The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-28
STEELS FEATURE
Or THE MARKET
$4,000 SHARES OF COMMON Go AT
80 AND OVER.
Industrials and Specialties Prominent
in the Opening Dealings and Make
Sharp Gains-Trading During First
Hour Much Confused with No Uni
form Tendency.

New York, Nov. 2S.-The industrials and spe-
cialties Were prominent in the opening dealings
In the stock market today and made some sharp
gains. Amalgamated Copper was the only ex-
cept1on In that department with a decline OF a.
The railroad list was slightly irregular on ac-
count of the hesitation in the movement of Pa
cities and western railroads. Atchison, Union
Pacific and Kansas 81 Texas were down ~ and
Southern Pacific *. Il
7 The United States Steel stocks were the fea-
ture of the market. Opening sales of tue COM
mon were Of Il, 900 shares at 80 and S0A, COM
pared with 29A on Saturday, and 11,0OO shares
of the preferred soldsat 941a and 95, compared
with 81 rs on Saturday. Pressed Steel Car rose
LIS and Republic Steel preferred L..
Trading during the first hour was much con-
fused and the market without any uniform ten
dency. Most Of the favorite stocks We're under
pressure at one time Of another while the move
ment Of other stocks was strongly upward The
Sari9rs staa stoeks outside of United States
Steel preferred rose 2s,and American Car, Loco
motive Smelling, Colorado Fuel, Railway Steel
Spring preferred and Pressed Steel Car preferred
/ to- 1 ~. Westinghouse Electric jumped 8.
Sugar rose a point and then fell more than a
point under Saturday. In the railroad list, Mis-
souri, Pacific, Illinois Central Erie second pre-
ferred and Rock Island preferred sold up l to
LIS and Great Northern preferred 8. On the
other hand, Atchison, Union Pacific, Southern
Pacific and Louisville & Nashville were driven
down point United States Steel preferred was
liquidated heavily and dropped to 94b, and
Amalgamated Copper lost "a point.
A rise Of point in pennsylvania helped the
general market only moderately. New York
Central rose point, Brooklyn Transit and Met
ropolitan Street Rai1waysi1K, North Western and
Illinois Central % and aChicago Great Western
preferred A IN. Ann .Arbor fell and Wheel
ing & Lake Erie second preferred 1. Prices were
not maintained at noon.4 Bonds were Irregular.
Prominent railroad stocks exhibited temporary
strength, resulting frontan active demand Tor
the southern group. Louisville & Nashville
moved up H. Atlantic Coast Line 3, and South
ern Railway sold at So. st. Paul made squirt
to IT'S, and United States Steel preferred
brought 95H, the highest of the morning.
The whole market sold off again, but was
steadier at 1 o'clock. Colorado Fuel and Illf-
nois Central were taken In large amounts and
touched 54s and 1855 respectively: 1nterna-
tional Paper gained ?, the preferred IN, and
American Telephone 1.r.s; lax
Material advances and excited trading In Sc
lected stocks were without great effect on the
general market, durnga the afternoon, which ruled
quiet and firm. louisville & Nashville extended
its advance to 3?points, Colorado Fuel and North
Western a, and Illinois Central to g.. United
States Steel rose to 30B, mt the preferred met
selling around Saturdays dosing. =. Minor rail
roads and sDecialties moved contraryWise, st.
Louis Southwestern, preferHed, Norfolk & Wes-
tern, Canada Southern, Toledo Railway; Metro
politan Securities and Woplen preferred rising
to IL, Pipe preferred III and Chicago Great
Western preferred So, whilesAmerican Express,
Lake Erie & Western and Norfolk & Western pre-
ferred lost 2 to 2A. ,,,...... ..,... ,.-.