The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-24
RUSSIAN BREAK
) BREAKS PRICES
STOCKS DECLINE OWING TO FISH
ING FLEET INCIDENT.
Generous Blocks Offered at the Opening
Ontario and st. Paul Were Elk
ceptions to the Rule Of Declines at
First, but Selling Depressed Prices
Later.

New York, Oct. A.-The opening decline in
prices of stocks today was attributed to the
nervousness caused by the attack of the Russian
fleet on an English fishing feet. There were
large blocks Of principal active stocks offered at
the opening. Reading fell point and there
were large fractional declines in the local trac-
tons Missouri Pacific, Union Pacific, Canadian
Southern Railway, Louisville & Nashville, Anal
gamated Copper and Peoples Gas. The opening
safes IN these stocks were of 1000 to 5,1OO
snares the latter for Southern Railway. Ontario
d Western and st. Paul showed sharp contrast
with the rest If the list, the former opening un-
changed, then rising point and st. Paul. after
opening up ", rising large fraction in addi-
uoh. supporting orders were in evidence and
decline. - :.
The selling at the rally proved more aggressive
than at the opening and carried prices to an av-
strong stocks were practically wiped out Read
ing was carried IL under Saturday. Pennsylva-
MA, Wabash preferred, Wheeling & Lake Erie
an the second preferred point. Manhattan
touched 81, and the common 2osk.
Copper Ee Feeling Roch island Id and eh
cago Great Western. When the selling spent
lts 1orce ontario & Western lifted to AN
ana sugar to 1895. The market rallied and be-
noon. rss.s. - = 80 -
Erie and Ontario & Western monopo1ized most
OF the midday dealings and both reached a
substantially higher level. Erie touched 4OM
and Ontario & Western 49, The general railway
list moved narrowly and there We're several dis
tinct weak spots, particularly Southern Pacific,
Louisville Nashville and Illinois Central. Large
buying of the Mexican securities benefited Ma
t1onal Mexico preferred 1 and Mexican Central
IN. Some of the specialties became buoyant,
the Virginia Carolina Chemical stocks rising
ana smelling preferred 4 points. North Wes-
tern, New Haven and Lake Erie & Western de-
clined a point and Chicago Great Western pre-
ferred g.
An outbreak of bullish enthusiasm occurred in
the Pacifics after / o'clock, and they rose rapid
y on large transactions. Southern Pacific and
Union Pacific sold point above Saturday s
closing, and Missouri Pacific crossed 1O3. The
grangers moved up sharply in sympathy, and
pennsylvania also exhibited belated strength
Continued buying Of Erie brought it to IL, but
ontario & Western was easier on realizing. Ice
preferred declined 23s.
The taking of profits by room traders caused
reaction which was restrained by the bidding
up OF Rock Island to above 33, and the market
ultimately rallied. Locomotive lost u, Pressed
Steel Car and Westinghouse Electric first pre-.
ferred 3. Prices did not in all cases recover to
the top, and there was some evidence of re-
neWed realizing. The closing was, In conse.
quence, irregular but very animated
Stock quotations reported for The Journal by
Watson & Co., brokers' Chamber of Commerce.
Minneapolis. Closing figures are bid.