The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-25
LONDON ADV A 4
PUTSsPRICES UP
STRENGTH ABROAD CAUSES AC
TIvITY IN STOCK MARKET.
U. s. Steel Is the Early Morning Fea-
tnre, Large Quantities Of Preferred
and Common Going at High Prices
Room Traders Offerings Soon Cause
Reaction.

: New York, Nov. 25-The local stock market
opened active ana higher TO-DAY in response 10
the advance III Alnerlcaus In LONDON anu the DIS.
triDutlon OF large, buying orders here. Inc
United States Steel stocks We're the FEATURE 9,oou
shares or the common changing nanus at Irom
ISIS TO zsh, ana 5000 shares OF the preferred
at from u TO VI "a, compared with tnelr respec-
tive cIoslngs Wednesday OF 27A ana ~.
Other gains In important stocks were limited to
mouerale fractions, with Amaigamated copper,
Atchlson, Canaolan Pacific, fennsyIyanla and
heaulny figuring prominently Illinois Central
moved UP l7s ana General Electric z. Union
PACING, however, showed some heayiness and 1eli
OF vs..
koom traders fed the market literally with
stocks and soon caused q Substatlon reaction.
United States Steel common losr lIs ADVANCE anu
the preferred all out n, while Amalgamateu cop
per ana sugar solo points below Wednesdays
final. Large tnroads were mace on the prices
of other specialties, Metropolitan Street kali
way, Westinghouse Electric, North American
Ltnseed and american Express losing I to a,
and Pacific Mail 3A.- Standard railroad stocks
became heavy III sympathy and were also al
fected by the persistent pressure against Union
Pacific, which sold down a point to ll4A. AZ
the low point most, OF the representative STOCKS
were ruling under Wednesdays closing, but We're
improving somewhat at IL o'clock, when Sugar
and Amagsmared Copper rallied over a point
each. Exceptions ito the decline We're Rome,
Watertown y Ogdensburg, (which gained 4, ana
Hide & Leather preferred, Chicago Union Irac-
ton preferred, Detroit United Railway, Biscuit
Pressed Steel Car and Virginia Carolina Chemlcal
/ to IN. ~ s@Et .~.-s.
Buying was resumed with confidence in spots
resulting in Union Pacific, ;Amalgamated copper
Sugar and Pacific Mail scoring full recoveries
and carrying the United States Steel stocks to
2SM and 92A, respectively. The response else
where was less spirited, but the market averaged
pretty well UP to "Wednesday night, or ABOVE
Rock Island met pressure and fell off to 54A'
but recovered its loss by noon. Westinghouse
first preferred and Canadian Pacific advanced /.
Tennessee Coal "a, Chicago Great WYstern
preferred B ", Great, Northern preferred =.
and Illinois Central. IN. New Yora Chicago
& St. Louis lost I. and New York Air Brake
2N.< Bonds were Irregular at noon. united
States Steel second SIS advanced 2A to 94A.
Fractional recessions occurred after midday, In,
duced by the realizing in United States steel
preferred but when that stock was pushed up
anew to 92H the market hardened. The activity
and buoyancy of the United States steel securl-
ties stimulated purchases of the other iron anu
steel stocks and the Car Equipment stocks.
Railroads, while moderately active occupied
a secondary position in the market Among the
gains were that" of 4 to IN for the American
| Car stocks Pressed Steel Car stocks, Locomotive
stocks Colorado Fuel Pipe preferred, Ontario &
Northern preferred extended its rise to points
and international Paper and the Federal Mining
| stocks yielded to *11a!. -,
Prices moved downwards for spell during the
afternoon, following fresh attack against Union
Pacific and Amalgamated Copper. Sy Reactions,
however, in the market leaders were not severe
and were in measure counterbalanced by the
increased strength dlsplayd by numerous minor
specialties and railfoadst Erie second preferred
and Chicago Great Western and the debentures
rose j. the preferred 5Ans points and a. the + pre-
8 sG points. Before q fo,elSck the market was on
the advance again, ;ainder athe lead Of Reading
which sold up to o78A en- e%E' r.
Stock quotations reported for The Journal b,
/ Minneapolis. Closing figures are bid. J