The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-01-21
STOCKS ADVANCE
ON WALL STREET
MARKET SHOWS DECIDED
BREADTH AND ACTIVITY.
Realizing Sales and New Buying Orr
ders AlternatePrice Hold Well
All Usually Inconspicuous
Stocks Show Special Strength
Trunk Line Issues Lifted by Heavy

New York, Jan. 21-The tone of the
opening stock market to-day was firm at
fractional advances except for Amalga-
mated Copper and United States Steel
preferred and a few minor stocks which
were. heavy.
1000 shares of Southern Pacific carried it
up IS. Realty preferred advanced IL,
Illinois Central a point and Sugar a large
fraction.
Realizing sales and new buying orders
alternated in the popular stocks but altho
the pressure of offerings was quite heavy
prices held well all around
There was special strength in a num-
Der OF usually inconspicuous stocks, and
the market showed decided breadth and
activity Realty preferred was taken on
an enormous scale and rose az to Sc be-
fore the profit taking sales became effec-
tive
Other gains included point in Cleve-
land, Cincinnati, Chicago & ST Louis and
Colorado Southern second preferred, ~ in
Canadian Southern and DesMoines & Fort
Dodge, Us in. Republic Steel preferred,
70 in Rock Island preferred and Sugar, 9
in Long Island and 81 in New York, Chi
over point from the lowest
Heavy buying Of the standard railroad
stocks lifted number of the trunk lines,
Changers and Pacificsf d large fraction and
ST. Paul Us. Southern Pacific was held
back by diligent realizing as was United
States Steel preferred and checked the ad-
vance, but it was resumed before noon
There were to ~ point gains in Anal
gamatd, Manhattan, Brooklyn Transit,
Union Pacific, Canadian Pacific, Norfolk &
Western, North Western. Chicago & Alton
preferred, Southern Railway preferred,
Sless-Sheffield preferred, Smelling pre-
TERED and few others. Realty pre-
o,,I q D IL
Steel preferred gained 31s and Snuff 211z.s
Bonds We're firm at noon. sss
The demand for stockssof the first rank
drove in some. obstinate shorts and specu-
latlon took on strong tone. Bull oper-
ators averred that the-5very diversified
buying reflected substantial revival in
public interest. Louisville 3& Nashville,
Pennsylvania, Southern Railway, the
SouthWesterns, Tennessee Coal, United
States Steel preferredi and a number of
less We'll known stocks were conspicuous
in the midday rise which ran between 1
and points in many cases. Southern
Railway preferred jumped a quarter and
New York, Chicago & st. Louis second
preferred 3. Des Moines, and Fort Dodge
preferred sold ITO, compared with 100, the
previous sale Oct. Z. Omaha dropped 8.
Higher prices attended the furious buy
ing movement which continued until near
ly o'clock and the majority of important
stocks outside of Rock Island Southern
Pacific, Erie and Reading showed gains at
one time or another of point or more
The Pennsylvania group and the grangers
made a better showing than the average
Pennsylvania and Norfolk & Western rose
points and st. Paul touched 146A. Ca
madam Pacific also moved up 2, Sugar 21a,
Westinghouse Electric "a, General Elec-
trio p, and Rock Island preferred 4. The
entire market fell off later and dealings
became quiet.
Stock quotations reported for The journal by
Minneapolis: - 4 = 4 %SLE . 20 p 'a.@
Closing figures are bid.