The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-08-13
SENSATIONAL RISE
IN UNION PACIFIC
Remainder of the List Is Re.
dictionary and Shows
Losses.

NEW YORK, Aug. 13.-The tone of
the opening stock market today was
very Irregular. Some stocks were bid
up for purposes of support. as selling
TO realize depressed others. Pennsyl-
vania rose Is. on the other hand. st.
Paul and Great Northern Ore Certif-
Gates fell l n Union Pacific, Read
ing, Rock Island and United States
Steel large fractions.
II a. m-Representative stocks
began to show strength in sympathy
with the jump to record figures by
Union Pacific common and preferred
and the heavy accumulation of New
York Central. Opening losses were
more than made UP. but meantime there
was quiet selling of many of the
obscure s~pecialties. Near II o'clock a
sudden drop of Ia in Amalgamated
Copper undermined the market and
prices fell back all around. The prin-
cipal gains were L. S. Rubber 3as, the
second preferred 2. Union Pacific pre-
ferred 3, the common 11a. Twin City
Rapid Transit 2ss, New York Central
IA and National Lead and Central
Leather l.. Among the losses were
Northwestern 2, United Railway and
Investment and Pressed Steel Car IL
and American Steel Foundries l, and
Bethlehem Steel and Virginia-Caro-
lima Chemical !.
Noon-After the advance had run to
a point in many stocks renewed buying
sent Union Pacific up to 211h, and the
preferred to lis. Prices of other stocks
were but little responsive and recov-
cred only f~ractionaliy, Central Railroad
of New Jersey sold at a decline of Az
Z. S. Pipe rs and Rock Island pre-
ferred, Louisville and Nashville, Erie
second preferred, and New York. Chi
cago and st. Louis and Colorado South
ern a point. Republic Steel preferred
rose l. The one was heavy and dull
at noon. Bonds were steady.
l o'clock-Extensive realizing in the
Union Pacific stocks which lowered
them "a each from the highest accel-
Grated the realizing movement which
had been going o elsewhere, and there
was a severe break in prices. More than
a dozen of the leading stocks sold be-
tween l and 2 points below yesterdays
closing, the list including St. Paul.
Atchison. Pennsylvania, Reading, Great
Northern preferred, Illinois Central,
United States Steel. American Smelling
and Great Northern Ore Certificates.
Hooking Valley Certificates advanced
81.
2 o'clock-Supporting orders were dis
tributed which drove the shorts to
cover. The Union Pacific stocks raj
lied . points each and the rest OF the
list a good fraction. The market
paused at the higher n and did not
seem to respond much when Union
Pacific touched 211A.
3 o'clock-The general market closed
weak and very much unsettled. The
further ~skyrocket flight in Union Pa
cific stocks was almost without effect
on the rest of the list.
Union Pacific touched 215 and the
preferred lis. and there was an isolated
rise of "a in Peoples Gas. Virginia
Carolina Chemical declined 2ss, St. Paul
and Amalgamated Copper 2. Delaware
and Hudson and Iowa Central pre-
ferred liz and the Denver and Rio
Grande stocks, Erie, Chesapeake and
Ohio, Northern-Southern Railway pre-
ferred, Rock Island. Railway Steel
Spring and American Agricultural
Chemical 1. Hooking Coal sold at a
decline of 55 and rallied 6. Prices re-
eeded in the final dealings, except for
the Union Pacific stocks.