The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-17
STOCKS AFFECTED
BY WORLD POLITICS
DECLINE CAUSED BY CONDITION
OF INTERNATIONAL AFFAIRS.
Some Of the Big ones'' Opened Down
After the First transactions There
Was an Advance, Prices Ruling
Above Yesterdays Close Except for
Isolated Declines.

New York, Nov. 1.-THE stock market opened
weak today at prices below the London equlva-
lent, where the markets were. unsettled by the
renewed uneasiness over international politics.
Louisville & Nashville fell Us, Southern racine
IN, ST. Paul and Amalgamated Copper point
and Atchison, Mexican Central, Chesapeake q
Ohio, Union Racifc and United States Steel
large fraction. Hide & Leather preferred
jumped 2 points.
Transactions after the opening were on an
ascending price scale, and before the, expiration
of the first hour prices were ruling quite gener-
ally on parity with yesterdays closing or
above. Several Of the specialttes sold substan-
TALLY above Metropolitan Street Railway rising
~ and Consolidated Gas Is. United States
Steel preferred, Amalgamated Copper, Sugar,
Metropolitan Securities, Brooklyn Transit, Union
Pacific and Reading were among the important
stocks that rallied to fraction over last night.
Isolated declines reached a point in Cotton Oil,
International Paper, Corn Products Disttllers Sc
curities National Biscuit, Railway Steel
Spring, Minneapolis St. Paul & Sault Ste Marie,
Kansas & Texas preferred Atlantic Coast Line,
Wheeling & Lake Erie first preferred, and Du-
luth, South Shore & Atlantic, and In New York
Air Brake. Federal Mining and Texas & Pacific
| Land Trust improved 1, United States Rubber n
and Butterick Publishing 31a. %#
western stocks eased off a fraction after noon,
but the advance in the active specialties was
uninterrupted. Amalgamuted Copper forged up
| ward to so. and Sugar rose 2 points. Various
other specialties extended their forenoon rise ma
! terially, Detroit Southern preferred and Nash
vile, Chattanooga & St. Louis going up 4 Bis
!
York Air Brake IN, Chicago & Alton g. and
Manhattan 1M. Canadian Pacific into
active demand and touched 134A.
Selling was discontinued at the lower price
level, and the market turned active and strong
Norfolk 4 Western and Amalgamated led tn,
movement, the former rising 1as and the latter
! lH. There We're advances of a point in Unior
! Pacific and Sugar, " in Chicago & Alton, "
in United States Rubber preferred, Chicago Unior
Traction preferred and Kansas City Southern
preferred, 2 in United States Rubber and Fedora
Great Northern preferred and 9 in Wells Fargo
! Federal Mining preferred fell ~ Wheeling s
| Lake Erie second preferred ~ and Canad'
southern 1. The market reacted at noon. {
Bonds We're slightly irregular at noon.
/ The early afternoon trading witnessed bu
little change in the price level of representative
stocks Interest was well diversified in tn,
! speciqlties and additions to the DAYS gains wer
noted from time to time Amalgamated Coppe
was Followed on its advance above 80 by Smelt
Ing, both stocks bringing sos. Chesapeake 4
ohio' hovering around 80 for some time, fnall!
crossed to sos. Smelling preferred moved III
l. Minneapolis & st. Louis and Tennessee Goa
~, Mailing preferred 2k, and Chicago Uniol
Traction preferred g.. 5 -<+,.
The rise in Amalgamated Copper reached 81
and then was outmatched by a 5A jump il
Sugar The tide of the buying then spread an
carried the list bodily to a higher level. In tn
iron and steel stocks, Tennessee Coal rose 3ss
S!oss- sheffield Steel, 21s, Railway Steel Sprin
N. Colorado Fuel and United States Stee
preferred, Pipe and Republic Steel preferred
point pom IT., Union Pacific surged 2% points owe
last night, leading the. railroads. Canadian Pa
CHIC rose 2 and Southern Pacific, st. Paul, Mis-
souri, Pacific and Minneapolis, st. Paul & Saul
STE Marie a point more. Federal Mimi
gained g. Chicago Union Terminal preferred
and North American, the Chicago Terminal stock
and virginia Carolina Chemical 1B@ Their
was some quick proft-taking and Sugar dippe
a9s, tennessee Coal and Amalgamated Cope
a point. - -
STOCK quotations reported for The Journal b
watson y Co., brokers. Chamber of Commerce
MINNEAPOLIS. Closing figures are bid =, Z