The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-06
STOCKS OPENED
VERY IRREGULAR
EASTERN ROADS GAMERS ON THE
RAILROAD LIST.
I,ackawanna Made a Jump of es4 on
the Sale CT 100 Shares ndustrials
and specialties Mixed Selling Or
ders Caused an Early Decline.

New York Dec. 6.-The opening tone Of the
stock market today was very irregular In the
railroad list the gains were found generally
among the coafers and eastern railroads and the
declines among the western railroads. Erie first
preferred and Ontario & Western rose u ana
Lackawanna jumped 9A on tile sale OF hundred
shares. lndustr1als and specia1ties showed mixed
changes and very cratic movements. Leather
advanced a, while the preferred opened down
points, with a rally Of 2. United States Steel
opened off " and then reacted, while the pre-
ferred opened unchanged, rose and then ran of
nearly a point. Rubber Goods gained IN, Gen.
eral Electric n and Cotton Oil preferred ~.
AmAlgamated Copper opened of half ana then
sold down an extreme II Oh running sales.
Selling orders were distributed thruout tle
list, but the resultant declines We're small outslae
figured An active demand for the Erie com
bined with rally of point in Amalgamated
Copper, strengthened the market later, and the
Erie moved up to Al and the first preferred
rose 1B.e Prices were easing of again at IL
o'clock, led by Peoples Gas, which yielded :,
point. Pittsburg, Cincinnati, Chicago 4 St;
Louis preferred gained ~, Brunswick IA and
Hide 4 Leather preferred Ia. New York Air
Brake lost 4 and North American point.
The market developed dull and dropping tone
and profit taking had an effect on Rock Island
Baltimore & Ohio and the Leather stocks: Some
of the western railroad stocks fell below the
level Of the first hour but the movement was
Peoria 6 Eastern, Hooking Valley, Allis-Chaim-
ers and Locomotive lost 1 to IN and Hooking
Valley preferred, New York, Chicago & st.
Louis, Erie second preferred, Toledo Railway
and international: Power gained i to IN. The
dizziness was attributed to desire to await
the presidents message. The market was firm
at noon. Bonds were steady at noon.~
general buying for both accounts was re-
sumed after the publication Of the presidents
message, and the market stifened sharply. The
grangers and Paeifcs, which had beeu under
pressure during the forenoon, advanced beyond
last night and the buoyant specialties increased
their gains largely: Louisville & Nashville led
the railroad list in point of animation and
strength. Good purchases brought it up to 147A
and there was sympathetic movement Of 11 in
Atlantic Coast Line. Baltimore s. Ohio and
United States Steel preferred were in good de-
mand. International Power sold up IN, Mailing
preferred, Leather & Hide and Leather pre-.
ferred 2, Cotton Oil 1s and Virginia Carolina
Chemical /. Prices were below the best at
| o'clock. - 81. .r.~-.*
! Business in the late session centered largely In
4 the industrials and specialties. The tendency OF
some Of these stocks was aggressively upward
but their rise did not help the general market
much. Realizing in Reading and st. Paul car
ried the last down again at 2 O'Clock, some
stocks receding to- the lowest.
Stock quotations reported for The Journal b!
Watson & Co., brokers' Chamber of Commerce
Minneapolis. Closing figures are bid. -