The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-26
]. S. STEEL DOES
ANOTHER STUNT
TAKES TURN IN BRIGHT SPOT ON
WALL STREET STAGE.
Six Thousand Shares Go Of at an Ad-
vance Over Last Night-Low-Cl Glass
Road Stocks Have Turn Selling
Later Depresses Prices.

New York. Oct. 26.-The feature of the irreg-
ular opening stock market today was the enor-
nous supporting orders In some Of the low class
road stocks and the heavy. dealings in United
States Steel stocks Six thousand shares OF
United States Steel preferred sold at Sl1a
and s1A. COMPARED with 81 y last night and the
common stock rose on the purchase OF 3.Ioo
shares. Ontario & Western, on the sale OF
1900 shares, sold at 46% and AZ, compared with
BIZ last night. and Erie and Chicago Great
Rock Island sold at 80 and 32sa, compared with
81A last night, and Erie and Chicago Great
Western rose In OH the sale Of 1850 shares
each. Colorado Fuel was up LIZ on the sale Of
1000 shares and Union Pacific was up v on the
sale Of 5000 shares. Peoples Gas g. gained
a small fraction.
Strong buying began in many quarters follow
ing the initial dealings and the market became
buoyant III spots. Union Pacific advanced to
within fraction of yesterdays top price, touch
ing l111a. All OF the opening strong features
extended their gains considerably, and by 1880
o'clock improvements had been established of
az in Colorado Fuel, 21s in Ontario & Western
in Minneapolis, ST. Paul & Sault Ste. Marie
preferred, IL in Erie and Union Pacific and
to "a in Atchison, North Western, St Paul,
Reading, Louisville & Nashville, Kansas & Texas
preferred, Delaware & Hudson, Amalgamated
Copper Tennessee Coal. Sugar, Consol1dat ted Gas,
Manhattan and Metropolitan Street Railway.
Erie first and. second preferred and Rock Island
preferred We're under early pressure in contrast
to the strength OF the common stocks, but they
later improved. Pressed Steel Car and General
Electric fell point, but quickly recovered.
After 1890 the market began to yield and Read
ing was forced below last night, Union Pacific,
Southern Pacific, Ontario & Western, Erie Ten
nessee Coal, Sugar and other active stocks reac-
ted point and United States Steel preferred fell
to S0K. q. sI,%s Nv 4. r.. T.
The selling. movement reached thru the list
pretty thoroly and wiped out the gains. Chesa-
peake & Ohio, Mexican Central, National of
Mexico preferred, Erie second preferred and
Nashville, Chattanooga & st. Louis were forced
to ~ under last night before the force of the
| selling exhausted itself. The market steadied
when Missouri Pacific lifted point over
last night, but broke again under renewed Offer
tngs on the advance, and went lower than before.
Southern Soy Pacific and Metropoitan Street Railway
Steel preferred w and St. Paul, PENNSYLVANIA,
Reading, Southern Railway, New York Central
Tennessee Coal point or more. # d.
Bonds We're irregular at noon. -
Covering by room shorts the rise in On
tario & Western to 47A rallied the market a
large fraction Fresh liquidation met the ad-
vance and the market fell back In some cases
to a lower level than before, notably in Union
Pacific, St. Paul and United States Steel pre-
ferred Union Pacific got as low as 1O9 Over
night losses Of 1 to 2 were scored by Norfolk &
Western, North Western, the Colorado Southern
stocks Erie second preferred, Brooklyn Transit,
Metropolitan Securities, Mania titan and num-
Der of minor stocks. The market rallied strong
~ before 1 o'clock. with recoveries from the
lowest running from. a point in Union Pacific,
Southern Pacific, st. Paul, Rock Island. Erie,
Reading, Louisville & Nashville and Manhattan.
Tennessee Coal rallied to point over last
night. The market quieted at the rally. -.
| The market showed hesitation for time and
backed and filed and then advanced with more
confidence on large buying orders. Rock Island
was lifted 2h over last night and some Of
the other leaders fraction, while losses from
last nights prices were pretty fully restored.
| The advance halted during the final hour but
there no renewal Of heavy hquidation.s Viz
ginia-C Carolina Chemical rose l. Chicago Termi-
nal 2, the preferred 21a and Great Northern pre-
| ferred 2, while Toledo, st. Louis & Western
the final dealings and the closing was easy and
rather dull. b. ..t '.hr' - j." -
Stock quotations reported for The Journal b,
| Watson & Co., brokers. Chamber of Commerce
Minneapolis. Closing figures are bid. '''