The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-09-14
STOCK PRICES
SURGE UPW ARD
UNFOLDING OF PENNSYLVANIA
SENDS FIGURES UP THE SCALE.
Goal Stocks and Eastern Trunk Lines
. Generally Strong and Western Group
Z Shows Strength for, First Time Of
Week.

New York, Sept. 14.-The tone Of the opening
dealings in the stock market today was slight,
irregular, but gains largely predominated y
few OF the Changers and southwestern were
slightly lower, and Texas & Pacific lost Is. There
We're very large dealings in Pennsylvania at
an unchanged quotati from last night, but the
price ultimately yielded slightly. Southern Pa.
cifc was up ", Denver & Rio Grande A, and a
number Pres. Of fn other leading stocks Y
frlces surged rapidly upward in all directions
following the upbidding of Pennsylvania to 1909.
Railroads In which the Pennsylvania interest is
dominant shared in It's strength especially Read.
pis s baitim1re Ohio, Norfolk & Western and
rtt.sourg' cleveland, Chicago st. Louis, which
sold 1Iz hlgher. The coal stocks and eastern
trunk lines were generally strongs and the ives.
teri. serna group gave Its first demonstration O.
sustained by the accumulation of Southern Rail.
way and the rise in United States Steel pre-.
ferred contributed to strength in the metal quar-
ter. The Metropolitan stocks were buoyant.
among the largest gains of the first hours were
Anaconda q, metropolitan Securities 2ss and
Metropolitan Street Railway and General Electric
Bag pr preferred 2A, Colorado Southern first pre-.
ierred In, consolidated Gas r., and New York
sss5ss H:;S EssS ys's
RADIO Southern second preferred, United
States Steel preferred, Colorado Fuel the smelt.
Ing stocks and Brooklyn Transit 1@1A. re-
.newed advance in Pennsylvania to 13O1s rallied
| the market after slight reaction.
| PENNSYLVANIA touched 131 and its strength held
the whole market at further slight advances
Inc Dreak III the grain markets gave some reas
| surance against fears of damage from frost
United States Steel preferred rose IL in all
! consolidated Gas gained 2A, Erie second pre-
ferred ~. Louisville & Nashville ~ and Mis-
souri, Pacific, st. Louis & Southwestern, NatiOna
Of Mexico preferred; Erie first preferred; Tennes
see Coal, Lead and Virginia. Carolina Chemical
:. point The activity Of the market fell off ma
| terlally at the latter stage of the rise. Bond
were firm at noon.
! An outburst of strength in Erie and United
States Steel stocks forced a general rally latt
In the day, In which some of the Changers ant
Southwesterns touched their highest point. Fri,
was moved up 2 points to 31B and United States
Steel preferred touched CTS, rise of 2ss.
The common stock, Amalgamated Copper, st
| Paui, Atch1son, Wabash preferred and Kansa
q Ie1as preferred also figured in the days ris
| to the extent of point or over
Buying was resumed with some spirit for
time in the standard stocks and st. Paul. Uniol
Pacific and New York Central sold slight,
higher.
i The low-priced Coalers all brought bette
prices, but the entire market halted and fel
back when the proft-taking in Pennsylvania be
i came efectlve Pennsylvania ran off M an
most of the grain carriers as much. ..
Reactions Of 2M to 2A in the Metropolital
stocks disturbed the ADVANCE. Urgent deman
for all the leading grangers and Pacifcs from
belated uncovered shorts caused advances Of / !
to 2h, the latter in Atchison. The genera
market also recovered to best prices. There wa
no material reaction and the closing was actiy
and strong.
:. Stock quotations reported for The Journal b.
Watson 4 Co., brokers, Chamber of Commerce
Minneapolis:
; Closing figures are bid