The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-28
LARGE DEALINGS
IN U. S. STEEL
WE'RE THE FEATURES OF To-
DAYS EARLY TRADING.
Profit Taking Followed Later-Amal-
gamated Copper Lifted-Entire
Market Afterward Became Heavy
Under General Realizing, but Sharp
Advances Were Features in Several
Stocks Before Noon.

New York, Sept: 2s-opening prices of stocks
today were Is to n higher than last night ~;
The largest dealings We're United States Steel
preferred, which rose Is, but the orders Were
well distributed turnout the list. Westinghouse
Electric rose point. Small declines were shown
by United States Steel, Cotton Oil and Atchi-
son preferred. @'A
Amalgamated Copper was rushed up to 80 to
offset profit taking in United States Steel pre-
ferred. Other stocks rose further, but the entlre
market became. heavy later when the realizing
became general. Opening gains were Well re-
drced entorely wiped out, and pennsylvania
Southern Pacific, Atchison and Erie SOLO peloW
yesterdays closing. Renewed liquidation IN Cot
ton Oil lowered it IN, but it rallied IN. Large
buying of Reading lifted it point but 1t eXer-
cised little effect on other coalers. Consolidated
Gas advanced w, and Realty and Construc-
ton 2.
Reading touched 6s1h and United States Steel
preferred recovered to IFS. There, We're also
sharp advances in a number of specialties but
the usually active list did not recover to the
top. Atlantic Coast Line rose Ia ana Chesa-
peake & Ohio, Southern Pacific preferred, PENN
sylyania, Pacific Mail, Buffalo, Rochester & Pitts
burg. the Metropolitan stocks. Car preferred,
Ice preferred, the Paper stocks, the Rubber
Goods stocks and the Beet Sugar stocks 1 to
rs. Prices yielded again before noon BONDS
were firm. "
The market became irregular after - o'clock
and was very active. An outburst OF strength
in Louisville s. Nashville and Ontario & Wes-
tern was utilized to conceal heavy proft-taking
at other points St. Paul, Pennsylvania, Atchi-
son. the Pacifcs and Erie touched their lowest
prices Louisville & Nashville and its affiliated
properties, Atlantic Coast Line and Nashville,
Chattanooga & st. Louis advanced 2@2h on an
active demand. Ontario and Western advanced
to 81 on the conditional dividend. United States
Steel preferred advanced to 71H, but did not
hold.
Room traders took profits in Ontario & Yves
tern, causing reaction of i u, and in Reading
to the extent Of point. There was a further
| relapse to the grain carriers. A subsequent rise
in Reading to 6s7sc did not help the market
much, which became quite dull. Ice preferred
rose 3A in all and Cast Iron Pipe common and
preferred l and 2M respectively. Westeing
house Electric lost its forenoon advance, anc
| there decline of in Toledo, st. Louis 8
Western preferred and IL in Delaware 8
Hudson.
! U. S. Steel preferred touched 521a in the fna
| hour and Tennessee Coal rose a point. Atlantic
Coast Line gains reached 3s4, Nashville, Cha t
| tanooga & st. Louis 3, Louisville Nashville
I Ok mad Southern Railway and Illinois Contra
about a point. Pacific Coast first preferred
jumped six. On the other hand, Atchison wa
carried down M, Iowa Central much, the pre-
telred 2, Erie second preferred LIZ and LonI
Island 2A The average price level improved
but the closing somewhat irregular.
Stock quotations reported for The Journal b
| Watson d Co., brokers, Chamber of Commerce
Minneapolis. Closing figures are bid.