The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-31
BREAK IN LOCAL
RAPID TRANSIT
TWIN CITY STOCK SUFFERED A
DECLINE OF THREE POINTS.
It Was During the Early Trading in
the Course of Profit-Taking Following
Rise on Accumulated Buying
Orders,

New York, Oct. 81.-FractiOnal gains, running
up to "a, were general in the stock market to-
day on the opening transactions. The heaviest
dealings were in Amalgamated Copper, of which
5000. shares sold at II and Tx compared with
TON on Saturday, and there were sales of 5000
shares of Union Pacific at an extreme advance
Of 70. New Jersey Central rose III, Tennessee
Coal n, Sugar ~ and Pennsylvania Is. On
tario & Western ran off a point and the local
fractions United States Steel preferred, South
fraction. -
The weight Of the usual proht-taking to take
advantage Of the buying orders received over
Sunday proved unusually heavy, and was aggra-
waited by the heavy additional engagements Of
gold for export. Prices were carried sharply
below last week, Delaware s, Hudson losing 21A
Louisville & Nashville, ~, Ontario Western
Us, Union Pacific 'las, Southern Pacific and
Manhattan Manhattan / II. and Erie, Southern
Railway, Chesapeake & Ohio, St. Paul. the Met
ropolitan stocks, Smelling, Sugar, Colorado Fuel
and Chicago Terminal preferred point. There
had been gains established before the break in
Twin City Rapid Transit Of 8 and Reading Sec
and preferred IN; Minneapolis, ST. Paul & Sault
Ste Marie ", and Rubber Goods, Cotton Oil
and Kansas City Southern preferred a point.
The market was quieter and irregular at IL
o'clock. @5%f
The market rallied with spirit but did not
hold. st. Paul, Union Pacific and Sugar made
full recoveries. Amalgamated Copper rose to
over Saturday. Consolidated Gas gained IN,
and Chicago Union Traction and Kansas City
s4otas stss, Of the United
than before. United States Steel preferred fell
IL, Erie ~, Chicago Terminal preferred 2A
and Missouri Pacific, Kansas 6 Texas, Reading,
Erie first and second, preferred, New York Cen
tee, ana
Bonds were irregular at noon.
LONDON CLOSING STOCKS, Oct. s1.--cen
soils for money, So; consols for account, 49,
fsrssS iS.S; Ba1timors Z dig: Ok cenadial
Great western 255s Cheaso, Milwaukee sef St
! Paul, 177A; DE Beers 1875; Denver & Rls
Grande; a2h; Denver & Rio Grande preferred
SECOND preferred 55; Illinois Central, 14s; Louis
| vile & Nashville, 1884,; Missouri, Kansas &
Nv Xsrk e
o.; Ontario Western, 43A Pennsylvania. 7OA
Rand Mines, 1o%; Reading. 8s%; Reading frs
AZ Kea sa
ferred, 81; Southern Pacific, 631a; Union Pacific
see 1nsd afss steel err
"a; Wabash, %; Wabash preferred 40; Spanish
fours $685.
Bar silver firm, % 15.1ed per ounce. s,
! Money, 2@2A per cent.
The rate Of discount in the open market TO
short bills is 2N per cent.
The rate Of discount in the open market TO
| three months bills is 27A @3 per cent
After an interval of steadiness, during which
Baltimore & Ohio advanced point, selling wal
| resumed with more vigor in Atchison, St. Paul
| ROCK Island, Erie the Southvesterns Pa
cities All Of these sold lower than in tn,
earlier hours and showed losses of 1@1H, will
Union Pacific. Southern Pacific and Erie tn
heaviest losers. Baltimore & Ohio dropped
back later to Saturdays closing and Colorado
Fuel 2 points.
| Business fell off considerably, but there wa
no check to the decline. Every important stool
ruled point or more below Saturdays closing
and the loss ran to points in Union Pacific
| Missouri Pacific Louisville s. Nashville Erie an,
the second preferred, Southern Railway, suga
and Colorado Fuel in Delaware & Hudson 81
in Westinghouse Electrit and eA in Lackawanna
i Pennsylvania and Amalgamated were the impor
tant stocks to come late into the range o
1-po1nt declines. Ig0T& ll&E.2 b.. 70 e,',s. ,
On sharp rally the Pacifcs and Sugar recov
cred point but the improved prices were use
to the lowest Of the dahy5: I2sses from saturda
reached 2h to 2k in St. Paul. Union Pacific
Missouri Pacific, Louisville & Nashville, Erie
Reading, North Western, National of Mexico pre-
ferred Consolidated Gas, Mania ttan Metropoli
tan Street Railway, Peoples Gas, United State
Steel preferred, Amalgamated and Colorado Fue
and 2 points in Rock Island, Southern Pacific
lyn Transit, Rubber Goods and General Elee
. trio. The closing active and weak.
Stock quotations reported for The Journal b
:. Watson & Co., brokers' Chamber of Commerce
Minnea polls. Closing figures are bid.