The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-03-21
STOCKS OPEN AT
HIGHER PRICES
BUSINESS LARGE, EMBRACING
MANY MINOR ISSUES.
Early Trading Shows Substantial
Gains, Some High Priced Specialties
Being Advanced-Reactio Follows,
but Confident Buying Causes Gem.
eral Rally.

New York. March 21-opening prices
OF stocks to-day We're higher, without ex-
ception, than Saturdays closings but the
gains were moderate. Southern Pacific.
Union Pacific. Louisville & Nashville and
Delaware & Hudson rose 7s to y, which
was In excess of the average. Great
Northern preferred jumped 2. Some very
large blocks Of the Pacifics and United
States Steel preferred changed hands.
Prices Of the usual leaders lowered
around the opening level, the realizing
sales or the traders about balancing the
new buying. Business was large, and this
demand embraced a number of minor
stocks. Most of these made substantial
gains. and few of the higher priced
speclaltles were also lifted notably.
I North Western preferred rose 4, North
American 8, Reading second preferred 2,
and Louisville & Nashville, North West
ern' Kansas City Southern preferred, Nor
Iolk q Western, Colorado Southern first
preferred, Tennessee Coal, Realty pre-
ferred, Metropolitan Street Railway, Con-
solldated Gas, General Electric and Colo
RADIO Fuel. l to IN Cleveland & Pitts
burg declined 4. The market sold off, but
rallied again before II o'clock.
The market showed greater effect from
realz1ng when the execution of buying
orders accumulated over Sunday was COM
pleted. On the reaction the gains were
generally wiped out and the average of
prices fell below Saturday. Dizziness fol-
lowed.
Hooking Valley preferred rose 2, st.
Louis southwestern preferred and Rubber
Goods preferred IL, and a number of
minor stocks a" point before the reaction
set in.
Bonds were steady at noon.
Stocks were bought with some show. of
confidence again and there was a gem
eral rally Of a fraction. St. Paul, Balti-
more & Ohio. Pennsylvania and the Pa
cities returned to about their high prices.
New York Air Brake, Pacific Coast and
General Electric gained ~ each. Chicago
& Alton declined 1, Chicago Great West
ern preferred ~, American Snuff 8 and
the preferred 3zs. 8 III
The advance in prices made greater
neadWay Tor a time during the after
noon. Grain carrying stocks followed a
point rise in st. Paul and Union Pacific
ana the coalers also were taken freely
especially Pennsylvania, which touched
l117N. ..,,
Westinghouse electric rose 3 in all and
General Electric 49, Unexplained. selling
preferred drove it a point under Satur-
days close, and precipitated general sell
ing of the favorite stocks. Prices quite
generally sold at the lowest of the day
Brooklyn transit yielded to 43.
Prices steadied momentarily, but fell
again lower than before, United States
Steel preferred losing IL. Missouri Pa.
cific, Canadian Pacific, Reading, Penn
sylvania, New York Central, Amalgama
ted Copper and Sugar lost poin
and American District Telegraph 2
Nashville, Chattanooga & st. Louis mad,
an isolated gal nof q points. The CLOSING
was easy. esy Ek2 49, 50
l Sfoply otot{n yrl~
! Watson & Co., brokers' Chamber Of Commerce
| Minneapolis. Closing figures are bid.