The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-11
STOCK DEALS ON
A LARGE. SCALE.
MARKET OPENED ABOVE YEsTER-
DAYS CLOSE, BUT REACTED.
Industrials, Especially Iron and Steel,
Showed the Principal Changes Pa
ciflc Mail Took a Big Leap Prices
sagged After the Opening Deals, but
Hardened Again Later.

New York. Nov. 11.-0pening prices in the
stock market today We're higher than last night
andSdeallngs were OH a large scale. The lnuus-
trials showed the principal changes, especially
the iron and steel stocks Sloss- Shef field Steel
advanced 2B In few minutes and there were
running sales Of 2,1OO shares Of Tennessee Coal
at 20 and "a, compared with "a last night The
United States Steel stocks were lower and tie
public Steel preferred, Union Pacific and Rock
Island also sagged. A thousand shares of Mex1-
can Central sold ut an extreme advance OF
point. There were large dealings In Southern
Railway at a gain of * over last night. Pa
c1hc Mail was excited on the announced otfer
above the market and 5000 shares sold all the
way from 81 to 90, compared with 46 last night
The price subsequently relapsed to 81.
Outside of a. few specialties which move indie
pendently, prices declined after the opening.
The United States Steel stocks, Union Pacific.
Southern Pacific and Rock Island were sold heav-
general list Of active stocks. Tennessee Coal
sold LIS below yesterdays final price and Sloss-
Sheffield Steel, after selling at 65ss, reacted 1s
Among the sains We're American Tobacco pre-
ferred 4, the Virginia Carolina Chemical stocks
3@3A, Cotton OIL and Central of New Jersey
23s and Continental Tobacco preferred, American
Tobacco new preferred certificates, Realty, Colo
RADIO Fuel and North Western 1 to Us. The
buoyancy of the specialties caused the railroad
list to harden at IL O'clock. Reading rising to
almost II. tf5s'....
and prices reached higher level. The bulge
in Missouri Pacific to 1881 strengthened all the
| HOuiu piopeitlcS anu tnere was d moEe SeISid1
inquiry for TIL railroad list. Amalgamated Cop
per end st. Pa;l heavily bought at an
advance Of point and many usually low-priced
railroads and specialties rose much. Realty
extended its rise to 5A, Cast Iron Pipe pre-
ferred AZ. New York Chicago & St. Louis 4,
| and North Western, Delaware & Hurson and
Erie second preferred to 23a. = /
The buying movement shifted into new quar-
tiers from time to time, and the strength OF
the new leaders proved sufficient to hold the
old favorites firmly. st. Paul was rushed up
well above ia, and the, Pacifcs and southern
stocks were tafen largely. Louisville & Nash
vile rose 2R Illinois Central, SIS; Iowa Cen
trail preferred, rs; Pump. 21a; New York. Chi
cago st. Louis first preferred, 2, and the Gee
end preferred, B.; Atchison, Southern Pacific,
Canadian Pacific, Atlantic Coast Line, Iowa Cen
tral, Smelling, Linsesd,,, Butterick Publishing,
Biscuit and Peoria 4 Eastern rose ! to w. ]
The rise to Y Of Reading caused some response
in the coalers, Central Of New York rising Z,
Delaware & Hudson 20 and Erie second preferred
/, but Reading and Erie ran off again on realiz-
ing Missouri Pacific and Chesapeake & Ohio
got up point and there were gains of "a to
for Illinois Central, New York, Chicago & st.
Louis, Linseed. the Metropolitan stocks. Pipe
preferred and the Chicago Union Traction stocks.
Steel Foundries preferred gained 21a and Colo
| RADIO Fuel 3A. Virginia Carolina Chemical rose
and reacted ~. Prices were lower at noou.
Bonds were active and firm at mono: -
Stock quotations reporter for; The Journal by
Watson.s& Co.., brokers, Chamber of Commerce,
Minneapolis Closing figures are bid. MS . I