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Show RAiLHOAD ISSUES EEATUREMARKET Southern Pacific Makes Mew High Record for Current Movement at 118 1-8 Wide openings in Southern Pacific and Reading, the dominant issues of the previous day. were the features a' tho outset of today's stock market Bi -'slon. A block of 8.000 Southern Pacific Paci-fic changed hands at 1111: to 11 '.. against yesterday's final price of lll'j, while 4,000 Reading sold from 103 to ioipV the latti r figure representing an 'overnight loss of a small fraction. Other active rails embracing the Pacific, Pa-cific, granger, coal and cotton groups Ware higher by fractions to one point. eccptlnR Canadian Pacific which lost few transactions Railway equipment also Improved, lint M-xl-an Petroleum Crui-ihle St' - l I nt- rn.i t lonal P.ijier and Bears Roebuck denoted pressure Aside from Beading, rails forged steadily ahead in the very heavy trading trad-ing of the first hour. Southern Pacific made a new high for th movement at 118V6 I'nion Pacific and Great Northern North-ern gained points remiss Hie A N'uh vine and Delaware ft Hudaon 2'j and other b-ading transportations 1 to 1 While JerSSy Central was conspicuous for a point advance on relatively few rtanaactions- Rallwaj equipment! strengthened with Mexican Petroleum but Royal I 'utch. United Fruit, Marine Mar-ine preferred, Aunrlcan I nt- rnatlonal. Crucible and Gulf States Steel were heavy- Profit taking caused a reersal in rails before noon of I to l' points. Call money was unchanged at ;t per cent, ami foreign exchange was lower. With a new minimum for the Italian rate. The reaction assumed wider proportions propor-tions at midday When prominent industrials, indus-trials, especially the Independent steel showed extreme losseaof 2 tO -t points. Ralls also continued to yield and the heavier specialties Included Industrial Alcohol and Hide and Leather pre-j pre-j ferrcd. |