The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-12-10
HEAVY SELLING
ON WALL STREET
MARKET REFLECTED DEPRES-
SION IN LONDON.
Speculative Buying Of Brooklyn
Transit Gave Appearance of Buoy
ancy to Local Group-Railroads
Stocks Slightly Firmer - General
Market Slightly Up-Details of the
Days Proceedings.

New York, Dec. 10.-The opening Of the
stock market was very irregular. The
New York Public Utilities advanced a
fraction. Consolidated Gas rose IN, Brook
Ign Transit opened down =. but immedi-
ately rallied 70. The specialties generally
international market reflected the depres-
sion in London. United States Steel pre-
ferred declining nearly point.
Speculative buying Of Brooklyn Transit
on a large scale gave an air of buoyancy
to the early speculation in the local group.
lyn Transit 21s, while the others rose from
l to IN. Other stocks as rule did not
gain much, but Amalgamated. Sugar and
New York Central exceptionally improved
and General Electric 2 points.
The market ran off rapidly later, with
the volume Of selling somewhat heavier
than the early buying St. Paul and
United States Steel preferred were espe-
cially weak and yielded lola. Adj
vances in the specialties were well re-
duced or wiped out, and the general rail-
road list ruled a large fraction below yes
terday's close. Railway Investment pre-
ferred lost and Virginia. Carolina Chem
ical gained 8.
Large buying Of Erie rallied it over a
point to a fraction over last night.
The second preferred gained and Read
ing second preferred 1k. Railroad stocks
became slightly firmer and Sugar recov-
cred to the best, but the industrials were
unsettled. Brooklyn Transit, after a rally,
was forced back to about last nights level.
There were losses in Anaconda, Locomo-
tive preferred, Republic Steel preferred
Paper preferred, st. Louis Southwestern
preferred and Toledo, st. Louis & West
ern preferred of l to 2. United States
Steel preferred extended it's loss to 2.
Bonds were steady.
The selling seemed to be pretty well
finished for the time being, after Penn
| sylvania had given way a point. Renewed
purchases of the fractions brought the
general market up slightly, but the buying
was comparatively small. Consolidated Gas
| rallied to 1851 and Brooklyn Transit
| to So. ...
Business fell off considerably during the
afternoon owing to confusion caused by
cratic fluctuations of the local stocks
Brooklyn Transit broke to about 81 anc
Manhattan and Metropolitan Street Rail
way declined to the lowest. The Pacific
Reading, Norfolk & Western, Baltimore &
Ohio, Southern Railway preferred ant
Amalgamated Copper yielded a point o.
more. Snuff preferred advanced 3. Pres
sure was becoming severe against the
Standard stocks at o'clock.
The decline carried the local traction!
to a point or more under last night ant
Missouri Pacific and st. Paul rs. On
point declines were numerous in activ,
stocks. Quick profit taking by the bear
caused slight rally but the United State
Steel stocks continued weak and dragged
back the market. The common stock los
a. point and the preferred 8. Rutland pre-
ferred rose on a single sale. The clos
ing was active and rather irregular
| Stock quotations reported for The Journal b.
Minneapolis
Closing figures are bid.