Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-20
OPENED FEvER|SH
CLOSED STRONG

New York. Jan. 3.-The stock market
had a fcverish opening with strong nd-
Vanccs in the majority OF the list
caused by a rush TO buy on the part
OF uncovered shorts. There was re-
newed slump in Hooking Coal. Tho first
sale WIS OF S0o shares at .. the low
point OF yesterday and compared with
- tho closing price yesterday. Tho
stock subsequently sold at =. and then
recovered 10 e There was "a heavy un-
loading OF Rock Island at drop OF 2A-
Chesapeake & Ohio also declined > Sales
OF 500 shares OF United states Steel
were made at s2lz and 25s compared
cd ga. Pullman ?, st Louis Soutn-
western preferred and Anal gamated Cop
per Ia. Louisville Il Nashville 1&.
wabash preferred. Northern Pacific. Mcr-
camille Marine preferred and Denver &
Rio Grande l. and many other active
stocks large fractions.
Prices yielded from the best after tho
opening.
The fcverish tone of the first hour
ended when supporting measures check
ed the reaction. Severe pressure on
Chesapeake & Ohio carried IL 3h under
last night and the general lcVol OF prices
fell back to below last night. Consoli-
dated Gas and Allis-Chalmcrs preferrcl
dropped 2t4. Pittsburg Coal preferred :.
American Smelling. Western Union and
Erie second preferred IL and some 9TH
crs n point.
Except in the coppers prices had re-
bounded to the best by IL o'clock
Announcement of the failure of tho
specialists In Hooking Coal caused only
a slight tromor In the market Prices
advanced again afterward. Hooking Coal
vibrated crratlcally between p and q.
Rock Island, Great Northern preferred
and North American rose ~ over last
night. New York Central and Wabash
preferred ia Reading g. Texas 6. Pa
cinc and Kansas City Southern pre-
ferred 15s,. New York, Chicago 6 st.
Louis g. National Railway OF Mexico
"a. Pullman and Union Pacific. st.
Paul, Atchlson. Missouri Pacific. Penn
sylvania, American Smelling and Ma
tional Lead ]. Rock Island preferred
declined p The tono was strong at
noon.
Bonds were irregular.
The list made further progress upwnrd
under the leadership OF the high-priced
railroad stocks but the volume of busi-
ness was much smaller than in the car
Her trading Northern Pacific and Rock
Island were bid up 3A above yesterday S
final prices, NorthweStern 2I2, American
Sugar .. and d number of less impor-
tant stocks point or more. later
reaction of . points In Rock Island had
a moderate sympathetic effect on the
market
The market closed strong and active
at top prices. a sharp decline after 2
o'clock running from l to 2 points In
several prominent stocks had the appear
ance of a bear drive. Prices rallied
subsequently to the highest OF the day.
Gains in New York. Chicago and st.
Louis reached Z. Great Northern Orc
Certificates and Bethlehem Steel 217. u.
s. Steel 2ss Della Hudson and Southern
Railway preferred .. National Railways
of Mexico second preferred Ia. United
States Realty, Virginia Carolina Chcm-
cal and Philadelphia Co. IL, Pittsburg
Coal IA and Atlantic Coast Line. Wa
bash, Illinois Central, Westinghouse
Electric and American Locomotive /.
The demand fell or at the higher prices
and there were some recesslons followed
by rallies. Colorado Fuel preferred sold
at decline OF ~ and Vulcan DEFINING
preferred Q.