The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-10-03
GREAT NORTHERN
TAKES A JUMP
PREFERRED MAKES A QUICK
GAIN OF FIVE POINTS.
Market in the Early Hours Is Irregular
st. Paul Touches 15914-Chicago
Great Western Also Makes Gains
Stocks Generally Irregular, Including
the Leaders.

New York. Oct. 3.-Followng higher range
for Americans in London, there was an lrregu-
lar opening in the stock market here today, with
very heavy dealings in some of the leaders. a
sale OF $500 shares Of United States Steel pre-
ferred was at 74B and 74Ac, compared with "a 4s
on Saturday. The price subsequently ran on to
TAN. Forty-fve hundred shares of Union Pa
cifc sold at 1881 and 1925, compared with
1O3H last week st. Paul sold ex-dividend of
31s per cent and recovered point of that on the
purchase Of 1000 shares Erie was lifted "A
by the taking of 5000 shares. sale of 2, 500
shares Of United States Steel carried 1t down Is.
The Improvement in prices ceased after st.
Paul touched 1894, and there We're irregular
reactions which carried some of the standard
stocks well below Saturdays close. Union Pa
cihc. the pennsylvania group, except chesapeake
Ohio, Atchison and The United States Steel
ruled close to the best Consolidated Gas declined
Metropolitan Securities ~, and Lead advances
Toledo, st. Louis & Western, Chicago Great
Western preferred B and United States Rubber
gained l to. 1 Il.
The reaction became pronounced and carried
Pennsylvania Reading and Union Pacific, Atchi
| son, Southern Railway, Atlantic Coast Line
Peoples Gas and few others, point or more
| below last week. st. Paul lost its rise ant
! United States Steel preferred dipped below "a
On the subsequent rally, Erie led with rist
, of / over Saturday. Nashville, Chattanooga s
ST. Louis rose 2A, and Colorado Fuel, Lead pre-
ferred and Virg Carolina Chemical preferred
to 1A. Bonds We're irregular at
Speculation ran more to the specialtes in thu
afternoon, large dealings occurring in Sugar
Brooklyn Transit and United States Steel pre-
ferred, all of which advanced point. TIL
cotton carriers maintained their best prices an,
the grangers and Pacifcs were also a littl
! higher. "t
Buffalo, Rochester C Pittsburg rose five points
Amalgamated Copper rose we'll above SO.
Orders of large amounts of various southwes
tern stocks were executed after IL O'Clock OF
account Of favorable government reports on tn
condition of cotton Their rapid advance pulle
up the general market substantially. Metropoli
| tan Securities and Consolidated Gas recovere
their losses and the declines in the active stock
were nearly made up. Missouri Pacific ,Kansa
| & Texas preferred, Texas & Pacific; New Yor
| Central, Norfolk & Western and Cotton Oil sol
from 1 to 11a per cent higher.
| The market was inclined to work lower Or
tarto & Western losing point, but the advanc
In United States Steel preferred was vigorousl
resumed to 76A on reiterated rumors of re
| newal Of the stock conversion. St. Paul Mo-
folk & Western and Republic Steel preferred e,
tended their gains to about points, and Buffalo
Rochester & P1ttsburg 10. Some of the railroa
stocks fell back again slightly, but the closin
was firm and very active. =
Stock quotations reported for The Journal b
Watson & Co., brokers, Chamber Of Commerc
Minneapolis:
Closing figures are bid