The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-09-29
REALIZING FORCES
STOCK PRICES TO
NEW LOW LEVELS
Close Unsettled and Irregular,
with General List Showing De-
clines in Late Trading.

NEW YORK. Sept. 29.-Excited deal
ings In all of the principal speculative
stocks today made the opening quota
lions in them wide. There were run
ming sales of 10000 United States Steel
at 90 to 901s, compared with Sal2 yes
terday: 10000 shares of Atchison at
1891 and 124A, compared with 1915
yesterday: 1900 shares of Union Pacific
at 207A to 207h. compared with 206&
yesterday. and 1,50o shares of Republic
Steel at 40 to 49la. compared with 4S%
yesterday. Sloss-Shefield Steel adj
vanced IA, General Electric and Erie
first preferred l. and Norfolk and
Western, Southern Railway. Westing-
house Electric and American Sugar
large fractions. Louisville and Nash
Vile and Atlantic Coast line declined /.
The market showed great animation
and breadth.
IL a.. m,-The market took a down
ward turn soon after the opening and
the advances were generally lost. u. 5.
Steel reacted / and several other lead
ers sold below yesterdays closing. The
selling of Erie was begun on a liberal
scale and 1t lost Ia. Large purchases
of Union Pacific were made in the
neighborhood of 207. which ultimately
brought about a general rally. Union
Pacific rebounded to 207s and Penn
sylvania mounted rs to 1904. u. S.
Steel returned to above last nights
close, but the rest of the list did not
rally much. Westinghouse Electric
first preferred gained 8 points, Hook
ing Coal 25s, Sloss-Sheffield Steel and
Mackay Companies 2, International
Pump e1A and Great Northern Ore
Certificates /.
Noon-The market became rather
spotty. the marked strength Of a few
stocks bringing but slight response
from the body of the list. Atchison's
gain reached IL and Union Pacific ~.
Reading then moved up IL to 170B
and u. s. Steel preferred rose IL.
Western Maryland certificates fell 2,
American Ice IN, and American Sugar
and International Harvester /. The
one became hesitating at noon. Bonds
were firm.
1 p. m.-Realizing began in Union
Pacific, and 1t went pack "a point, with
the rest of the leaders losing a good
lTdcllOH. AlttTWdTu Ihtduln6, ItIiil-
~sylvania and Chesapeake and Ohio
were all bought heavily on a rising
scale, but the general effect was slight.
Chesapeake and Ohio advanced "a.
Wabash preferred yielded a point.
2 p. ma few of the less important
stocks were advanced, but the market
generally became reactionary under
the combined influence of active
realizing and the liquidation In
Wabash preferred, which broke three
points. Recessions ran from l to III
in the leaders. Missouri Pacific and
Amalgamated Copper fell a point
under yesterdays tina price. Lake
Erie and Western preferred moved up
Az. Norfolk and Western and Long
Island IN, Cleveland, c.. c. and st.
Louis 1ss and Ontario n Western and
Rock Island preferred /.
5 o'clock-The market closed unsettled
and irregular. Sales to realize were
pushed and the lowest prices of the day
were touched. Missouri Pacific and
Analgamated Copper got TX below yes
terday, Atlantic Coast Line az, Wheel
ing and Lake Erie first preferred and
the second preferred 3. the common.
Bethlehem Steel, National Lead and
Kansas City Southern preferred 1 and
Pittsburg Coal IL. Union Pacific was
rushed mp to above 20S again and
steadied the market.