The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-11
WALL STREET PRICES
Raid on Great Northern Stocks
Forces the Preferred Down
Five Points.
Twin City Rapid Transit Loses Two
List Shows Mixed Gains
and Losses.

New York Sept. 11-Opening prices on the
stock exchange showed only slight changes either
way IN the leading stocks. The western group
was firm and somewhat higher on the favorable
showing made by the government crop report, but
some OF the minor stocks were heavy. The United
states Steel stocks opened at unchanged figures
but common soon eased off to 80. Realty pre-
ferred made rapid drop of 81 and Great
Northern preferred opened down points; Nor
FOLK q Western advanced 1 rs.
Large selling orders appeared simultaneously
IN I'll parts of the room and the market ran OH
abruptly. The specialties showed the least re-
sistance to the pressure, Amalgamated, Tennes-
see Coal, Brooklyn Transit and Reading declining
point Dealings were OH q large scale In Unlteu
States Steel, and after it had steadied momenta-
rly, ran off again, to 1875.
The grain carrying re ads all rallied substantial
Yesterdays closing figures. Other losses We're "a
point in New York Central, North Western Atcnl
son preferred Minneapolis st. Louis and he.
public Steel preferred, in st. Joseph q Grand
Island second preferred and u in Atlantic Coast
line. Prominent stocks were ruling above the
lowest at II o'clock and the market was dull:
The market fell into Intense dizziness IN tne
second hour and did not vary much until near
noon, when it hardened good fraction under
tile lead of Atchison and Amalgamated sharp
changes were noted in number of less active
properties, for instance, Lackawanna, Manhat-
TAM American Ice preferred, Cleveland, Cmcn,
natl, Chicago& st. Louis, which declined 1, anu
Twin City Transit 2, Realty preferred rallled IN
from the lowest
The severe decline III this stock was quite gen
orally attributed to the announcement OF the aus
solution Of the underwriting syndicate Norfoik
d Western lost its opening rise of point on It's
| excellent annual statement. The bond markes
was very quiet and slightly irregular at noon. -
Atchison was bid up rapidly and touched a. %
on an active demand for both accounts rms
buying impaired irn,ness to the general railway
list, which averaged a small fraction ABOVE
| yesterdays close. There was an improved ue
mand for United States Steel which ra!iied 70
2OM and most of the other specialt1es wn1cn hau
| been under pressure recovered.
Stock speculation displayed a good undertone
during the afternoon, tho the volume OF business
was rather light Union Pacific and Metropoll'
tan Street Railway were lifted and ~ re,
spectively, and there was sharp 1racuonai
| advance in st. Paul and Missouri Pacific heaHz-
ing In Atchison checked the buying In that STOCK
but it's reaction was small.
Some additional good gains were made ny sp S
cial stocks in the closing hour, partlcuiails
Southern Railway preferred and United states
Steel preferred which advanced point ana sl 1,
ginia Carolina Chemical preferred 2A Noriolk
& Western recovered to the best and lnterhaiioh'
al PAPER preferred wiped out its early decline.
Dealings were very sluggish in the general mar
ket, but the prices were pretty well maintained
The closing was firm. , =.
Stock quotations reported for The Journal nS
! Watson & Co.. brokers, Chamber OF commerce
Minneapolis. Closing figures are bld.