The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-05
MARKET ACTIVE;
CHANGES MIXED
sT.EPAUL CLIMBS TO 1895 IN THE
EARLY TRADING.
Gains Predominated at Opening
Trunk Lines Showed Declines-Penn-
sylvania Led Several Others in an
Advance, but Market Was Variable
and Changes Were Mixed.

New York, Oct. 5.-The opening of the stock
market today was broad and active, and the
changes were mixed, with gains predomlnating:
st. Paul opened 1 point higher on the sale OF
1900 shares, and there were sold 2,2OO shares
of Amalgamated Copper and United States Steel
preferred The last named stock opened up a
and then ran off to "a under last night, and the
common stock was u fraction lower Illinois
Central rose 2. The declines amongst the
trunk lines, Southwestern and the local public
service stocks. Consolidated Gas lost u point e
Speculative sentiment much confused by
the contrarywise movements OF leading stocks.
ST. Paul, Union Pacific and United States Steel
preferred were sold, while Pennsylvania, New
York Central and Southern Pacific advanced
strongly. st: Paul touched 1914 and after
fuctuating widely dropped to 1854.
Union Pacific gave1w point from its open
Ing figure, and United States Steel preferred went
down to a. Pennsylvania meanwhile was being
rushed up to 1912 and was followed by some
other eastern stocks New. York Central rose
III and Delaware & Hudson anu Reading IA.
Southern Pacific held firmly near 5sh. Buffalo,
Rochester q Plttsburg declined Pa, and st.
Louis Southwestern preferred, Car and Cotton
Oil 1.
The, reaction carried number of important
stocks under last night Norfolk & Western and
Paul was then taken in hand again and rushed
up to 1898. Union Pacific recovered to a small
Traction over last night but the sympathetic
vance of 1as in Amalgamated Copper also pro-
duced little effect and ST. Paul reacted point.
at1onal Power jumped 6h Westinghouse
ELECTRIC 2 ana canada Southern, Iowa Central,
National OF Mexico preferred, Norfolk & Wes-
tern preferred, General Electric and Pump
point. Central of New Jersey fell ~.
Bonds were firm at noon
Congested buying conferred for time in the
Fries and they responded with point gains. st.
Paul resumed its advance. and various other ia
vorite stocks were lifted higher. Unusually
large selling began in St. Paul after 1t had
reached l69 again, and it broke rapidly to 1861
Liquidation OF the Pacifcs was resumed on
large scale and Pennsylvania and its controlled
properties were sold heavily. Union Pacific,
Missouri Pacific and Chesapeake & Ohio were
driven point under yesterdays closing and
Pennsylvania, Reading and some others reacted
as much from the highest of the day. St. Paul
rallied vigorously to above 1853 later, and Atch-
son, which had, been decidedly heavy earlier
| rose point. The general market did not re-
spond and the trading was rather quiet by
| O'Clock.
The market was feverish and unsettled. St..
Paul reacted to 1861 and United States Steel
preferred to IA and number of steel and other
1ndustrlals lost to q. These included Car
preferred, Pressed Steel Car preferred Republic
steel PREFERRED Smelling preferred, Lead and
Rubber Goods. Northwestern fell l and Rock
| Island preferred IL. St. Paul then rebounded
| to 16s and Atchison advanced a point. United
States Steel preferred recovered to y above last
night and Tennessee Coal GAINED /.
The market was quieter, but very irregular.
st. Paul dipped again to below 1877 and then
rallied. The general market was inclined to
yield, but New York Central was marked I'D
again to 1905. The irregular tone persisted up
to the closing.
Stock quotations reported for The journal by
Watson & Co., brokers' Chamber of Commerce.
Minneapolis. Closing figures are bid.