The Minneapolis journal., 1904-08-25
BUYING ORDERS
APPEAR Il EARLY
PRICES ADVANCE AS "A RESULT
GOULD STOCKS LIFTED.
High Priced Stocks OF South and
Southwest in Unusual Demand in
Early Dealings, the Gould Groups
Lead Being Responsible for Good
Speculative Sentiment.

New York, Aug. 25.-Buying orders for
stocks were rather plentiful at the OPEN
ing Of business today and prices advanced
decidedly in number of cases. The
Gould stocks. as on yesterday, showed the
most concerted strength. ST. Louis South
western preferred advanced rs, Kansas
& Texas preferred i and the common
and Missouri Pacific ". Some Of the
other leaders were in the neighborhood Of
a half higher, and there were some large
buying orders executed in Pennsylvania
and Amalgamated.
High priced stocks, especially those Of
the railroads traversing the southern and
southwestern crop regions. were in un-
usual demand in the early dealings. The
In the speculation, sustained demand for
these stocks infusing a better speculative
sentiment thruout the market. St. Louis
Southwestern preferred extended it's rise
to 3 points and Missouri Pacific, Illinois
Central, Reading and many other low
priced stocks advanced l to IN.
Advance Causes Profit aking.
The, rapidity of the advance of low
priced stocks induced profit taking by
room traders, and the market became
quiet and easier. Amalgamated Copper
and st. Louis Southwestern preferred fell
back nearly a point, but the recessions
otherwise were slight. Near midday the
general advance was renewed on the en-
couraging cotton crop prospects and ag-
gressive buying of Reading and few
specialties. Reading sold up to 581a, and
there were gains Of 2 to 21z in ST.. Louis
& San Francisco second preferred, Wis
consin Central preferred and Realty &
Construction.
| Bonds were firm at noon.
Signs Of Confidence.
| - Nav s,e%<<, <,lyc
brought forward into the advance, and the
entire speculation showed greater de.
gree of confidence than has existed fol
some time. When representative leaders
such as ST. Paul, Pennsylvania and New
! York Central, were lifted over a point
traders covered short lines in other stocks
and the market responded sharply. The
Pennsylvania group became quite promi.
nent after IL clock, the Gould stocks fol
the moment falling into the background
Toledo, st. Louis & Western preferred ad.
vanced 3h and Wisconsin Central pre-.
ferred g. while American Express dropped
and st. Joseph & Grand Island frs
preferred Az
| Union Pacific Marked Up.
/ The rise, in prices Stculminated tenn
porartly. when Union Pacific was marked
up to 1003s. Southern Pacific did no
benefit materially by its strength, ant
the general market. was inclined to sci
off. Business fell off to small proportions
but prices were pretty we'll sustained nea
the highest level of the day. Pittsburg
Cincinnati, Chicago & st. Louis jumped
points, the preferred 3,.and Westinghous
Electric first preferred s.
After frequent irregular fluctuations, du
to the extensive realizing that went O
In. special stocks, the market gathere
new strength and worked upwards to tn
top level. Union Pacific, Reading, 81
Paul, PENNSYLVANIA and Baltimore & Obi
contributed to the dealings and these raj
lies served to strengthen the general mar
ket. .f'tA general block of 1000 shares q
Pennsylvania changed hands at 125. I
the final dealings there was renewed prof
taking in the local stocks and some q
the Pacifics, causing an irregular close.
| Watson & Co., brokers' Chamber OF Commerce
Minneapolis. Closing figures are bid.