The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-07
REALIZING, The
EARLY FEATURE
SMALL CHANGES ELSEWHERE
MADE MARKET IRREGULAR.
Union Pacific Sold Under Last Nights
Figures Southern Pacific Behaved
in Like Manner-St. Paul Slid OF
a Half-U. S. Steel Was Firm at an
Advance.

New York, July Opening dealings
in the stock market today showed some
heavy realizing in stocks. which have
been conspicuous in the advance for two
days. past. Small gains and losses else-
where gave the market an irregular tone.
Thirteen hundred shares Of Union Pacific
sold at 91ss and 91%. compared with 90
last night. About $500 shares of Brook
lyn Rapid Transit sold at 501z and 5oss,
compared with 50M last night. Two thou
sand shares of Southern Pacific sold at
a decline of quarter, and 1900 shares of
Atchison unchanged. ST. Paul also ran
off II. United States Steel preferred was
cess1ve sales Of 5000 and 1000 shares of
stock. Metropolitan Securities rose y.
Profit taking sales poured into the mar
ket In large volume in the later transac-
tons and some Of the active stocks
yielded Il to X. Atchison Reading,
Brooklyn Transit. Amalgamated and
United States Steel preferred were sup
ported. Louisville dropped u and Penn
sylvania, Southern Pacific and Union Pa
cific n. Meanwhile a number Of minor
STOCKS We're being marked up, Reading
second preferred, Pittsburg, Cleveland,
Chicago & st. Louis, Tennessee Coal, In
ternational Paper and Metropolitan Sc
| curities rising Is to rs. Buffalo, Roches-
ter Pittsburg Jumped points on one
| transaction, and the market steadied tenn
porarily around 1890.
| The movement Of prices was uncertain
| and reactions were contracted. A rise OF
IA in Metropolitan Street Railway and
rs In Metropolitan Securities stiffened
the prices. United States Steel preferred
got Is over last night. Profit takine
forced the level of the market back again
to the lowest. St. Paul fell / and Min
neapolis, st. Paul & sault Ste. Marie
as much. The Metropolitan stocks reacted
with the market. Rubber Goods adj.
vanced IL.
| Bonds were irregular at noon.
Room traders encountered less oppos1
ton In depressing prices in the early aft
ernoon and succeeded in forcing tn,
prominent stocks lower. Union Pacif,
and Rock Island bore the brunt of tn,
selling for time and lost more than
point each. Canadian Pacific, -Delawar,
G. Hudson and Hooking Valley dropped
nearly as much. Brooklyn Transit sagget
to 50B, after ruling we'll above 81 thru
out the morning.
4 General selling had exhausted itsel
momentarily by the time PennsyfNani,
was lowered to 117as, but was resume,
with more urgency later. Most Of tn
st. Paul, the Pacifics and Brooklyn Tran
sit conspicuously weak. st. Paul an,
Union Pacific sold III below yesterday
closing.
There was a small rally on covering b,
room shorts. but prices yielded again t.
a lower level than before. Tha range o
declines in active stocks generally reache
l to IN. United States Rubber preferre
rose % and General Chemical jumped
on one sale. There was light covering
by shorts again In the final dealings, whic
made the close slightly irregular but rea
the lowest.
Stock quotations reported for The Journal b
! Watson 4 Co., brokers, Chamber Of Commerce
Minneapolis: sE4 49, .%'
Closing figures are biHNsDoI -