The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-13
St. PAUL DOES A
FEATURE STUNT
SALE OF 5000 SHARES AT AID
VANCE ATTRACTS ATTENTION. D
Steel Preferred Also in the Lime Light
-southwesterns Showed Special
Strength, Also, in the Opening
Trading st. Paul Reacts After the
Opening Squirt.

New York, July 13.-The stock market
opened active and generally a fraction
higher, altho there were slight recessions
in some of the recent speculative lead
era, notably Union Pacific, Atchison. Penn
sylvania and Reading. The features Of the
market were st. Paul and United States
Steel preferred. There were simultane-
GUS sales of 5000 shares of the former at
LAT to 147%, compared with 146ss last
night, and 1000 shares of United States
Steel preferred sold at 60A and 603z, COM
pared with 60 last night. Some of the
southwesterns showed special strength. the
Missouri, Kansas & Texas stocks and ST.
Louis Southwestern preferred rising a
large fraction. and there was special
demand for Missouri Pacific. st. Paul re-
acted nearly point within the first few
minutes of trading.
The market was uneven in tone. Vlgor-
Gus bidding up of United States Steel
preferred to 81 met with moderate re-
Spouse in the money market, st. Paul re-
covering to 1471s. The rally was not held,
and the market became dull and irregular
again. Linseed rose III, Car preferred IL,
and Chicago Great Western debentures
fell on one sale. Bonds were firm at
noon.
Special stocks were bid up, while 9TH
ors were realized on heavily, causing con-
fused trading. St. Paups precipitate re-
action disturbed confident buyers, and
there was sympathetic setback. Enor-
nous purchases Of Southern Pacific and
various other leaders improved the later
tone. but by II o'clock the drift was again
downward. Southern Pacific encountered
heavy offerings in thousand share blocks
at so and, after touching 5o1s, it fell back.
Union Pacific showed the most weakness,
running off to $685. Isolated advances OF
Importance included a point in the Min
neapolis, st. Paul & Sault Ste. Marie
e. n cro 10
ferred, Tennessee Coal, United States Rub.
Der preferred and Twin City Rapid Tran.
sit IL in Westinghouse Electric, ir
American Express and in Atlantic Coas,
Line.
ST. Paul Rebounds Again.
Spirited buying of st. Paul and thu
Pacifcs infused renewed activity and
strength to the market. Outside Of the
leaders, however, the response was light
and trading became dull and hesitatins
when the traders took profits. The South
ern Pacific, Missouri Pacific, Kansas 8
Texas preferred. Colorado Fuel. Pressed
Steel Car and Sloss Sheffield Steel rose 6
point, and Ann Arbor preferred 8. Unior
Pacific rebounded from 92M to 92B, ant
st. Paul got back to 147%, its highest.
Touch High Points.
Union Pacific became prominent and wa
lifted to 941a. and Southern Pacific to 81 y
and st. Paul also increased its advanc
slightly, and the market in genera
touched the highest prices Of the day. New
York Central, Northwestern, Baltimor
G. Ohio preferred, Wabash preferred, Roc
Island and Corn Products advanced
North Western preferred 2, and Railwa
Steel Spring preferred 4.
After fractional reaction from profit
taking, prices rose again under the lead
ership of the Paciflcs. A number Of mino
specialties made new advances of poin
or more. Pressed Steel Car rose 81, an
Car preferred IN. The closing was nea
the top level and steady, but was rathe
quiet. !,
Stock quotations reported for The Journal b
Watson ! Co., brokers, Chamber Of Commerce
Minnea polls: :rslIi1tif i&GtS