The Minneapolis journal., 1905-11-23
STOCK. MARKET IS
AGAIN IRREGULAR
VARIATIONS LARGE, BUT NOT so
WIDE AS YESTERDAY.
Prices Are Down at the Opening, but
Rally on Appearance of Support,
Until Heavy Profit Taking in Favor
ties Causes Sympathetic Losses.

New York.. Nov. 23.-Prices at the opening
Of the stock market Today moved doWnwaras
from last nights closing level. Recent leaders
Uf the advance We're prominent In the decline
Anaconda dropped 3H, American Smeting lost
2, the preferred Us, heading and Lead IA.
metropolitan Securities moved up point and
Metropolitan Street hallway Lg against tfe
current of the market, and Republic Steel rose
accrued dividend.
Traces Of yesterdays irregularity appeared
which were not altogether relneded when the
market began to show evluences Of good support.
Prior to the upward turn, several additions We're
made TO the opening list of losses that reached
point or over, Including Southern Pacific, Della
ware & Hudson, Locomotive, Tennessee Coal
hallway IL Steel Spring, International Power and
Electric Storage Battery. number Of railroad
stocks rose to Yesterdays closing and theie Was
renewal OF heavy pool opera tions for the rise
in a number of specialties Reading. Union Pa
cifc, Smelling and Amalgamated Copper ma dc
rallies of l to ". Overnight gains reached :S:l
in Metropolitan Street Railway. III United
States Rubber and in the second preferred.
IN in Metropolitan Securities and 1 in Sugar
apd Rubber Goods. The tone was easier again
at II o'clock. ST. Louis & San Francisco second
preferred dropped 2A. '.f-- ~ Er - -
Heavy profit taking again in some of the re.
cent speculative favorites caused losses In sym
pathy. Pressure was severe on Reading at de-
cline of 2A, Smelling 1A the preferred .,
Brooklyn Transit 2A, Anaconda 5h Tennessee
Coal 3, sloss- Sheffield Steel 21a and National
Acau LII Tue ROCK lSlenu group tQe pre-
ferred slumped 2A, st. Louis & San francisco
second preferred 4 and Chicago & Eastern Hi.
no1s preferred certificates 5. Central Railroad OF
New Jersey fell 3, Lackawanna 2, international
Power an dLinseed preferred 2. metropolitan
Street Railway showed some resistance to the
pressure and rose again to 100 when it was re
laxed. International Paper gained 2 and the
preferred E,rae, ~: Prices eased off again wheI
weakness. Bonds were fairly steady at noon
T1nion paciHc
Traders who had been selling the list freel,
reversed their position when orders for many
thousands of shares of Union Pacific began t.
be executed after prices had dipped lower thai
be1ore noon. This stock went up steadily OF
increased dealing to 135A, over points above
Its lowest and ~ over yesterdays close. Note
worthy rallies occurred also III all the, otne
special faVorltes. The southern iron group mad.
up the1r losses. Western railroud stocks did NJ
respond proportionately to the advance in Uniol
Pacific, but recovered to near last nights level
|. Ihe strength Of Union Pacific permeated th,
general llst and stocks of all grades commence
to rise more vigorously. Union Pncihc reached
l31 Is, or nearly points above yesterdays close
and some other standard stocks gained nearly
point A number of especially weak stocks O
the morning continued to rule we'll below los
nights level especially Smelling Lead, Brook
lyn Transit and Reading. International Pape
preferred improved b&. Union Pacific preferre
and Tennessee Coal " :. Delaware & Hudso
| fell 21a and Pullman 4. s..
Brooklyn Transit relapsed again to s7as an
unsettled the list, but Union Pacific recovere
to 1874 and enormous buying of United State
Steel stocks developed, the preferred rising
point over last night st. Paul, Louisville .
Nashville and Northern Pacific gained !, tn
Corn Products stocks 1A@11a, North America
~ and American Express AZ. After rallyin
2A, Brooklyn Transit gave evidence of renewe
pressure: Reading and the Smelling stocks ais
re: fell Dack lower than before: Smelling droppe
9y hait point intervals to Az below last night
The closing was feverishly Irregular and yer
! active. ~ ! ..~,@ - : . = -
Stock quotations reported for The Journal b
Minneapolis Closing figures are bid :. 1-s