The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-15
OBSCURE STOCKS
ON DECK AGAIN
SENSATIONAL ADVANCES BY SEW
ERAL ON THE LIST.
Realizing on Standard Railroad Stocks
Another Feature of the Market
Rallies Lift Few of the Railroads
Later-Losses Precede Noon Hour.
ard Railroad Stocks

New York, Nov. 15.--Industrials and special
ties held conspicuous place in the opening
dealings In stocks today, but Louisville y Nash,
vile rose strongly " Atlantic Coast ~, and
there was very active demand for Southern
Pacific at an advance of a American Hide u
Leather preferred rose 2, Manhattan Ia, Lin
seed ~ National Biscuit / u and Colorado Fuel
Us. There We're 5000 shares of Corn PRODUCTS
which changed hands at % and 251a, compared
with 24a last night. United States Steel rose
4 on running sales Of 1000 shares, and Amalga-
shares.
With the course Of the morning, the market
took on the same aspects as yesterday, namely
sensa tional advances in usually obscure stocks
and realizing in the standard railroad stocks.
Later on. there wehe heavy purchases OF st.
Paul and Union Pacific at rallies OF a point,
which lifted them 1@1% over yesterday, and the
usual favorites came into general demand. The
realizing carried number Of railroads below last
night, after Southern Pacific had advanced d full
point. large number of minor railroads and
lndustrials made gains of 1@2. Sugar rose %
ana the local tractions8'were strong. Hide q
Leather preferred jumped Is and New York Air
Brake AZ. Pacific Mail lost 8, and Mexican
Central, Duluth, South Shore Atlantic pre-
| The market became more irregular, and under
| cover of the rise ir st. Paul and Union Pacific,
which extended fraction further, some Of the
| industr1als were pressed for sale to take profits
preferred lost its rise and the coalers sagged
| below last night. Duluth, South Shore & At.
| lantic preferred lost 2. North Western u ant
North American, Pittsburg, Cleveland, Chicago &
st: Louis and Wheeling and Lake Erie fell 8
point more below last night. New York Al,
Brake rose ~, Rock Island preferred and Quick
| silver Mining IN, Detroit Southern preferred and
Keokuk & Des Mones 2, and Southern Pacific
| preferred, st. Joseph & Grand Island first and
second preferred, Hooking Valley preferred Lake
| Erie & Western preferred, Grass Irvine, Corr
Products preferred, Republic Steel preferred ant
! Standard Rope to ~.
| Bonds were firm at noon
The buying of the standard stocks was largely
| concentrated for time in Rock Island, the re
ported sale of $25, 900. 900 of the Rock island
| bonds helping that stock. 1t sold at 37as ant
| Union Pacific at lis, but did not materially
strengthen other western stocks. ST. Paul an(
| Louisville & Nashville rose to the best. Various
spec1alties were pushed energetically to new
high levels. New York Air Brake. responde,
with a jump of 91a, Detroit Southern preferred
4, Manhattan H. Southern Pacific preferred an,
Steel Foundr1es preferred 2. and long list O
others point or more. Amalgamated Copper
after being neglected during the forenoon, wa
| taken In hand and pushed up to 1874
The persistent heaviness of the coalers and evi
dence of steady realizing elsewhere carried price
downward. Reading, Central of New Jersey
Illinois Central and Tennessee Coal sold a poin
below yesterdays closing and Delaware & Hud
son z Earlier advances were largely reduce
and wholly wiped out in some cases. Before
O. CLOCK the market was the up grade again
the United States Steel stocks Amalgamate
| copper, Union Pacific and Erie ruling at the best
ohio gained point Lnseed and Realty 2K
Stock quotations reported for The Journal b
watson y Co., brokers. Chamber of Commerce
Minneapolis. Closing figures are bid