Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-09-29
OPENING WILD,
CLOSE IRREGULAR

New York. Sept 2e.--Excited dealings
w. an OF the principal speculative
stocks today made the opening quota
lions In them wide There were rum
ming sales Of 10000 shares OF United
states steel at 30 to sOM as compared
with Sgia yesterday. 10000 shares Of
| Atchison at l2sis and i2fh, compared
with i2sis yesterday and 1000 shares Ga
Union Pacific at 201h 60 207is CONF
pared with 206N yesterday and 1000
shares of Republic steel at 40 TO 49,.
COMPARED win iSes yesterday Sloss-
ShDnlcid Steel advanced -. General
Electric and Erie first preferred /, ana
Norfolk & Western, southern haii-
way. Westinghouse Electric and Amer
lean Sugar large fractions. Louisville
a Nashville and Atlantic Coast Line
declined T. The market showed great
animation and breadth. The market
took a downward turn soon after the
opening and the advances were gem
orally lost. United states Steel react
ed ! and several other leaders sold be-
low yesterdays closing prices The
selling OF Erie was begun on a liberal
scale and II lost IA Large purchases
Of Union Pacific were made In the
ncighborhood Of 207. which ultimately
brought about "A general rally. Union
Pacinc rebounded To 207A and Penn
sylvania mounted rs 10 l50%, United
states steel returned TO above las,
nights close but the rest OF the list
did not rally much Westinghouse
Electric preferred gained points,
Hooking Coal 2ss Sloss-Sheffield steel
and Mackay companies ?, lnterna-
tional Pump. IL, and Great Northern
ore certificates, ].
The market became rather spotty'
the marked strength Of few stocks
bringing slight response from the body
Of the list Atkinson again reached
~ and Union Pacific Ia. Reading
then moved up ~ to li0h and United
states steel preferred advanced IA
Western Maryland certificates fell :.
American Ice ~ ana American sugar
and International Harvester !. The
tone became hesitating at noon.
Bonds were nIm
Realizing began in Union Pacific and
Il went back point with the rest OK
the leaders losing good fraction.
Afterwards Reading, Pennsylvania and
| chesapeake * OHIO were all bought
heavily on a rising scale, but the gem
eral effect was slight. Chesapeake q
Ohio advanced 2la, Wabash preferred
ielded point
A few Of the less important stocks
were advanced but the market gener-
! ally became reaCtlOnafy uuuet Nu'
combined influence of active realizing
! and the LIQUIDATION In Wabash prefer
red. which broke three points. Re
cessions ran from I To = in the lead
ers. Missouri Pacific and Amalgamated
| Copper fell I under yesterdays final
| prices Lake Erie & Western preferred
| moved up 4lh: Norfolk 4 Western and
| Long Island IA. Cleveland, c. c. q 81.
Louis / * and Rock Island preferred l.
The market closed unsettled and ir-
regular Sales to realize were pushed
and the lowest prices Of the day were
touched Missouri Pacific and Amalga-
mated Copper got ~ below YESTERDAY,
| Atlantic Coast Line "a Wheeling and
| Lake Erie first preferred and the sec
| ond preferred 3; the Common Bethle-
hem steel. National Lead and Kansas
| CITY Southern /, and Pittsburg
| Coal ~.
Union Pacific was rushed up to above
POS again and steadied the market