The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-29
LARGE DEALINGS
IN THE RAILROADS
THE OPENING WAS CHARACTER.
lied BY UNUSUAL ACTIVITY.
Sharp Declines Followed and Opening
Advances We're Lost-Twin City
Rapid Transit One Of the Gamers in
Subsequent Rally-Bonds Were
/ Irregular. ...a, H. -.

New York, Sept. 29-The stock market today
opened active and strong with the gains general
ly running from an eighth to half. number
of prominent stocks showed wide openings on
sales Of 1880 to 5000 shares. United States
Steel preferred showed sales of 5000 shares at
Is and 1871 compared with TN last ~ night:
There We're 5000 shares of Ontario Western
at $685. and 3eA, compared with 35% LIST
night; 1000 shares of Baltimore & Ohio at
90 and 90A compared with s0A last night, and
1900 shares of Southern Railway at 1875 and
33A, compared with $685. last night. Atchison
and Illinois Central were the only stocks which
showed slight declines. Consolidated Gas rose
point. -
The market ran off sharply in sympathy with
declines of point in United States Steel pre-
ferred and Northern Securities the curb.
Practically all the opening advances We're lost s
Nashville and Reading sold slightly below
yesterdays closing. A rapid rise in Reading
from es& to 6a% stinened the market ETA at II
O'Clock. Delaware & Hudson rose point ond
the Twin, City Rapid Transit and Realty u
Construction gained IA. Manhattan Beach fell
41a.
ST. Paul was pushed up point, but realizing in
United States Steel preferred and Ontario & Wes-
tern carried these stocks nearly, point under
last night and determined the course Of the mar
ket. There were gains of to 3 III the Steel
Foundries stocks, Bag preferred, Pump pre-.
ferred and Biscuit. rally in Reading stead1ed
prices after the average level had dipped below
last night.
Bonds were irregular at noon.
Buying orders reappeared in force in Reading,
bringing it up to Co.'s, the highest stocks We're
largely responsive and held close to the noon
prices Brisk bidding for Chesapeake & Ohio
carried it up point and Canadian Pacific gained
nearly as much. Lackawanna touched 300 The
price jumped from 200 to 800 the transfer of
hundred shares, making the gain IA New
York Central was heavy and fell of ~, as
did Pacific Mall Delaware & Hudson advanced
2B.
The grangers, Pacifcs and other favor
lite stocks declined from u to q per cent below
yesterdays final prices and Louisville & Nash
ville Atlantic Coast Line, Rock Island, Sugar
and Tennessee Coal yielded point Reading
weakened after time and lost about all of 1ts
rise, but by 2 o'clock it had returned to neal
| 70 and pulling up the entire market. Cen
trail of New Jersey and Buffalo, Rochester
Pittsburg rose 2.
The market went down again to the low level
Atchison losing B Cleveland, Cincinnati, Chicago
& ST. Louis 1 y and Michigan Central 51s. The
rise in Baltimore & Ohio and Chesapeake & Ohio
, wiped out. Lackawanna reacted ant
Delaware & Hundson 2. rise Of TX In st
! Louis Southwestern preferred began rally. Th'
rally vas not well held and the closing Val
i irregular.
| Stock quotations. reported for The Journal b.
! Watson & Co., brokers, Chamber of Commerce
Minneapolis: d..
| Closing figures are bid.