The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-12-11
PRICES + IRMER
ON W ALL STREET
sUBsIDENCE OF MAR scars
HELPS MARKET.
Furious Selling Of Br0oklyal Transit
Large Buying OF Erie Rise in
Amaiganated Trading on the
Whole qiiet-Details Of the Days
1 Proceedings.

! = Il
New York, Dec 1.-THE subsistence OF
the war scare in London ca ussd "a hri1ei
market there which was reflected at the.
opening here in higher prices. The New
York public utility stocks resumed an up
ward course. Consolidated Gas rising a.
The opening In United States Steel pre-
ferred was feverish, 200 shares selling at
5lA and 54as, and the next 1000 at 541a
to 54A. The price then relapsed to Bats
last nights price. Anlalgamated Copper
opened up a point and reacted IS
Furious selling OF Brooklyn Transit
turned an otherwise firm market into de-
preston. The sales of Brooklyn Transit
We're SO large, that the transa ions We're
reported on the tape in long sequence, one
such showing eighteen distinct trades OF
from 100 to 1,500 shares between 40 and SO.
The stock after touching 81 g dropped rap-
idly to ~ and rallied to 5O,4 when pressure
was removed. Offerings were heavy also
in other qua tiers. ist.
Tinted States Steel preferred declining
to s31s. The reactions from the opening
prices ran to a point in Anal gamated,
Sugar, Consolidated Gas Metropolitan
Street Railway and Missouri Pacific,
Southern Railway preferred and Metro
politan securities sold 1@1A below yester-
days closing. Large buying Of Erie coin
,cident with the rally ii Brooklyn Transit
lifted it 81 point and the general market
hardened slowly. Peoples Gas wasrushed
up. rs to 9SB.
A rise Of rs in aAmalganated Copper
carried the list upwards Thez rise over
last night reached a point in ST. Paul and
Erie second 3preferred:z Bag preferred
gained q Brooklyn Transit; recovered its
loss. Fresh weakness in United States
| Steel preferred which dropped to 52A
checked the rise. Losses of a point were
scored by Western Union, Kansas & Texas
preferred ard Reading first preferred.
| Bonds. We're easier. sst'As 81
Some resistance was encounteredItoat The
bear selling Of United States Steel pre-
ferred after 1t broke to SO and the sellers
turned mod erate buyers. The. price how
lever, did not recover much, the appear
ance of large blocks. of stock on the rise
soon checking the recovery. trading on
| the whole was quiet and not of much in
/ terest outside of the NOV ements in a few
specialties. Pennsylvania gained a point
while Miiineap polls and st. Louis lost u.
The afternoon trading was largely given
] up to special movements in various indus
trials. Notwithstanding Of United States
Steel preferred encouraged sales OF sugar
lAmaigamated and Brooklyn Transit. which
i:kept the general speculation t"feverish
United States Steel preferred made Eocca-
Isionaf feeble rallies, but eventually de-
icHned to 5214 on a currentEicf offerings
j Sugar and Brooklyn Transit, came back t.
about a point below last night and Anal
.gamated fell over a point below its best
Early advances were cancelled In some
quarters, Including Pennsylvania, Union
/ Pacific and Missouri Pacific.
H. United States Steel preferred was a con-
I titiued weight upon the market, getting as
law as 51s. The common stock touched
4 10. Pump preferred broke ., Westng-
Ehouse Electric IS, Anacondat11s and Gen.
eral Electric and Pressed Steel Car IA
1.-The closing was moderately active ant
/ heavy. tssaE ..{S .%#
+ Stock quotations reported for The Journal oby
/ Watson d CO., brokers'. Chamber Of Commerce
/ Minneapols. Closing figures are bid