OCR Text |
Show ii ur.LL sir.zj" NEW TORK .s Junes. 7. There were a number of sharp gains over last' night at the opening of the stock market here today, to-day, while the general range was a small fraction higher. Illinois Central rose X Great Nortnern preferred; Denver A Rio Grande and Locomotive about a point and Baltimore & Ohio, Chicago Union Traction Trac-tion preferred. Smelting and Consolidated Gaa large fractions. ' The early demand showed the best effect ef-fect In the standard railroad stocks, particularly in Important leaders of the gi anger. Pacific. Southern and Trunk line groups. The advance in these was retarded re-tarded at times by the pressure against other stocks, such as the Copper and some other metal stocks. At 11 o'clock the general market was showing a good tone, weak stocks rallying In sympathy with the rise In Union Pacific Illinois Central moved up 6 points, Consolidated Gas 2. Linseed preferred 24 Wheeling, A Lake Erie second preferred l, Baltimore St. Ohio and New York Central lVk 8t. Paul 114 and Union Pacific, Delaware A Hudson, Wheeling & Lake Erie and American Tobacco preferred L Colorado uel was forced down 2 points. The market showed strength in spots, but realising held prices down or caused reactions from advances along with the rise In special stocks. During the second hour the gains were In Great Northern preferred, which rose 114, Kansas; Texas Tex-as preferred 1 and the common. Northern North-ern Pacific. C. & S. second preferred and Sugar 1. At noon Reading was suddenly lifted to $1.45 and the rise In New York Central reached 2 points. Bonds were steady at noon. The bulge in New York Central at noon caused some demand for controlled stocks and there was a further rise in Reading to 145H. followed by Delaware ft Hudson Improved 24, Northwestern 2V4. and New York, Chicago & St. Louis and the second preferred, Wheeling, ft Lake Erie first preferred and Pneumatic Service Ser-vice 2 to 24; Republic Steel 1V4 and Canadian Can-adian Pacific 1. Tennessee Coal fell back Small dealings did not Interfere with the bull programme mapped out for selected stocks. Late In the day Amalgamated Amal-gamated Copper made a bid for recognition, recog-nition, moving up 1H under yesterday's closing In contrast to its early heaviness, fhe general railroad list was quiet, tne ?,V.y , bln largest In the specialties, c. V,01"' hardened 1V4, Republican wtS.'. Northern Pacific 2, American Woolen IS. TneeJJ,lnsr movement of the last hour 5arr,Vd,St Paul- Union Pacific. Consolidated Consoli-dated Ga and some others which were less prominent today" a fraction below last nlKht. Stocks which had developed strength early in the day held better and there were some fresh advances. Wisconsin Wis-consin Central gained 1V4. th nreferred Z"A. Groat Northern pref-rred 24, Ana-con,3S Ana-con,3S 2. and Hocking Valley 1, St: Louis and San Francisco second preferred, and Interborough Met. 1. V. 8. Express o!d at an advnnce of . ani Amriran Express Ex-press 84. The closing was heavy. |