The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-17
BUYING ORDERS.
CAUSE ANIMATION.
OPENING MARKET MARKED BY
TRADING IN BIG BLOCKS.
transactions Of from One to Ten Thou
sand Shares Frequent Market Yields
After Buying Orders Are Worked Off,
and Prices Fall Below Saturdays
Close, but stiffen Later.

New York, Act. 17.-Opening trading In stocks
today was very animated, and buying orders
active stocks. the opening transactions were In
1000 to 1O,OOO-share blocks, the latter 1or
United States Steel preferred, which sold "
higher than Saturday. Five thousand shares OF
with 21A on Saturday Louisville & Nashville
opened III higher and extended it's gain 70.
St. Paul, Union Pacific and Baltimore Ohio
were A@% lower than Saturday. These were
the only important exceptions to the advances,
which did not extend generally beyond u. Con-
sol1dated Gas rose III.
After the over-Sunday accumulation Of buying
orders had been worked of, the market began
to yield under the heavy realizing. This sell
Ing was In immense volume and distributed
pretty evenly among the usual favorites. Open
ing advances We're cancelled and the market
driven fraction below Saturdays closing.
Louisville & Nashville lost its entire gain, and
Brooklyn Transit and Peoples Gas fell point
under last week. Heavy buying commenced
again shortly before II o'clock and prices stiff
fened all around. Louisville Nashville re-
turned to 1877 and United States Steel preferred
sold at s2A and Reading at 73h. Chicago
Great Western preferred advanced 81a Lake
Erie & Western ~, Wooden IN, Northwestern
| and Smelling preferred 2. and the Wabashes,
| Wisconsin Central, Realty and Construction,
| Corn Products preferred, Pressed Steel Car, Ice
and Distillers' securities 1@1h. sst- =.
| United States Steel preferred and Reading
were bought aggressively and were the mainstay
of the market United States Steel touched
22N, the preferred S2A and Reading 1871. A
| later advance Of 2H in Missouri Pacific was OF
sympathetic benefit to the general market.
| Northwestern, Buffalo, Rochester Pittsburg,
Distullers' securities, Realty and Colorado South
ern rose 2@3, Canadian Pacific ~ and Texas
Pacific, National Of Mexico preferred, Colorado
Southern and preferred Wheeling and Lake
Erie second preferred and Cotton Oil 1@1A
| The Pacihcs and grangers we're under the innu
! ence Of prolt-takig. The same true Of
some of last weeks strong specialties. United
| States Rubber lost 2ss, Rubber Goods preferred
IN, Locomotive ~ and Hooking Valley 1.
| rise of point in Amalgamated Copper at moor
did not prevent fractional reaction elsewhere
Bonds were firm at noon.
! Speculation was uneven during the afternoon
special stocks being bid up to Offset profit taking
| in others. The Pacifcs, some of the southwes
terms and few specialties dragged considerabl,
whenever efforts were made to start the entire
/ market upward. About q o'clock large buying
orders were sent in for Pennsylvania and Erie
States Steel stocks also brought higher prices
the common rising to 22A and the preferred t.
1 1894. - snl.,....
| heavy drive against Union Pacific forced i
to 1o7 and caused general selling thruout tn
room. The forenoon advances were largely Gu
into, especially In the western group Northwes
tern reacting "a and st. Paul 1. Manhattan
dropped to liz under last week. Renewed buy
ing on large scale Of United States Steel pre-
ferred carried it to SO and caused some recover.
in other leaders. Brooklyn Transit moved rap
idly to e71h and Reading to 1874 Amalgamate
Copper extended its rise to TX. Long Islam
rose IN and Nashville, Chattanooga and st
Louis g. -.." 4"
Stock quotations reported for The Journal b
Watson & Co., brokers, Chamber of Commerce
Minneapolis. Closing figures are bid