The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-06
RISE IN STOCKS
FOLLOWS HOLIDAY
READINGS RISE THE MOST SPEC.
TABULAR OF THE DAY.
Bidding Up Of Reading Caused General
Rise After Opening, but Prices Re-
duced Later, Tho Reading Held Gain.

New York. Sept. 6.-The stock market today
started active and generally higher after the
three days holiday. The exceptions among the
prominent stocks We're United States Steel pre-,
ferred, Pennsylvania, Erie St. Paul and the
Metropolitan fractions, which were slightly low
er. Southern Pacific rose IS on the transfer
or 1O0O-share block and there were large deal
tngs in Reading, Southern Railway and Rock
Island at fractional advances
vigorous bidding up Of Reading and a few
other stocks which have recently displayed con-
spicuous strength caused general rise in prices
after the opening, but the advances were re-
d d later when pressure developed against
tan stocks. Reading, Illinois Central Wabash
Canadian Pacific, st. Louis & Southwestern pre-
ferred and Railway Steel Spring showed gains
a. one ts or a@as With Keaalng IN the lead
z, and metropolitan and West Side Elevated
preferred 81. Among the declines registered
taner was one In National Railroad of Mexico
preferred l-9 in Metropolitan Securities and
rs In Metropolitan Street Railway.
Reading rose IN a spectacular way to 3h ovss
last week and held well. There was some re-
eovery In Erie IN sympathy, and Delaware s.
Hudson rose II, but the general market in
c.ined to hang back. United States Steel pre-
ferred lost full point and Kansas City South
ern preferred and Pump preferred about the
same. Westinghouse Electric reacted too, and
st. Louis & Southwestern preferred and General
Electric point. Chesapeake & Ohio and Union
racine moved up later * and the whole list
hardened. Bag preferred gained 8. Bonds were
firm at noon. =. > rs'"-. 10 -".
Erie became the most active feature after IL
| o clock Blocks Of 1000 to 5000 shares were
bought, lifting all classes OF the stock point
The general list was uncertan. Reading re.
! acted point and some of the grangers and Pa.
cihcs were easier, while there were sharp ad'
vauces elsewhere. Louisville & Nashville, Con.
solidated Gas, Pacific Nail and Virginia Carolina
Chemical advanced X. and Ontario & Western
IN. Republic Steel preferred yielded IN and
Nashville Chattanooga and St. Louis points.
Buying for long account resumed with
| more confidence after the execution of large
| supporting orders in United States Steel pre-
ferred. which carried it to 6S. Pennsylvania
| rose large fraction and New York Central
point. Southern Pacific assumed prominent
| place, with a rise of over a point, and Rock
Island gained about the same. In general the
| market rallied to about the best prices of thf
day, New Jersey Central moved up ~ ant
Pump and Peoples Gas t. Third Avenue
dropped 3 and Chicago Great, Western preferred
1ss.
The movement in Union Pacific was ex
| tended to IN and in Southern Pacific rs. Tit
| market generally was brought into the move
ment. The closing was active and firm, bu
| below the best for some stocks
| Stock quotations reported for The Journal b!
| Watson & Co., brokers, Chamber of Commerce
| MnneonOlis. Closing figures are bid