The evening star and Newark advertiser., 1908-01-06
WALL STREET
READING AND N. P. GIVES
MARKET BOOST.
Federal Sugar, After Dropping Ten
Points, Receivers Half of
It's Loss.

NEW YORK, Jan. 6.-Opening dealings
in stocks were very scanty, and price
changes were restricted to small fractions
in the active list. Gains and losses were
mingled. Continued demand for Reading
and Northern Pacific was a sustaining In
f1uence, the former rising a4 and the latter
a point National Biscuit and Consolidated
Gas gained a point Federal Sugar pre-
ferred declined 10 and then rallied 5.
II a. m.-The trend of prices turned up
ward after the opening selling orders had
been executed, but after the list had risen
sharply there was another decline, which
wiped out about all of the advances. Sub
sequently the advance was resumed with
more vigor, and the best prices of the hour
were established. Delaware and Hudson
jumped AZ, Consolidated Gas ga, Amer
lean Smelling and National Lead 11s.
Northwestern 17s, Anaconda and American
Can preferred IA and New York Central
Pennsylvania, Mexican Central. Union Pa
eific preferred and Federal Mining pre-
ferred l. United States Express sold ten
points higher on one transaction.
Noon-Prices wavered i'll the upward
course, but showed resilieney and rose
strongly toward noon. Lackawanna ad-
vanced 161a, Consolidated Gas SA, Ameri-
can Can preferred 8. Minneapolis, st. Paul
and Sault Sainte Marie 215, Southern Rail-
way preferred 2ss, Northern Pacific "a,
Denver and Rio Grande preferred, Inter
national Paper preferred, American Smelt-
ing and New York Air Brake 2, Reading
ia. Anaconda, st. Paul preferred. New
York, Chicago and st. Louis General Elec-
tric, American Sugar. Pacific Mail and
American Agricultural Chemical preferred
IL to Ia, Union Pacific and American
Smelling preferred IL, and Great Northern
preferred, Southern Pacific, Colorado aud
Southern, Great Northern ore certificates,
Peoples Gas, Amalgamated Copper, Cen
trail Leather preferred and American Ice,
Pittsburg, c., c. and st. Louis declined 2
and Third Avenue l. Bonds were firm.
p. m.-The buying orders continued TO
flow into the market and a generally
higher level of values was reached ST
Paul and the Hill stocks showed the most
strength North American
jumped 5A, Northern Pacific 3lt, ST. Paul
212. Great Northern preferred and Central
Railroad of New jersey, Wheeling and
Lake Erie first preferred 9 Western Union
1ai and Southern Pacific, Amalgamated
Copper, Republic Steel preferred and
United States Rubber first preferred H.
Erie second preferred gave way IL.
2 p. m.-The market rested for a time
and then started upward again, Reading
rising to par Union Pacific and North
western gained ., Central Leather pre-
ferred 2ia, Delaware and Hudson 51A U. s.
Rubber first preferred "a. Federal Mining
preferred 31s and Pennsylvania ia. Ameri-
can Snuff preferred sold at an advance
of 1c and Lackawanna 2611.
p. m,-The market closed easy AMI ac-
tive. LackaWannas rise extended to 42is
points, Consolidated Gas 5h, Central Pail
road OF New Jersey and United States
Rubber first preferred 3, the second pro
ferred 3A, New York, Chicago and st.
Louis 31a Corn Products preferred and
Peoples Gas and Texas and Pacific Land
Trust 21a Their was general profit-taking g
in the course of the final hour, causing IA
reaction which reached point or more
for a few of the leaders. Missouri Faoific
was carried 21s below Saturdays prices,
Illinois Central 1h and Pittsburg Coal pre-
ferred 2h.