The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-21
ACTIVITY MARKS
WEEK OPENING
ROCK ISLAND a LEADER IN FIRST
ADVANCE.
Realizing Sales Failed to Cause Gus
tomary Decline and the Market Gath
cred More Strength Heavy Accu-
mutations Of st. Paul and Union
Pacific Among the Early Features.

New York, Nov. 21.-stocks opened active and
higher today with but few exceptions. Rock
cago Terminal preferred, Hide s Leather pre-
ferred and Woolen appoint and Locomotive Car,
Tennessee Coal, Amalgamated Copper and Kan
sas & Texas preferred large fraction. six
thousand shares Of Union Pacific sold at 115%
and 116 compared with 1857 on Saturday, and
sales followed at 1854. The opening sales of
United States Steel preferred were 1000 shares
at SIN and 8S, compared with SO on Saturday.
Detroit Southern preferred fell point.
Hardly any impression on prices was caused BY
the realizing sales of the traders after the
opening, and the market gathered more strength
and breadth as the different leaders were taken
hold Of and pushed up successfully to higher lev
els. The accumulation of St. Paul and Union
Pacific, however, aroused only moderate In
demand, developing in the lower grade specialties
and high.priced industrials. Among the note
worthy advances We're that Of points In Nash
vile, Chattanooga & st. Louis, in Rock Island
preferred, Wooden preferred and Realty, and I
in Union Pacific St%Paul, louisville & Nashville,
Brooklyn Transit and Sugar. Great Northern
preferred ind Detroit Southern ran OF IN.
, great variety Of other stocks showed gains of 9
The demand slackened and prices receded. st.
Paul, Louisville & Nashville and Sugar lost
leaders sold fraction lower than Saturday
Meantime Hide & Leather preferred rose IN,
Bag preferred and Car /, Leather and Great
Northern preferred recovered rs .Lackawanna fell
D. q
Securities suit would be delayed seemed to affect
the market. The trading became very dull
Bonds were firm at noon.
A healthier undertone developed In the early
afternoon and there was general resumption OF
the morning advance. Eleven operators bid up
the principal grain carriers and when they com
hold of United States Steel. pereferred and Anal
gamated Copper as sustaining factors Large
blocks of UIited States Steel preferred and
Amalgamated Copper were, taken at advances OF
4 1Hxr %1,o~n yvyoS
buying of United States Steel second 5s one
block of $4,000 changing hands at 90 Other
metal stocks stiffened decidedly, Smelling rising
1 and Pipe preferred nearly points: American
District Telegraph rose" az and Detroit South
ern preferred recovered all of Its opening decline
and about 3 points additional. .-.9.-- .-... 80
The trading became qu1eter but thes tone con-
tinued firm There were gains Of L ~ In Great
Northern preferred, IN in Reading IN Chicago
Great Western preferred A, in Pittsburg, Gin
cinnati, Chicago & St. Louis preferred, In
Pressed Steel Car. New York, Chicago & st.
Louis second preferred lost 21s Electric Stor.
age Battery sold at 50, compared with IS for
the preceding sale in June, 1903 ...
There was brief uncertainty in the movement
but prices again. Union Pacific, United
States Steel preferred and some others touching
rose 81, Westinghouse Electric 21a and North.
Western 1. There some renewal Of selling
to take profits. Missouri Pacific ran off a point
from the best. The closing was Irregular.
LONDON CLOSING STOCKS, Nov. e1.-Con
soils for money, ssA; consols for account, SO 5-16
ss As?n s
dian Pacific, 1917; Chesapeake & Ohio, b1M
Chicago Great Western, 2e1A !, Chicago, Milwau
e. Rio Or Grande, 81: Denver & Rio Grande pre-
ferred, ss; Erie, 4os5 Erie first preferred; 74M
Kansas & Texas. SO: New York Central, 1904
ferred. "a; Ontario ] Western, 4SA; Pennsylva
MIA 7o Rand Mines La; Reading ssM ;,d Read
II; Southern Railway, ses4 !; Southern aRailwaJ
preferred 49, Southern Pacific SsA Tnig }9n, Pa
States Steel 2sA;s United States Steel preferred
9ok; Wabash, MN; Wabash preferred 4s
at So s 5Sas Is f Money
The rate Of discount ID the open market fo
! short bills Is 3@3k per cent. The rate of dis
count in the open market for three months bill
| 3@3k per cent. I-.5S z%#&.t. -. n