The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-08-23
CLOSES At BEST
PRICES OF DAY
Lively Buying in the Market,
Which Is Led by Steel and
Union Pacific.

NEW YORK. Aug. 23.-The general
stock market opened firm, but there
were a few stocks which made note
worthy gains, particularly Union Pa
cifc, which was up Ia. American Car
and Great Northern Ore certificates
also rose a point, and Amalgamated
Copper. Consolidated Gas and Louis
vile and Nashville nearly as much.
New York Central opened down 2, but
soon recovered most of the loss.
IL o'clock-The rise was extended
among the speeialties and some of the
railroads, before the market became u
dermined by the heavy selling of Read
ing and Union Pacific. Previous ad-
vances were>in many instances wiped
out and a good proportion of the list
was forced below Saturdays final
prices. Reading sold 2 points under
last weeks close, New York Central
IA, U. S. Rubber rs, Union Pacific ia,
Southern Pacific IA and st. Paul, Kan
sas City Southern and Denver and Rio
Grande 1.
Noon-Purchasers of stock at last
weeks low prices took profits today,
which accounted in part for the heavy
selling in Union Pacific, Southern Pa
cific and Reading. During these periods
of liquidation the market was furiously
active, but relapsed into dulness when
the selling stopped. The general mar
ket was unable to Withstand these at
tacks and went off readily when pres
sure was put on. Southern Pacific was
the weakest feature of the second
hours trading and was hammered en-.
ergetically until it broke to 1924. a loss
of 2h. Illinois Central also gave way
2as, Third Avenue ~ and Canadian Pa
ciic, Great Northern preferred, Rock
Island, American Smelling. Brooklyn
Transit, ACKNOWLEDGEMENTS pre-
ferred and Colorado Fuel 1. A brief
period of steadiness followed in which
the market became very dull, but al
noon the market was yielding again
Union Pacific dipping below 207. Sons
of the Gould stocks showed exceptional
strength, Wheeling and Lake Erie ris-
ing 3as, the first preferred 2 and the
second preferred, Texas and Pacific and
the Wabashes /. Bonds were steady.
l o'clock-The midday pressure wal
largely concentrated in Union Pacific
which sold down to 206A, compared
with 209A at the opening. Western
stocks generally were weak, st. Pau
losing ~, Union Pacific preferred ant
Southern Railway preferred liz an,
Great Northern Ore certificates l.
? o'clock-Favorable reports concern
ing Mr.. Harriman's condition causet
active bidding for stocks, with tn
shorts heavy purchasers. Union Pacii
rallied 21s, placing it on the level will
Saturday last. Reading also made VI
its loss, and Southern Pacific, New
York Central, Northern Pacific anC
others were quoted about a point abov,
the low figures of the day.
8 o'clock-The market closed very
active and strong. A long interval O
dullness was relieved near the end g
the session by a lively buying move
ment, which quickly put prices to tn,
highest of the day.
Union Pacific and United States Stee
were the leaders and were taken ii
large blocks. Other active stocks wer
also in keen demand and there was
heavy absorption of Texas and Pacific
United States Rubber first preferred
got up Az, Consolidated Gas 2%, Texa
and Pacific 2 and United States Steel ]