The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-11
EASE OF MONEY
FELT IN STOCKS
LOWER RATES AND POSSIBLE
PEACE FAVORABLE FACTORS. D..
Excitement in the Trunk Lines the
Opening Feature Today-Buying of
the Pennsylvania Group of Stocks Is
Heavy-Canadian Pacific and North
Western Feel Pressure.

New York, March 11.--Some hesita-
ton and repression were caused in the
stock market this week by the unre-
s,ponsiveness to the Northern Securities
decision and by the sentimental effect
OF the transit employees strike in New
4ork. The market revived under the
activity in all directions, The renewed
strength. Of stocks supposed to be con-
cerned IN settlements following the
Northern Securities dissolution and the
ease of money.
Reduction of the official discount rate
OF the Bank Of England rate, is &C.
cepted as promise of future ease Of
money rates, while peace prospects in
the far east were also considered as IA
vorable factors.
opening trading in stocks today was
excited IN the Trunk lines, especially in
the Pennsylvania group. chesapeake
q Ohio broke violently on heavy realiz-
l cRgg,ng Cunning sales Of f., 1900 shares
w Rabd5 81 e last sSA ni aad s2
thousand shares Of Pennsylvania sold at
last night, and 5000 shares of Norfolk
Western sold at 86A and 86A COM
pared with S5A last night. Cleveland,
Z; Z. q St: Louis rose ~, Ontario &
Western l7s and New York Central q.
] NOnSOllQaGoO
Gas and NATIONAL Lead preferred gained
point and Sugar and Tennessee Coal
q large fraction. = The Pacifcs and
Changers were rather heavy and inter
national Power broke 3 points.
Excited buying of the Pennsylvania
group of stocks. continued, under which
Chesapeake & Ohio shot up to near its
record level Of yesterday and Norfolk
& Western touched 8S1a. Pennsylvania
Full n;-+ 81 IL I, =
vance in the eastern stocks the market
Jagged and showed hesitation. Traders
evidently sold on the concentration OF
interest in the Pennsylvania stocks
Canadian Pacific and Corn Products fell
point under the previous close anc
North Western preferred four. Among
the gains were Cleveland, G. @. & st
Louis 81, the preferred ~, Norfolk
& Western 2A, the preferred 70, Fed
eral Mining 2, and Central Railroad Of
New Jersey, Illinois Central, Pittsburg
G. G. & St. Louis, North-W anl
Smelling 1 to ~.
! The Southern group of railroads was
pushed upwards for time and whe1
they fell back New York Central be
came very. strong. The sympathetic in
stricted to affiliated stocks and tn,
general list was affected by realizing
i Members of the Canadian group, Nash
vile, Chattanooga & St. Louis, Tennes
see Coal, Smelling, the Virginia Caro-
lima Chemical stocks and New Yorl
Dock preferred fell a point or more
under last night, Realty 2 and Chesa
peake & Ohio relapsed to the low point
Gains reached We're Atlantic Coast Line
b., Louisville & Nashville 2B, South
eri Railway and Texas Pacific L; New
York Central 23s, Cleveland, G. c. & st
| L., ~, Lackawanna and Central Of
New Jersey 212, Lake Erie & Western
preferred 4, and Lake Erie & Western
Pittsburg, G. G. & st. Louis preferred
Wisconsin Central preferred, Locomo
tive preferred, Wooden preferred, Uni
ted Railway & Investment preferred
and Paper l to | r. Beet Sugar prefer
red rose 21a. Missouri Pacific moved
up large fraction in the late dealingl
but the closing was irregular and active
Stock quotations reported for The Journal b.
Watson & Co., brokers, Chamber of Commerce
Minneapolis. Closing figures are bid.