OCR Text |
Show RISING PRICES IN WALL STREET NEW YORK, Oct. 2. Gains were in a large majority In the changes resulting re-sulting from an active opening in the stock market today, but a number of issues showed the effect of realizing. Reading opened at 151, compared with 1534. Wisconsin Central preferred advanced ad-vanced 5 points. Brooklyn Transit 1'4, and Atchison, Northern Pacific, Rock Island, Amalgamated and Smelting about a point. Confident absorption of various leading lead-ing stocks soon induced a uniform movement move-ment upward. The weight of realizing in Reading, Atchison and Union Pacific, Pa-cific, which drov,e them down a point from the highest, had its effect after af-ter a time and the market receded. Shortly before 11 o'clock aggressive buying of United States Steel commenced, com-menced, but it did not - infuse any strength into the other leaders. Prices receded after the United States Steel stocks had risen over last night. Chicago & Alton' gained 3, Wisconsin Central, Rock Island preferred pre-ferred 14 1 the common and Texas t, Pacific IV2, and some others a point. The reaction left only a fraction of the gains in Reading and Union Pacific and carried many stocks below last night's level. Prices were rising again at noon. . Bonds were irregular. |