Salt Lake Telegram | 1906-09-21 | Page 10 | Ragged Dealing in Wall Street

RAGGED DEALING IN WALL STREET NEW YORK. Sept. 2L Prices of stocks started higher than last night with very few exceptions. Union Pacific, Baltimore Ohio, Delaware al Hudson and U. S. Rubber rose 1 and Chesapeake & Ohio Three thousand hares of Southern Pacific sold unchanged from last nighty and the stock then advanced a fraction. A series of buying and selling movements In different stocks lent a ragged appearance to the dealing. Most of the important stocks were inclined to follow the lead of Reading, Union Pacific and Southern Pacific, which went off sharply after the opening. Opposed to them waa the support of Baltimore & Ohio, Lead and Smelting and other specialties. special-ties. The confuston of orders resulted in a good many traders withdrawing from the market and buslaess became very small. Spirited buying of Southern Pacific and SL Paul raited the main point from the lowest, but Reading continued to drop and Union Pacific also continued under pressure, reacting react-ing to below yesterday's closing. Smelting moved up 1H. Pullman and Corn Products 14, and Northwestern. Lead and American -Ice I. Declines were established of a point In St. Paul preferred, U. P. preferred, Brooklyn Brook-lyn Transit. Third Avenue and Distillers' Securities, Se-curities, and i in Westinghouse Electric. Prices fell generally below last night, Reading Read-ing losing a point. The rise of 1H In St. Paul bad a moderate steadying effect, but the level of the market hung sluggishly about last night's level. Bonds were Irregular. Midday prices were shaded, especially in Reading, which sold down to 150 H. The appearance of liberal orders for St. Paul supplemented by a brisk inquiry for Amalgamated Amal-gamated Copper and Brooklyn Transit, pulled the list up sgais, but the general buying buy-ing flattened out on the advance. St. Paul s rise resrhed 2 points and that in Amalgamated Amalga-mated Copper and Brooklyn Transit 1 and 1 H respectively.