy with
the strength In special stocks but
yielded slightly again before Zoe Long
Island rose 5, Detroit United Railway
3N, Metropolitan Street Railway 3h.
Chicago Great Western ~, the pre-
ferred A 4. National Lead IL and Bal
timore and Ohioy Wisconsin Central
preferred, Amalgamated Copper,
American Cotton Oil and Hide and
Leather preferred and Havana . Elec-
trio /. Lackawanna declined 4, Chi
cago, st. Paul, Minneapolis and
Omaha preferred 3. New Haven IN and
Northwestern and Colorado and South
ern second preferred. Bonds were heavy.
1 P. M.-The. prominent stocks made
a more uniform show of strength, fol-
lowing an advance in Union Pacific and
Baltimore and Ohio. The specialties
! continued to be dealt in actively in
spots, but the usual favorites were
again the most in demand. Baltimore
and Ohio improved 2A, American Cot
ton Oil 2 and Union Pacific, Denver
and Rio Grande preferred, Norfolk and
| Western, American Smelling and Pa
ciic Mail 1. Long Island got up Il
points. -.
Q D.. m.-Union Pacific rose to ts2
eclipsing Its price of last week. While
, there was a steady absorption of othel
stocks, the speculation lacked the AMI,
nation and din of the earlier dealings
Reading moved UT 2M, Great Northern
preferred ", and Kansas and Texas
preferred l. American Linseed ant
Sloss-Sheffield Steel yielded 1.
8 p. m.-The market closed firm ant
active. American Sugar broke As witt
the news of the government suit fol
collection of, back duties. The who'll
list sold off sharply and sold at thu
lowest of the day in some cases. Prices
rallied to some extent, Northern Pa
cific rising ~.