The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-02
STRONG DEMAND
MARKS OPENING
BIG BLOCKS OF LEADERS GO AT
ADVANCED PRICES.
General Upward Trend Involves 500
Stocks-Wave of Selling Orders
Later Carries Prices Downward and
New York Central and Atlantic
Coast Line Lose Their Gains.

New York March 2.-The opening Of trading
In stocks today disclosed strong demand which
lifted prices to substantially higher level.
There were wide openings in New York Central
Union Pacific and United States Steel. In New
York Central $500 shares sold at 1854 and
l5s1a, compared with 1914 last night. Fifty -iva
hundred shares of Union Pacific sold at 134 u
and 134a. compared with 1915 last night, and
5000 shares of United States Steel carried 1t up
an extreme u. Consolidated Gas jumped 4
points, Atlantic Coast Line rose 14s, Metropoli-
Ign Transit Atchison, Illinois Central, People s
Gas, Sugar, Colorado Fuel and Cleveland, Cincin-
natl Chicago q St., Louis were up point or
more, and Pressed Steel Car, Locomotive and
Baltimore & Ohio large fractions =
Before the urgent buying apparent at the
opening had ceased, prices were lifted to still
higher level, Several additions to the notable
Southwestern, Minneapolis st. Paul & sault
Ste. Marie, Chicago Terminal preferred, Locomo-
i've Lead and the preferred Rubber preferred,
Pressed Steel Car and Virginia Carolina Chemi-
cal preferred figured for point, Westinghouse
Electric u, Sloss- Sheffield Steel LIZ and Vir-
GINA Carolina Chemical g. In the active section
Atchison was lifted to 81 and the United States
Steel stocks to 80 and 90 respectively. Sell.
ing orders overwhelmed the buying around 1880
and prices reacted materially. New York Central
! and Atlantic Coast Line lost their gains and
number Of other favorites fell back to yes
terday's closing. Rubber Goods preferred de.
clined 2. The market was steadying at II
| o clock. -.t ..,.
After an advance Of "A In United States Steel
In very heavy absorption demand shifted to Read
ing. which lifted 1 q. Erie rose in company
to 4S1a, but railroads generally did not follow
owing to sales to realize on the advance. New
York Central was forced hc under yesterday
and western stocks generally a fraction. Some
of the southwesterns, Mexicans and Wisconsin
| Central scored gains OF point and also Tennes
see Coal, Pipe and United States Rubber. New
York Air Brake rose 3A Virginia Carolina Chem
zeal and Westinghouse Electric first preferred
| 2. Lake Erie & Western preferred fell 2A
Northwestern 2A and Pump /. Chicago, Bur
lnngton & Quincy sold at 235, as compared will
$50 when last traded in last month. There were
rallies before
| Bonds were steady at noon.
not interfere with the confident buying Of SOM
| of the southern stocks. High priced specialize
such as Sugar and Metropolitan Street Railwa
were also absorbed in great quantities. Ell
the other coalers did not exceed their best fore
noon prices. Louisville s. Nashville and Atlanti
| Coast Line improved 1A and 3k respectively
and Metropolitan Street Railway and Hide an
and the United States Steel stocks were vel
maintained mai Realty gained 81 and Qansas Cit
The boom in Atlantic Coast Line carried
it back about points. Canadian Pacific dis
| played increased animation on a 2-po1nt ad
vance, Amalgamated Copper, after being rathe
! quiet. suddenly responded to the lifting o
sas & Texas and Peoria & Eastern advanced
! and North American 21a. Considerable pressur
prevailed against the transcontinental group a
2 o'clock and their weakness carried down tn
| southern stocks and coalers. Union Pacific RAJ
| off to near 13S +'''-
/ Stock quotations reported. for The Journal b
Watson & Co., brokers. Chamber Of Commerce