The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-01-05
TRADE LANGUlD
ON " ALL STREET
PRICE MOVEMENT NARROW AND
SLUGGISH.
A Dearth Of Buying Orders Caused
Prices to: Shade Of-Then Traders
Began to Cover-Market Dull and
.'Spotty' Transit Leads
Decline-Details of the Days Pro-
ceedinrs

New York, Jan. 5.--A heavy, languid in
terest was reflected in the opening deal
ings in stocks, and the movement OF prices
was narrow and sluggish. The undertone
was heavy. United States Steel declined
rs and the preferred r., the latter imme-.
diately rallying II. Rock Island fell rs.
Chicago & Alton preferred advanced u.
Dearth of buying orders in the market
caused prices to slide off further. Wa
bash preferred declined a point, and there
was some effectiv9 selling of Amalgamated
and the grain carrying stocks.
Not much stock coming out at the lower
level, the room traders began to cover.
Brooklyn Transit, An1algamated, Sugar
and United States Steel preferred rallied
a point above their lowest, and the rail
road stocks to parity, or slight above
yesterdays close.
Reading, Colorado Southern and Norfolk
& Western preferred advanced l.; Toledo,
st. Louis & Western preferred and Iowa
Central preferred, Ia; Colorado Southern
first preferred and Delaware & Hudson,
2; Realty preferred, ~; Colorado South
| Alton preferred, g..
The market became very dull and spot
| ty. The Hawley railroad group was
strong, Chicago & Alton rising IL, the
preferred AZ. and Toledo, st. Louis &
Western preferred 21a. Lackawanna rose
| So, Delaware & Hudson g. Chicago Ter
minal preferred 4, and the common, Atchi-
son preferred, North Western and Amer
| lean WOODEN all rose a point or more.
Brooklyn Transit was down m ore than a
point under last night, causing prices to
drop in sympathy. Sloss Sheffield Steel
preferred lost and Westinghouse Elec-
trio IL.
| Bonds were irregular.
Wabash preferred reversed it's course OF
| the morning and advanced, a point over
| night on rather active dealings. Louis
| vile & Nashville also moved up IA ano
the entire southern and southwestern
groups were higher. Other active stocks
showed a firm undertone and there was
a rise in Amalgamated to above so. Min
neapolis & St. Louis improved l, Genera
Electric liz, 500 Ia and metropolitan
Securities 2A. National Enameling pre-
ferred declined 2.
Speculative interest died out consider
ably during the afternoon and the usua
leaders were neglected. The market wa
about a point lower for some of the low
priced railroads and specialties that hat
been advanced notably earlier. STANDARD
stocks held their own pretty well outsid
of the Rock Islands which ruled poln
below the highest. Westinghouse Electrl
rallied 212, placing it a point over las
nights close. 49,
A recovery in the last hour was led b:
Amalgamated and United tSates Stee
preferred, the former rising 2b and tn
latter ~ Gains of a point was secure
in Union Pacific, Louisville & Nashville
Kansas & Texas preferred, Wiscons1
Central preferred and Metropolitan Stree
Railway Other notable gains were Mash
vile, Chattanooga, and st. Louis T., On,
cago & Alton and General Electric y
Virginia Carolina, Chemical 1B and Col
$ orado Guel and Republic Steel preferre
i, 11a.
!, Stock quotations reported Nor The Journal b
y Watson K Co., brokers, ~Chamber2 OF Commerce
' Minneapolis: 4sg& ~, a3=m
!: Closing figures are bid. !