The Minneapolis journal., 1903-12-02
STOCK CLIMB HIGHER.
United States Steel Leads the Ad-
vance on Buying In Big
Blocks.
Pennsylva9ia Sold Freely on De-
cline-Animation in Sugar
Puts Price Up.

New York. Dec. 2.-The opening of the
stock market to-day was active and prices
We're generally higher. Stocks showed
fractional declines including United States
Steel, sugar, Republic Steel preferred and
Erie. Reading and New York Central
rose IS, Wheeling & Lake Erie and To-
ledo, st. Louis & Western preferred a
point, and Denver & Rio Grande Ia.
Large blocks of United States Steel pre-
ferred We're bought, carrying it to above
So and the general market. showed a dis
position to advance further Heavy SELL
ing, however. of Pennsylvania, momentar-
lily checked the advance. Western stocks
We're then brought forward. Rock Island
and Reading showed the most conspicuous
strength, and their rise of a point was
followed by general bidding up Of other
stocks to the highest.
Other gains noted reached to III in
Wheeling d Lake Erie first preferred.
Union Pacific preferred Canadian Pacific,
Iowa Central preferred. General Electric,
Pressed Steel Car preferred Corn Prod
ucts preferred and Twin City Rapid Tran
sit. Trading became broad and very act
i've on the rise, but pressure was renewed
against Pennsylvania.
Buying movements We're intermittent,
and the selling of Pennsylvania to below
lis checked the advancing tendency. Wes-
/, tinghouse Electric first preferred jumped
l10, Chicago, ST. Paul, Minneapolis &,
tOHldIld sJUSepIl S1IdIlQ 7lSld.Iu lliSI
preferred, Westinghouse Electric, Smelt-
ing, Enameling. Delaware Hudson,
Wheeling, Lake Erie second preferred and
st. Joseph & Grand Island comman and
second preferred. Metropolitan Securities
fell IL and Minneap polls, st. Paul & Sault
/ Ste. Marie Ia.
Bonds were irregular a noon.
! Considerable animation developed in
Sugar and the demand was apparently sc
|insistent that the traders easily put the
price to 1891. Buying for the long ac-
count was renewed in a few other stocks
Enotably Reading, but the general market
acted sluggish, Obscure stocks We're vel
represented in the day S demand, but theiI
improvement had but little general effect
on the trading. Nashville, Chattanooga &
/ st. Louis and Smelling preferred fell of
a point.
/ Price movements Of the principal rail-
road stocks were not wide enough to cause
coment during the afternoon. The coal
ers and grangers held fairly steady ant
were neglected Amalgamated came inte
request and it's advance of Ia caused {
sympathetic gain of 2 in Anaconda which
had lost 3a4 earlier. s,..
Sugar extended its rise to 2A and con
tinued active. Detroit Southern preferred
moved UP n, and Kanawha & Michiga,
and United States Rubber preferred
points. 80.
The top-heavy appearance Of the mar
ket became rather more pronounced in tn
final hour and some of the early gain
; were entirely wiped out. United State
Steel preferred, Rock Island, Louisville
Nashville and Canadian Pacific reacted
to IL and Smelling preferred lost
The trading became dull at the reaction
and Sugar led a lateilrally with an ex
treme rise of 35s, Brooklyn Transit game
: 15s, Amagamated Copper IL, Railwa
Steel Spring preferred 2, Colorado Fue
, 31h, and Colorado Fuel convertible bond
-I7A. Realizing met the advance again an
, the closing was active and irregular
) Stock quotations reported for The Journs
by Watson g. Co.. Chamber of Commerce, Mime
apolis. ~ E55frr,z ~ r41..4zs