Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-08-03
MARKET IS STRONG
AND FAIRLY ACTIVE
IN FINAL HOUR
RecOveries of from One to Two
Points in Union Pacific and
Others on List.

NEW YORK, Aug. 3.-There was a
good deal of irregularity today in the
opening dealings in stocks. The up
ward tendency of yesterday was con-
tinued at some points, but realizing
sales caused sharp reactions at others.
Rock Island. United States Steel, and
Amalgamated Copper fell 1 and Union
Pacific. Southern Pacific. Reading, At
Gibson, New York Central substantial
fractions. Louisville and Nashville. IN
ACKNOWLEDGEMENTS preferred and
Colorado Fuel advanced a..
The market later became heavy,
there being large declines in some of
the leading stocks. Afterwards there
was a brisk demand for a number OF
minor stocks, and the whole list turned
strong. Rallies from the low point ran
from 1 to III in Union Pacific, Read
ing, New York Central, Atchison, u. s.
Steel, Amalgamated Copper and Amer
lean Smelling.
There was a sudden drop of 3 points
in Third Avenue on the ~disapproval
OF h reorganization plan by the Pub
lie Service Commission. United States
Express rose ga and Central Leather
~. Gains of l to ~ were made by a
dozen or more of the less active stocks,
including Chicago Great Western and
ST. Louis Southwestern preferred IN,
Illinois Central IN and several others
a point. At II o'clock the market was
ruling fractionally below Its best prices
and was quiet.
The market was affected by the dis
position to realize on the sharp rise In
prices yesterday. Strength in special
stocks was a sustaining influence.
Rains in the corn belt and the improv-
ing money situation were the helpful
factors.
Erie first preferred rose 2 and Rock
Island preferred IL. Noon prices were
about the lowest up to the time, with
Amalgamated Copper down 2, Southern
Pacific ~, Northern Pacific ~, and
Union Pacific, st. Paul, Reading and
Sloss-Shefleld Steel 1. Bonds were
firmer.
The list was offered down steadily,
with no effective support ~interposed.
Losses of 2 points were general In the
representative stocks. National Bis
cult was forced down 8 points, Great
Northern preferred 2, Northern Pacific
3, Union Pacific IL, American Smelt-
ing III. New York Central and Amer
lean Locomotive ~ and Atchison, Mis-
souri, Pacific and Chesapeake and Ohio
1. Detroit United Railways moved up
51s, Delaware and Hudson 2 and Min
neapolis and st. Louis and Tennessee
| Copper /.
Intermittent selling kept the market
down, with the pressure most effective
in st. Paul, Reading and United States
Steel which were from ~ to 2 points
under yesterdays closing. Other losses
were Missouri Pacific and Great North
ern Ore Certificates 2, Wabash pre-
ferred 1A, st. Louis Southwestern pre-
ferred and Interborough Metropolitan
preferred IL and Toledo, st. Louis
and Western 1. Kansas and Texas pre-
ferred rose IL and Republic Steel pre-
ferred 1.
The market closed strong and mod
erately active. The decline in Great
Northern preferred in the final hour
ran to "a. A sufficient demand de-
veloped from shorts to rally prices.
Recoveries reached from 1 to over 2
points in Union Pacific, Chesapeake
and Ohio, Northern Pacific, Southern
Pacific, st. Paul, Missouri Pacific,
Reading, United States Steel ana
American Smelling. American Agri-
cultural Chemical gained 1.