The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-18
STOCKS TRADED
IN BIG BLOCKS
UNITED STATES STEEL PRE-.
FERRED AN EARLY DEMAND.
Reading Changes Hands at an Advance
Business Falls OFF After an Hour,
but Activity Is Soon Renewed Con-
solidated Gas Unusually Active.

New York. Oct. 1s.-The opening in the
stock market today was very active and de-
cidedly irregular. The declines were found
amongst the Pacihcs, grangers, southwesterns.
steel industrials There were 1000 shares Of
United States Steel preferred sold at the open
ing at s2h and s2ss. compared with s2B last
night, and 1000 shares of the common at % and
22h, compared with % last night. Six thou'
sand shares Of Reading changed hands at an
advance of "a. There were blocks of 1000 to
1,20O shares In a number Of the other leaders,
Union Pacific and Kansas & Texas sold at a
decline of ", and Norfolk & Western rose r..
Changes otherwise were less than "a, and very
much mixed.
Business fell of while the movement was
irregular, but Increased to yesterdays average
again when the rise was resumed. Reading,
Erie, Missouri Pacific and United States Steel
preferred were foremost In the rally that oc-
CURED before II o'clock, and the general mar
ket promptly responded to the heavy buying Of
these leaders. United States Steel preferred
brought S3B, and improvements of to IN were
recorded In Reading and the second preferred,
Erie, Delaware Hudson Central of New Jer-
sey, Missouri Pacific, Kansas s. Texas preferred,
Northwestern, Norfolk & Western Chicago Great
Western the Iowa Central stocks, Colorado Fuel,
Colorado & Southern, Metropolitan Street Rail
way, General Electric and North American. Con-
solidated Gas was unusually active and rose
points, and Brooklyn Union Gas rose IN Amer
lean Express lost and Rock Island preferred
declined point, but the latter made up nearly
all Of the loss. Opening losses were rather
more than recovered in all cases, but prices were
below the best again at II o'clock.
The reaction carried United States Steel pre-
ferred rs and st. Paul 1s under last night, and
ran to moderate fraction generally Missouri
Pacific was then pushed up to 105M, and later
Brooklyn Transit was lifted TX, Wabash pre-.
ferred rs, the Iowa Central stocks to to 2ss
Minneapolis & st. Louis IL and Westinghouse
Electric 1. The response. in the general list was
Indifferent, and stocks which had not made
notable advance hack to love IF
first hour. Cotton Oil, Corn Products and Pape,
preferred lost to 1M. Cleveland, Lorraine &
Wheeling preferred jumped p points, and Lake
Erie & Western preferred on single sales. st
Paul was rushed up to Ill at noon with Sigh
| effect on the general list. Realizing in som.
of the speculative bonds made that department
| irregular.
After st. Paul reached 171A, Union Pacif,
was bid up to near 10S, but the market was yer,
moderately affected. Sugar rose IN on few
transac lions, and there was further rise IL
the Iowa Central stocks, the common gainin,
4 points. Internal ional Power dropped 6h.
! Aggressive buying of the standard stocks wa
suspended and prices yielded fractionally whe,
| st. Paul reacted point and Missouri Pacific n
Confident buying Of various specialties contrib
uted to a better tone later, and at 2 ocloc
| gained TX and Brooklyn 2. e."
| St. Paul and Union Pacific hardened an
Southern Pacific was lifted point, and mum
Der OF specialties made fresh advances; LAX
Gito WesteiH preferred ~; Brooklyn Unlo
Gas on, Westinghouse Electric 8, General Elec
trio 2A, Leather 2%, and Colorado Souther
first preferred, Erie second preferred, Baltimor
& Ohio and, the Lnseed stocks 1902 q,
| The Chicago Terminal stocks, Toledo, 81
Louis d Western preferredaand Pressed Steel fe
1. Proft-taking resumed in force an
carried United States Steel preferred back to tn
lowest. The closing was moderately active an
rather easy. - ~ - - - .01''o =
Stock quotations reported for The Journal b
Watson & Co., brokers, Chamber Of Commerce
Minneapolis: - h. IS: -
Closing figures are bid. y D.. '--.-