Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-01-17
RALLY IS
MADE IN PRICES
IN CLOSING HOUR
Hill Stocks Worst Sufferers i'm
Raid-Cl0se Unsettled
and Nervous.

NEW YORK, Jan. 1.-THE opening
stock market today was not fully re-
sponsiye to the rising tendency of
prices for Americans which was mani
fest in London. Prices of most stocks
were higher, but some of the most
active speculative issues declined. The
most conspicuous gains were in the
Gould group, Western Maryland rising
IA, Texas and Pacific, Denver and Rio
Grande and Wabash preferred / and
the common and Missouri Pacific large
fractions. United States Rubber and
Chesapeake and Ohio I. Union Pacific,
Southern Pacific, st, Paul, Louisville
and Nashville and Erie declined sub
stantial fractions.
il a. Prices went fractionally
lower, making the loss in st. Paul Ia
and Union Pacific and Southern Pacific
/ before Il rally began. Large buying
orders We're executed in U. S. Steel, and
when that stock rallied a point, the
whole list started up strongly. Wabash
preferred, International Harvester, U. S.
Pipe and Pittsburg Coal preferred sold
2 points above Saturdays closing, Rock
Island 1ss and General Electric, North
American, Pittsburg Coal, international
Pump and American Steel F%oundries ].
Trading became duh at the rally.
American Wooden declined Ia.
Noon-The slow upward movement
of prices was resumed and established
IT,;a, ID,n;Gn Nau+ Vprlr Central
Louisville n Nashville, Colorado and
Southern, Chicago and Alton, Toledo
st. Louis and Western, Cleveland, G.
C. and St. Louis, u. S. Steel and Great
Northern Ore Certificates ! above Sat
urday, Pressed Steel Car IA, st. Louis
and San Francisco second preferred,
National Lead, Pacific Mail and La
clede Gas IL, North American is, Mis-
souri, Pacific and Utah Copper ia,
Brooklyn Union Gas 2h and CONSOLE
dated Gas 8. Prices yielded a fraction
before noon. Bonds were firm.
l p. m.-Stocks were sold freely again
after 10 o'clock, T. S. Steel breaking
from S6a7s to s5ls. st. Paul was the
weakest of the railroad list, giving way
more than 2 points, TO below 14S.
Western railroad stocks We're all under
decided pressure, Northern Pacific,
Great Northern preferred, Atchison,
Union Pacific, Southern Pacific, Illinois
Central, Northwestern. Reading, Amer
lean Smelling, Kansas City Southern
and Amalgamated Copper losing from
/ to IA.
2 p. ni.-The acute weakness of trans
| continental railroad stocks affected
sentiment very unfayorably. Grea
Northern preferred showed a loss o
31s, St. Paul and Northern Pacific 3
Union Pacific and Amalgamated Cop
per 21s, Reading rs, Southern Pacific
2%, Louisville and Nashville, Ameri
can Car and National Biscuit 2, Allan
tic Coast Line, u. S. Steel and Brook
lyn Transit ~, Pennsylvania Ia ant
Erie, Ontario and Western, American
Locomotive. Anaconda and Westing
house Electric /. Around $50 o'clocl
the bulls managed to rally the list
Great Northern preferred recovering
point. but by 2 o'clock the decline wa
in full swing again
The stock market closed sluggish
with a feeble rally from the loves
marks reached. The weakest points
were the Hill stoeks-Northern Pacific
and Great Northern-against which thu
principal attack was directed by tht
bears. There was little interest in the
trading in the last hour and the volume
of business was small.