The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-22
STOCKS IRREGULAR;
CHANCES SMALL
U. $. STEEL SHOWED GAINS AT
BEGINNING.
Room Traders Offset Buying and Ad-
vances Made by st. Paul, Atchison
and Steel Were Largely Reduced
Copper and Gas, Sold Persistently,
Help to Garry Other Stocks Down.

New York Noy. 22.-The stock market opened
irregular today and the changes We're
generally small either way. Five thousand
shares OF United States Steel preferred sold at
S9ss and SSE, compared with S9N last nlght,
and 5000 shares of the common sold at p and
27B, compared with % last night. Reading WAS
in active demand at an advance Of ", and Gen
eral Electric rose liz. .-.'a&
Operations for the long account were conduct
ed with more confidence for time,l following
the decided exhibition Of strength by st. Paul
Atchison, Reading United States Steel preferred
and the Electric stocks. Room traders how
ever, utilized the improved range of prices to put
out stocks, and the rise of point In ST. Paul
and Atcbison and of nearly that in several others
was largely reduced Amalgamated Copper, Con-
solidated Gas and Ontario & Western were sold
persiste ntly, and their declines of point fur
thered the reaction elsewhere. General Electric
jumped as, Westinghouse Electric 3 and the
first preferred 2. st. Louis & San Francisco hrst
preferred yielded v. IN re-: + y.
There were some new advances but profit tax
ing was the rule. Louisville s. Nashville. rose
point Brooklyn Transit and Manhattan " and
Colorado Fuel X, Biscuit preferred, Wooden pre-
ferred and new Tobacco preferred :certihcates
rose to III. Prices generally receded to belo"
cifc Baltimore & Ohio, Standard Rope and
New York Air Brake and 2 in Linseed pre-
ferred. Bonds were firm at mono. H =
Little interest was manifested in the specua:
ton outside of the steady accumulation Of United
States Steel preferred and the second mortgage
IS, which brought 9OM sSand 91ss respectively
Standard stocks held efairly steady, but there
was a steady shading in the prices Of many re-
Gently buoyant low priced specialties. Chicago
Union Traction declined !, the preferred 2 and
New York, Chicago g. st. Louis 1 w.. Union Bag
was taken freely and advanced a point and
Central and Southern American Telegraph
jumped ID points on one transaction. !.tt
Call money loaned at per cent during the
afternoon, the highest rate of the season. and
stocks were sold heavily all around the room
The slnggishness Of the earlier market and the
jump in money encouraged heavy sales for bott
accounts, and the entire market was driven vel
below yesterdays closing. ~ The. range of tbs
declines in the active market leaders was OF y
Ontario & Western fell IN, Sugar 29s ant
United States Steel preferred lost all Of it,
rise. -, .:,.,lM .,-..t - -
The, fall in stocks was checked for short
time, but rallies invited increased pressure. Al
gains were wiped out and the range of losses
was Increased to S2A for Amalgamated Copper
and 2 for Baltimore & Ohio and Union Pacific
Great Northern preferred and United States Elk
press lost 4, Chicago Union TRACTION preferred
and Pacific Mail ~ General Electric reacted
81 to point under last night. Prices touched
the lowest Of the day all around. Small rallies
were the effect of covering by room shorts, bu
the closing was generally weak and not far from
| the lowest. . !
Stock quotations reported for The Journal b,
Watson 4 Co., brokers. Chamber OF Commerce
Minneapolis Closing figures are bid 10y =