The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-21
ONTARIO BECOMES
FURIoUSIY ACTIVE
GIVEN BOOM BY REPORTS OF NEW
HAVEN CONTROL.
Fifteen Thousand Shares Go at Al and
4oHa- Reading, Pennsylvania 8 Erie
Also Change Hands Freely-Early
Market characterized by Great Ami
nation '@@' <Shtssrss> ~. p

New York, Oct. q Reports of the passing Of
the control Of the Ontario Western to the
New Haven made the former stock the feature
of the opening dealings today. First sales were
10, 900 shares at Al and 4OH, compared with 4o1s
last night, and this followed by a string OF
transactions in thousand-share blocks and up
wards. The other coalers were active and strong
In sympathy. Five, thousand shares OF Read1ng
sold at IT and 761a, compared with 75A last
night, and Erie and Pennsylvania rose n on
sales of $500 shares each. Atchison rose y and
Metropolitan Securities r. The United States
Steel stocks sagged fraction after opening
unchanged, and New York Central opened down
H These were the only important stocks to
show declines .,~e1 e:&-i
Ontario & Western continued furiously active
and rose points before reaction. Other points
of strength developed while profit taking side
by side made tnroads at some points. The Met
ropol1tan stocks were carried up about IL each
and Chicago Great Western and Peoples Gas
were prominent with advances OF Ia and las.
Some of the iron and steel socks were weak,
United States Steel preferred losing Is and
Pressed Steel Car IA. Amalgamated Copper lost
! point and St. Paul. Union Pacific and Southern
Pac1hcs were laggards the first getting "A
under last night. New York Central. Louisville
Nashville Kansas & Texas preferred and
United States Rubber preferred rose 1 to 2.
Reading, Ontario & Western and Metropolitan
Securities reacted point, but other stocks raj
lied United States Steel preferred rose above
81 and Colorado Fuel gained a point.
| The constant shifting of - demand from one
quarter to another Of the market was feature,
and there constant irregularity of price
movements in the very animated dealings. The
Pacihcs came into prominence with United States
Steel preferred. Union Pacific Atchison and Mis-
souri, Pacific rising point. The st. Louis South
western stocks Kansas City Southern, Pennsyl-
vania Baltimore & Ohio, North-W estern, Iowa
Central preferred, Pacific Mail, Tennessee Coal
Texas 27s, the preferred 21s, Allis-Chalmers pre-
ferred 81 and Amerissn Telephone 8. American
Express Pressed Steel Car, Car preferred and
Wheeling & Lake Erie second preferred lost
about a point Reading rose strongly again to
/ TIN. Bonds were irregular at noon.
The distribution of immense buying orders for
! Pennsylvania ranging from 1000 to 5000 shares
lifted it. across 1877, and strengthened: kindred
stocks. u Reading moved up fraction higher
and Central Railroad Of New Jersey and Della
ware Hudson gained points, Western stocks
which had Jagged thruout the morning were
taken in hand by the bulls, st. Paul and Rock
Island rising point each. In general the mar
ket ruled higher and was very animated. Metro
polftan Street Railway extended Its advance to
81 and there were number Of minor railroad
properties up between and points. Virginia.
Carolina Chemical rose 2A and the preferred
~. g.,
| There was some distribution in the volume
| of purchases during the early afternoon but
prices advanced, nevertheless. Unsuitable de-
mand seemed to prevail for Ontario & Western,
and blocks of thousands of shares were eagerly
snapped up rising values
| Before o'clock the stock touched AN. Large
buying of the other low-pr1ced coalers resulted
| from its buoyancy, Erie, especially, being well
narrower than in the earlier hours except fol
some of the specialtiesTA Metropolitan Street
Railway jumped to 13Oss,| and Peoples Gas stiff
fened 2k. With reaction of ~ in Ontario
| & Western, prices elsewhere were shaded frac.
ton, but Rock Island was pushed up ~.
| The market became very firm later, with ar
active movement to take profits, while Rock
Island Erie, the Wabashes, Louisville & Nash
vile, New York Central and some of the special
ties were still moving upward. New Haver
jumped 81 on one sale, Manhattan much
New York. Chicago & St. Louis 31a, Lake Erie
| & Western 24a, and Lacamative preferred ~
The reaction ran from l to IN in the Local
fractions, st. Paul, Union Pacific, Southern
Pacific, Atchison, Louisville & Nashville ant
Colorado Fuel Prices steadied, but there was
| renewal Of some heavy tproht-taking, Ontario s
Western getting below 49,. The closing was
very active ad about tseady. 81.
Stock quotations reported for The Journal b,
Watson & Co., brokers. Chamber of Commerce
Minneapolis Closing figures bid.