The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-05-04
JERSEY CENTRAL
AND LACKAWANNh
GAIN At CLOSE
Both Rise Fifteen Points as
Market Ends Irregular
and Unsettled.

NEW YORK, May An Irregular
tone prevailed today at the opening
dealings in stocks which were on a
large scale. The industrials were
strong and made some conspicuous adj
ances. Central Railroad of New Jer-
sey rose 2, American Cotton Oil IL
and Illinois Central, st. Louis South
western preferred. American Car,
American Smelling preferred and
American Beet Sugar large fractions.
Reading opened with sales of 1900
shares at an advance OF IA. There was
a good proportion of declines. inelud-
ing some OF the most prominent stocks,
but they were all limited to small frac-
lions.
II o'~clock-Large amount of Reading
We're brown on the market, which
caused a reaction in the railroad stocks.
Heading fell back a point, while Union
Pacific sold as much below yesterdays
closing. Some of the metal stocks and
industrials were meanwhile moving up
wards. Buying orders We're distributed
in Reading and Union Pacific later,
which pulled them up la and liz from
the lowest. and the rest of the list also
f iOoC y IAtddliiS cFLODQ bIEltITC0
gained 1 points, American Cotton Oil 3
and Union Pacific preferred. Wheeling
and Lake Erie first and second pre-
ferred. Republic steel preferred. u. S.
Steel prele1red, the Bethlehem Steel
stocks. L s. Rubber. yirginia-caro-
lima Chefnican and American Linseed
preferred l to IL.
Noon-The movements of Reading
o lZ.~sro411 - x.-l-AJ- ..-I-x - -.I -,
that stock fell back TO Isl the list
halted. Enormous transactions in
Reading then came up. carrying the
stock to 1881. Union Pacific was
heavily dealt In at an advance of ~.
Gains of a point or more were made by
Great Northern preferred. Northern
Pacific, Wabash preferred, New York
Central. Cleveland. c., C. and st. Louis,
American Smelling American Tele-
phone ard American Agricultural
Chemical. New York, Chicago and ST.
Louis second preferred sold at an adj
vance of 4. Minneapolis. ST. Paul and
Sault Sainte Marie and Bethlehem
Steel preferred 5, National Biscuit pre-
ferred .. Southern Railway preferred
and New York, Chicago and st. Louis
declined / M United Railways and
Investments :. fSPduii4E tcif bdth d
point at noon. Bonds were firm.
1 p. m.--uTnitee states steel preferred
was carried un 3 points to 11SA. This
gay another Upward stimulus to
prices. in which TIE & standard aivi-
dend- paying railroad stceks were most
In demand. Reading was less promi-
nent, but lowered around 1853. Union
Pacific also was a notable feature
touching 1903. a gain OF , points
American Steel Foundry moved up az
Federal Mining III. st. Pau tss. Penn
%sylvania Ia and Southern Pacific
Amalgamated Copper and American
Tobacco preferred I. Canada Southern
ran off 9. Western Union IL and
Pressed Steel Car preferred /.
? p. m.-Hesitation caused a contrac-
ton in the dealings for a while. but
the market did not vary much and a
further rise in Reading to 154A. MAX
ing its gain 8 points. stiffened prices
again. Central Railroad of New Jer-
sey jumped 10 points. Sloss-Shefieid
Steel preferred, Peoria and Eastern az
New York Central is. Illinois 1M.
American Smelling preferred Ia and
Northwestern l.
3 p. m.-TIe market closed irregular
and unsettled. Traders sold to take
profits. and Reading and Union Pacific
fell back 21z and IL, respectively. Cen
trail Railroad of New Jersey and Lacka
wanna made gains OF Is points. and
Louisville and Nashville, U. S. Rub
Der first and second preferred and Ten
nessee Copper IA to 2. The reaction
became sharp in the late dealings. max
ing important inroads on the days
gains. Denver and Rio Grande lost l.