The Minneapolis journal., 1903-12-23
MARKET 4 ! ! R STRONG
And VERY ACTIVE
3ss
OPENING SHOWED NO TRACE
OF YESTERDAYS DEPREssfON.
Rock Island Rises slightly, bnt is
Then Made Center. of Attack and
Declines, Recovering Later-E East
ern Railway Stocks Are Strong and
Industrials also Show strength.

New York. Dec. 23.-Business was gen
orally active at the; opening and there
was no trace of yesterdays depression.
Most of the important stocks were better,
including Rock Island, which showed: Il
rise of 1a per cent.
Attempts to pursue the rise further
brought out more stock than the market
could absorb and it became reactionary.
Brooklyn Transit and Consolidated Gas
resisted the setback for a time and. gained
about a point, but eventually fell back
sharply. sss<
Pressure against Rock Island was re-
newed, breaking it from 23ss to 22s4
and the preferred lost point net, IN,
explained weakness in Reading infused
some depression into the other coalers.
but offerings were very small. II Brooklyn n
Union Gas advanced 8 points. # #5 Z. g
The announcement of an increase sin
the Lake Shore dividend rate caused a
bull advance in New York Central and
some of the other Vanderbilts and a SYM
pathetic hardening in the general list.
New York Central Cleveland, Cincinnati,
Chicago & st. Louis and New York, Chi
cago & ST. Louis gained 1 to i n. Amer
lean Express, Peoples Gas, Westinghouse
Electric and Railway Steel Spring pre-
ferred rose 1 n to 2. Declines We're Della
ware & Hudson and Pipe preferred l,
National Railway, of Mexico preferred rs,
and Lake Erie & Western 8.
Bonds were firm at noon.
Brokers with buying orders for the high
priced coalers found but little stock avail
able at the noon level of prices, and bid
considerably higher to fill orders. Room
traders joined the buying movement and
ran the market up all around to the best.
New Jersey Central improved points and
Delaware & Hudson recovered its earlier
loss Of a point and added y to its value.
Amalgamated and Brooklyn Transit were
bought heavily and lifted 1 to ~ respec-
tively.-~St. Paul and Metropolitan Street
Railway also improved a point, New York
Central Ia, Canadian Southern 1B, aCleve-
land. Cincinnati, Chicago & st. Louis x
and Consolidated. Gas 21s. Rock Island
preferred recovered it's morning decline.
The stock market became broader an6
more active late in the day., with quite
a degree Of interest in stocks, selling al
par. or above. Sugar resumed its. old time
leadership Of the market and moved u1
2A. on heavy buying. United States Stee
preferred also responded to an increased
demand and crossed so. 81 Railroad stocks
were all fractionally better, particularly
the western and southwestern groups
Among, the important, advances elsewhere
noted were General Electric S4, Consoli
dated Gas and General Chemical 9, ano
| Northwestern, Manhattan and a few mi
nor stocks between / andt2 points.
Demand for active stocks slackened a.
soon as profit taking sales became eYiden
but the rise continued with vigor among tn!
usually dormant high priced stocks. .SFluc
tuations Of a point or more were common
I in these stocks and advances of from t
6 points were made. Westinghouse E1ec
tric made the extreme rise. Of Will
General Electric figured for&4M. .Brooklyl
Union Gas AZ, Delaware Sss}EIudson AM
Lackawanna g. Tennessee Coal after lonl
neglect was taken in hand and lifted ~
on active, dealings. The& alapse. in othe
quarterssWass light and ffie
stiffened again in ti1e3s MN dealings. Th
closing was dull and firm. 81
Stock auotations reported $for The Journal %
j w atson Il Co., brokers. Chamber Of Commerce
Minneapolis: Il. 81
| Glosing figures are bid s!tsEa