The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-03
PRICES OF STOCKS
ARE IRREGULAR
SMALL LOSSES AMONG PRoMIN-
EMIT STOCKS AT OPENING.
Industrials Show Activity and Strength
During the First, Hours Trading
Blocks of Generous Size Change
Hands Among Some Of the "Big
Ones.''

New York, Nov. "a sprinkl1ng OF smail
the opening market irregular, but there was
great strength and activity among several special
stocks. The dividend OF TX per cent came out
of United States Steel preferred, but on running
sales Of 5000 shares it recovered Y on that
amount. Six thousand shares of Rock Island
sold at 34ss and 34A, compared with "a V last
night, and 4,60O shares OF Amalgamated Cop
per sold at 1871 and 1874, compared with 1875
last night. The price subsequently ran of to
7S. There were dealings In blocks of 5000 to
5000 shares in United States Steel at an ad-
vance OF rs, and the demand for Smelling was
very active at an advance OF y
Activity and strength conferred In the indus
trials and metal stocks during the first hour.
Railroads pursued contrary course but the re-
cesston in the Pacifcs and grangers was slight
Rock Island lost Its advance. The Pennsylvania
group exhibited frmness, Baltimore & Ohio and
Norfolk & Western rising a point, but the Fries
and New York Central were heavy. Amalga-
mated Copper suffered from a spasm Of realiz-
ing and lost point. On the other hand, United
States Steel preferred Tennessee Coal, Colorado
Fuel, Pressed Steel and Sugar rose to points
United States Steel was lifted point before
the reaction became general. The gains In spe-
cialties were reduced from a large fraction to
point, the latter in Sugar, Colorado Fuel and
Tennessee Coal. s. Pennsylvania reacted l., and
overnight losses of were established in Union
Pacific, Atchison, Reading, Delaware & Hudson
Erie second preferred and Paper preferred.
United States Reduction preferred dropped 1l1a
on one sale, compared with the preceding sale In
June Of last year. International Power lost
81. There were gains of I in Linseed, Leather
preferred and Texas Pacific, 3 in Corn Products
preferred and in Snuff. Prices improved be-
fore noon. Bonds were firm at noon.
Brooklyn Transit and Republic Steel preferred
were the latest additions to the upward move
ment in the specialties, and the advance of a
point was supplemented by renewed advances In
| Tennessee Coal to 81. Railroad stocks, mean
| WHILE pursued their dragging course Of the
morning, and Union Pacific, Missouri, Pacific,
Rock Island, Erie and Louisville & Nashville
worked lower, the two last named yielding q
| point. r. ~ -. = ~
| Earlier losses in special stocks were quite gen
orally made up, particularly in St. Paul, Penn
sylvania, Union Pacific and Amalgamated Copper
| St. Paul rose " last night. The buying Of
| the western stocks and Amalgamated Copper wat
| insistent for a time, but their Improvement
caused only slightly higher level for the gen
| eral market Sloss-Sheffeld stock gave "a. Stee
Foundry preferred ~, and some of the othe
metal stocks increased their gain. Pittsburg
Cleveland, Chicago & St. Louis jumped 8, ant
| Chicago & Alton preferred 4.
Pennsylvania touched 1873 and the Gould
| Texas: & Pacific rose TX, st. Louis Southwestern
preferred 1, and other members Of the grou
| large fraction. Lake Erie 4 Western game
3, and Pipe preferred and Car preferred III.
\ On the reaction, Colorado Fuel receded 1, Ten
nessee Coal n, and 5Sloss-Sheffeld Steel
while Lead and Chicago Terminal preferred los
a point z Some of the steel stocks rallied t
the best and A1nalgamated; Copper and Erie ra
Eof to the lowest. The closing was irregular an
rather? dull. s}f'.' V 81
Stock quotations reported for The Journal b
Watson & Co, brokers, Chamber Of Commerce
Minneapolis. Closing figures are bid.