The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-20
INDUS1RIALs GO UP
Steel Advanced d Point on Enormous
Dealings and Stocks offered
Freely on Rise.
Top Prices Touched and Active Mar
ket Helped by Further I'm
ports of Gold.

New York, Nov. 20.-The principal price
movement in the opening dealings In the
stock market to-day was amongst the
industrials and specialties. The changes
IN the standard railroad stocks were small
and mixed There were running sales of
10000 shares Of United States Steel pre-
ferred at 53ss and 53ss. compared with
52B last night. with subsequent very
heavy transactions. There were enormous
dealings also in the second bonds at an
extreme advance of a point. American
Locomotive preferred rose 4, United States
Realty preferred 2. American Ice preferred
Ia and Northwestern about a point. Sugar
rose u and then reacted nearly q point.
Stocksshwere offered very freely on the
rise and the opening advances were can
celled in short order. Railroad stocks sold
below Yesterdays final prices and Anal
gamated suffered a loss of a point. United
States Steel second ,fiNes, after gaining 2
points, reacted over a point and the stocks
also fell sharply. Alton preferred, Wheel
ing & Lake Erie, Republic Steel preferred
and Canadian Pacific declined 1. Car pre-
ferred moved upi1 and North American 8.
The market moved upward again on
active dealings. stouc hing top prices. except
for the United States Steel securities,
which hung. Reports of further gold inn
ports helped the market. Northwestern
rose 2 and the preferred and Pere Mar
quette. 3. Southern Pacific and Metropoli-
I<lii SCCuI1llCS SetluSo loS anu d. uuttiDeI VI
minor stocks a point. Some of the smaller
railroad stocks recently advanced showed
the effect of realizing. Prices were lower
again and the market was dull at noon.
Bonds We're steady
? Profit taking was fastened by a resump-
ton Of the selling of the United States
Steel securities. The heaviness in that
quarter offset for time the good effect
produced by the rise in, Southern Pacific to
| above 40. Active stocks were improving
slowly at 1 O'clock. but they did not rule
much above last night. Toledo, st. Louis
| & Western and Bag preferred fell away
abont%2 points, while Cast iron Pipe pre-
ferred moved up as much.
Intermittent rallies alternated with
periods Of selling during the afternoon
The general movement was downward
| the rise in call money rates to 7 per cent
and the pressure against United States
Steel preferred restra lining buyers. Around
2 o'clock the market was almost lifeless
and active stocks were quoted wei lbeloW
their best prices. United States Steel pre-
ferred at 527s and Alton and Republic
Steel preferred were 11a and 21s lower re.
spectively. = 2:
The: reactionary tendency became more
| marked. United States Steel preferred
| touched SIS and Pennsylvania, Baltimore
& Ohio, ST. Paul. Missouri Pacific. Atchi-
SON. Wabash preferred, WISCONSIN Central
| Toledo. st. Louis &.SWestern preferred
and Peoples Gas declined about point
! below last nights level. Southern Pacific
reacted a point iand Realty preferred an6
Pipe preferred ~. There were gains Of
a point In Lackawa1li1a and Hooking Val
| ley preferred. The closing was dull anc
heavy. Els ~ id ts@i y I'll.
Stock quotations reported for The Journal by
Watson s Co., brokers' Chamber Of Commerce
Minneapolis. Closing figures, are bid