The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-03
Big TRADING, IN
THE STOCK MARKET
LARGE BUYING ORDERS PLACED
IN THE PENNSYLVANIA GROUP.
Deals in Other Stocks Follow-Amalga-
mated Copper Extensively Dealt in
on Advance Huge Buying Of Rock
Island Reading Down, Then Up.

New York, Feb. 8.-Large buying orders for
stocks were placed over night in the PennsylVanla
group and the initial transactions today ranged
from 1900 to 10000 shares with Reading the
chief feature. Pennsylvania itself was taken
to the extent of 1000 shares at from 139A to
1894, overnight rise Of Readings bulge I,,ge
utes, the tape showing $4,000 shares from 9Zb
to 9315, and further expansion to the highest on
the next two transactions. Large buying Oh otnef
stocks was In order and Kansas d Ie1as pre-
ferred, Southern Pacific, Denver & Bio Grande
preferred and Kansas City Southern preferred
rose nearly point, while Chicago Union Irac-
ton preferred moved up 2. E-......
reaction to 90 by Reading had more re-
pressive effect on the general market than 1t dld
on the coalers, some of which continued to gam
Ontario & Western, Delaware HUDSON, balu-
more & Ohio and the Norfolk & Western STOCKS
rose to IN. The Pacifcs, St. Paul ana the
Vanderbilt stocks covered a narrow range ana
followed Readings lead. Low-priced railroads
and industrials figured prominently in the early
and the preferred az. Colorado & Southern sec
ond preferred, Pacific Coast second preferred, ST.
Joseph & Grand Island second preferred, Iowa
Central Consolidated Gas, Federal Mining ana
International Power hardened 1 to 2. Amalga-
mated Copper was extensively dealt In on It's
advance to 1874. United States Steel preferred
showed some heaviness. ,
|, The market was inclined to run on Wnen the
rise in the coalers halted. Union Pacific, Atchi-
son, United States Steel preferred and the local
fractions got fraction under last night. duge
point and Reading rose again to e4A and stead
led the market. New Haven rose 81, Pittsburg,
Cincinnati Chicago & st. Louis 37s, American
Agricultural Chemical preferred 2h, Rock Island
preferred and Central of New Jersey and
Iowa Central preferred Louisville & Nashville
Pullman and Realty point. st. Paul preferred
lost 3, Long Island 21a Chicago & Alton IA and
! North Western, Chicago, st. Paul. Minneapolis 8
Omaha, Detroit Southern, Pacific Coast, Duluth
South Shore & Atlantic preferred, Rubber Goods
and Cotton OIL /.
| Bonds were irregular at noon.
! Bull operators had brief sway for time II
Reading and the transcontinental stocks, ant
marked them substantially above the II o,clocl
prices. Reading touched 95M but was allowed
to ease of almost Immediately to "a. with
subsequent rise to near the highest. central o.
New Jersey followed it closely, touching 2O57a
and Delaware & Hudson made its rise q st
Paul and Union Pacific, which had been laggard
ad M hs ssa sas pon
! the preferred IN Among the specialt1es Wiz
gin1a-C Carolina Chemical and Federal Minini
moved up and Duluth. South Shore & Atlanti
| Dealings contracted measurably on the advance
the traders showing some reluctance to following
up the rise in the western group. Blocks o
| thousands of shares Of the coalers were take
late in the afternoon without much effect O.
quotations. This was especially true OF tn
Eries and Readings. Delaware & Hudson ad
vanced to 191 and Pennsylvania crossed LAC
United States Express jumped and Long Islam
converted early loss of 215 into gain of a
much. Duluth, South Shore & Atlantic preferre
fell steadily, touching 81, while the commo
yielded 1ss. -sE ~.
There was general reaction on active sellin
which carried Atchison, New York Contra
Brooklyn Transit and Metropolitan Street Raj
way a point under last night. Chicago 81
Paul, Minneapolis & Omaha preferred on on
sale lost rs points Of its recent 35-point rist
The coalers again led in the rally which cal
ried Delaware & Hudson up to 1914. The1
was rush to buy Missouri Pacific up to 1o'
Texas & Pacific rose IN, st. Paul I, and th
market showed a strong tone again. The closin
was active and generally strong. ~
Stock quotations reported for The Journal
Watson & Co., brokers' Chamber Of Commerce
Minneapolis. Closing figures are bid.