The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-11-14
GAINS At OPENING EN-
WERE VERY WIDE.
INDUsTRIALs SHOWED ADVANCES
STANDARDS WE'RE OFF.
Chicago g. Alton Makes Sudden Rise
Six Thousand Shares Of United
States Steel Go at Fraction More
Than the Close Saturday.

New York; Nov. 14.-Individual stocks, most
Of them industrials showed wide opening gains
today, but many of the standard STOCKS ! lost
small fractions. Chicago s. Alton rost polnts,
Atlantic Coast Line 2, General Electric 2a, and
st. Louis Southwestern preferred, Louisville
Nashville, Illinois Central and Chicago Union
Traction about point. Six thousand shares u
United States Steel sold at 271a and 27A, COM
pared with 27h on Saturday, and 5000 shares
of Corn Products sold at 231a and a. compared
with 229s on Saturday. .t...
The market was furiously active during the
first hour, and there were some violent advances
among street railroad stocks, which are 1ntre-
quently active. and among the .specialties Inc
standard stocks continued under pressure tor a
time, but rallied before the end OF the nour,
making general recoveres Of all their losses, and
In some cases rising Saturday southern
Pacific was heavily bought There were de-
clines of In International Pump and Plttsburg,
Cleveland, Chicago & st. Louis preferred, ana
otherwise the recessions confined to frac-
lions. The United States Steel stocks became
aggressively strong, the common rising rs and
the preferred IL, and this was the dominant in
huence in rallying the general market
Amongst the sensational gains were Nashville,
Chattanooga & st. Louis N; Pullman, 5; Duluth d
Line, 4; st. Paul. Minneapolis & Omaha and
North American, 31a; Louisville & Nashville,
IN; American Linseed, 8; the preferred, Il, and
extended list Of minor railroad and industrials
from to 2. At 11:o5 active stocks were
quoted as follows: ,-~-a-.zs ~
Baltimore & Ohio, OTIS; Sugar lat; Metro
politan Street Railway 12fA; Brooklyn Transit
7e1a; Pennsylvania. 1917; United States Steel
%; Union Pacific. 11s; Southern Pacific. 81
Southern Railway, 80; Rock Island, s61a; Atchi
son, s7h; Colorado Fuel, 1874; Steel preferred
S7%; Missouri, Kansas & Texas "a; Genera
Electric, 1921; North American Company, 101
Copper, 1875; International Paper, q; Erie, 4oh
Louisville, 1879; Reading, 76h.
The engagement Of saooo0oo gold for Paris
| dashed the speculative excitement and the activ
| ity lessened, allowing prices to recede in some
| cases / to IL from the best. There was a re
markable variety of obscure stocks which con
! tinued to appear in the record at advancing
| quotations. Amongst the more notable advonce
were Detroit Southern preferred, N; Linseed,
Corn Products, IN; Allis- Chalmers preferred
~, and Biscuit, 2&. Advances of point fol
| lowed the rise in the United States Steel stocks
| in Amalgamated Copper, Smelling and stee
| Foundries, TX in Tennessee Coal and 211 il
| oss-Sheffeld Steel. Sugar reacted nearly
| points, and the local fractions gained between
1 and 2. There were losses Of to IN in Min
neapolis, st. Paul & sault Ste. Marie, stee
| Foundrles preferred and Snuff preferred. TIL
market was feverish at noon, Missouri Pacif
breaking Us under Saturday. Bonds were irreg
| ular at noon,