The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-04-05
SOUTHWEST RAINS
AID WALL STREET
UNION PACIFIC HANGS BACK
FROM ADVANCE.
Opening Dull and Hesitating- Changes
Small and Mixed-still Under Pres
sure While Southern Pacific Is Ac-
cumulated-G General Market Slug
gish-Tractions Rise Sharply -The
Days Doings.

New York, April 5.-The opening stock
market to-day was dull and the tone was
hesitating. There were running sales of
$500 shares of Union Pacific at SSH and
S8h, compared with 80 last night, and
this stock subsequently sold at 88A. Peo-,
pies Gas ran off liz. There was a rise
of y in Tennessee Coal Otherwise the
changes were small and mixed.
Buying orders for some fresh stocks
creeted a better market sentiment and
prices We're lifted quite substantially in
a number of cases.
Union Pacific rose a point above its
low figures at the start, and Pennsylvania,
Southern Pacific, ST. Paul Rock Island,
Wabash preferred, Consolidated Gas, Ten
nessee Coal and Realty preferred as much
over yesterdays closing
American Express jumped 4, Chicago
Great Western preferred A and Allis-
Chalmers preferred 3. The market re-
acted slightly following pressure against
United States Steel preferred, but stead
led on large accumulation of Southern
Pacific. The undertone Of the market
was feverish
Reports OF rain in the southwest started
movement in Atchison which carried II
up 15s. Missouri Pacific and the Balti-
more & Ohio stocks rose 1 to IL and
United States Steel preferred got above
oS. Union Pacific hung back and the gen
eral market was sluggish. Westinghouse
Electric gained 2a and Tennessee Goa
l9s, while Republic Steel preferred and
North American lost point.
Bonds were firm at noon.
Trading interest was attracted to the
local fractions by the simultaneous exc.
| cution Of buying orders in these stocks
The room element began bidding ur
prices of the group and METROPOLITAN
| Street Railway responded with a rise o.
2as, Brooklyn Transit IN and Manhattan
and Metropolitan Securities 1. Railroad
stocks meanwhile. tho partly neglected
held well. Atchison preferred, Kansas &
Texas preferred, Amalgamated and Colo
RADIO Fuel rose from to 1A. Lackawan
ma lost 2.
| Amalgamated was pushed up to 5oY
and Anaconda gained 2h. United State
Steel preferred, which was under rathe
continuous pressure earlier, suddenl,
| moved up 1k over yesterdays close ant
Sugar, st. Louis Southwestern preferre,
and Norfolk & Western gained about
point. = ..
| Colorado Fuel increased it's rise to
points and Realty preferred touched 54A
a gain of SIS. Realizing went on in tn
railroads and fractions under cover of tl1t
strength.
Union Pacific and Metropolitan Stree
Railway falling back point and som
others large fractions Snuff improved
points on one transaction.
A reaction carried Atchison and Mis-
souri, Pacific back point. The marke
became steady again. but was notabl
quleter. Lackawanna recovered to II
over the previous closing and Republi
Steel preferred to 24s. Snuff preferre
gained AZ, Nashville. Chattanooga & ST
Louis g., Iowa Central preferred, Hide 1
Leather preferred and Pump preferre
2, and Chicago Terminal preferred l. L
the final dealings United States Steel pre-
regular. - = - tr,~sH +. ~
Little business was done in the merge
stocks on the curb. About 1000 shares &
Northern Securities were traded in durin
the momrning session. The top price wa
9SA, but the prevailing figure was 9sk t
9Sas. Nothing was done in the other mer
ger stocks, except the occasional sale {
an odd lot.
Stock quotations reported for The Journal b
Watson 4 Co., brokers', Chamber Of Commerce,
Minneapolis:
Closing figures are bid.