The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-02
PRICES REBOUND
AFTER WAR SCARE
INTERNATIONAL STOCKS PROM
INENT IN THE RECOVERY.
Selling Orders Follow Opening Advance
and Cancel Initial Gains-U. s. Steel
Preferred Is Bid Up and Proves a
Prop to the General List.

New York. Nov. Prices Of stocks today re-
bounded with the passing of fears for a re-
newal of the Anglo Russian crisis, and the inter-
national stocks were prominent in the recovery
with the exception of q sprinkling of the Paclhcs
and grangers, which were slightly lower Anal.
gamated Copper the feature the sale of
10000 shares at 72A and 72% compared with
71A last night. There were heavy dealings III
Union Pacific at an advance of ss Westinghouse
Electric, North American, Minneapolis, st. Paul
& Sault Ste. Marie rose y, Sugar Us, and
Reading and Chicago Great Western about
point.
Selling orders perdominated after the opening
and the initial gains were generally Cancelled:
Amalgamated Copper reacted to below IT, and
Sugar sold a fraction under yesterdays closing
Most of the grain carriers became heavy, but the
coalers showed some resistance In sympathy
with 2A-point rise in Delaware s. Hudson
Near IL o'clock United States Steel preferred
was bid up to S2A. and the market rallied
Sugar and Amalgamated Copper recovering fully,
the latter rising to about 70. Rock Island pre-
ferred. Wheeling & Lake Erie second preferred,
Brooklyn Transit, the Metropolitan stocks, Man
haitian, Smelling, Colorado Fuel sloss-Sheffeld
Steel and Virginia Carolina Chemical advanced 1
to 2 Lackawanna dropped ia.
Advances reached Ito ~ in Canadian Pacific.
Erie first and second preferred, Colorado South
ern, the second preferred, General Electric and
Ice preferred 1A in Central of New Jersey and
in Pacific Mail and Distillers' securities. Erie
was bought on very large scale and continued
| Its advance to 1B after the rest Of the market
reactIl. Amalgamated Copper. after touching
1875, the local fractions and Rock Island pre-
ferred fell back a point. Stocks were irregular
| at noon. 5..
| Bonds were irregular.
The strength shifted to new quarters led by
Rock Island and Union Pacific which gained over
a point each. The belated strength CT these
stocks stimuli ted an inquiry for various other
| favorites which recovered to the highest Evans
| vile & Terre Haute improved 2ss, the preferred
and Baltimore & Ohio, Louisville & Nashville
Pressed Steel Car preferred and Twin City Rapid
Transit 1. st. Paul preferred fell 3s and st.
Joseph & Grand Island second preferred 2h
Prices were lower again before 2 o'clock.
Prominent stocks became reactionary and dull
on the engagement Of $4,000, 600 gold for export
| Various specialties, however, continued to forge
upwards, the rise amounting to about 2 points il
Smelling and the Leather stocks in Pacific
Coast and 8 in the second preferred.
| The further rise to 3 points of Amalgamatet
Copper held the rest of the market. United
States Steel got up a point, the preferred "A
Lead 2A, the preferred az, Pipe preferred 2aa
and Chicago Terminal preferred 8. The railroad
list was little affected, altho New York Central
| Pennsylvania and Norfolk !! western made the
gains reach l. Northern. Central jumped 8
Minneapolis, st. Paul & Sault Ste Marie gained
AS, the preferred 3h, and Cleveland, Lorain
| Wheeling 2. The closing was active and irreg
| ular.
Stock quotations reported for The Journal b.
! Watson & Co., brokers, Chamber of Commerce
Minneapolis. Closing figures are bid.