OCR Text |
Show first hour. There was no demand ol consequence for any of the leaders, but prices rose until a number of Important Import-ant gains were established. St. Paul, Minneapolis & Sault Ste Marie, Norfolk Nor-folk & Western, Southern Railway preferred, pre-ferred, Toledo, St. LouIh &. "Western, American Smelting, Sloes-Sheffield Steel. United States Rubber and Distillers Dis-tillers Securities were lifted 1 to 1 1-4. The market closed active and buoyant. buoy-ant. ' Announcemc-nt of the purchase of $30,000,000 of Armour & Co.'s bonds was accepted as evidence of the sustained sus-tained Investment demand of capital and of the abundance of money supplies. sup-plies. Prices advanced on large dealings, deal-ings, the Coppers and Southern Railway Rail-way being prominent. Anaconda and Amalgamated Copper rose 1 5-8, Southern South-ern Railway 1 3 8, American Malting preferred 1 1-4, Southern Railway preferred, pre-ferred, PennsyUanla, Atlantic Coast Lines, Chicago Great Western preferred prefer-red "A." St. Louis & San Francisco pecon'd preferred, Peoria & Eastern and Tennessee Copper 1. Ixmg Island shot up 4 1-2 points, and Reading second preferred 2 3-1. OPENING PRICES OF STOCKS CARRIED HIGHER ON DEMAND New York, May 22. Opening prices of Mocks' were carried Sracljonally higher on a light demand. There were lonly a few exceptions to the advance and theso among the less important I stocks. Western Union1 rose 3-4, Kan-Ua3 Kan-Ua3 City Southern 5-8 and United 'States Steel 1-2. .. Quiet strength prevailed during the |