The Minneapolis journal., 1903-10-14
W WALLSIREET PRICES
Stocks Opened Well With steel Pre-
ferred a Point over Last
Night. f
Later a Slump Develops 7. G. R. T
Falls 21a Points and Subse-
quently Receivers.

New York, Oct. 14.-Opening prices in
the stock market advanced all around,
helped by the strength of the London
market. United States Steel preferred,
Amalgamated az Copper, Sugar and Cana
dian Pacific gained a. point each. There
We're very heavy dealings in United States
/ Steel at an advance Of "A, the first block
OF 1900 shares being followed by a trans
actlon IN 5000 shares. Dealings We're on a
moderate scale. $50
Selling of the Canadian group Of. stocks
led to some realizing elsewhere and open
ing gains were partly lost. Canadian Pa
clhc-reacted ss. Detroit United Railway
declined 81, Twin City Rapid Transit 25S
and Minneapolis, st. Paul &, Sault Ste.
Marie 1$. The general market ignored
this influence, later and some Of the lead
ers rallied to Well. above their first prices.
Baltlmore & Ohio. Louisville, Reading
common and second preferred, Illinois
Central ST. .RauI and, Colorado Fuel were
among those which at IL o'clock ruled a
point or more higher than yesterday s
close. Westinghouse Electric gained 2A
and Locomotive preferfed yielded 1A.
| Twin City Rapid Transit recovered its
/ loss. 5F a55 g :, :
The price movement turned downwards
IN sympathy with reaction of IN in
! Amalgamated Copper. Some stocks
| touched the lowest of the morning. South
ern Railway. preferred, Wisconsin Cen
trail preferred and American Car fell, 1 to
| IN below last night. There was rise of
~ in Consolidated Gas. The market
lapsed into semistagnation with the un-
certainty caused by the irregular move
ment. -s Z.1,-c,"
Bonds were steady at noon. f. ..>:e
The pressure against Amalgamated con-
tinued until it was forced down to 34fs.
Some of the other metal stocks became
heavy but the. market in general was
\ Ste2nV 011ifa 1,r1I a1,,1% &,
the dividends of the: Vulcan Refining
stocks caused offers of the common stock
at Is and the preferred at so, compared
with previous transactions at 24A and 70
respectively. :. E2'. -
The feature Of the stock market in the
early trading to-day was the apparent
liquidation in the. various stocks Of the Ca
madam group. Canadian Pacific, which
opened with full point advance on Lon
don's lead, soon lost all it's gain and
more. Minneapolis st. Paul & Sault Ste.
Marie common, after a fractional advance.
declined points. Twin City Rapid Tran
sit lost 213 and Detroit United Railway
r. Aside from the disturbed condition
of the stock market thruout the Cana adam
provinces, particularly in Montreal, there
was no news to account for the break in
these stocks. y .1s. 4:
Minor specialties gave the only evidence
of weakness, railroad stocks falling into
'SoSAA
City Rapid Transit returned to its low
point Of the morning, and Minneapolis,
st. Paul & Sault Ste. Marie went a., point
lower. Canadian Pacific shared In the
weakness of these stocks and lost 11s.
American Car preferred, smelling pre-
ferred, Metropolitan Street Railway, North
American, Biscuit, Rock Island preferred
and Wisconsin Central preferred fell off
between and points and Pullman g.
There was a drop Of 10 points in Third
Avenue. 3'~ -5'.s - u,
The va derbilt stocks after long neglect
came into demand and a rise of <1@1h in
the group caused a stiffening in prices at
other points: r Canadian Pacific more than
reGovereo IT'S slosss4La ~ 3at5..
Reading was marked up n and rallied
the market Slightly. =,Amalgamated and
Canadian Pacific recovered a point. Prices
then fel! to the lowest of the day in sym
rathy with drop in 'Amalgamated Copper
to 1870, a new low record. The Amer
lean Car and Smelling stocks suffered re-
newed depression, Car losing 3ss and the.
preferred AZ. Western Union and Re
public Steel preferred fell u and Leather
preferred 2. @jgs O. -" 10
Stock quotations reported for The Journal by
Watson & Co., brokers, Chamber of Commerce.
Minneapol1s - Y. :
Closing figures are bid. iii. F. go