The Minneapolis journal., 1905-11-10
.MlARKEI, N ]! ! ,.RlEsISTs
HIGH MONEY RATE
STRONG TONE ABROAD rs FELT
IN WALL STREET. OPENING.
Realizing Causes a Decline Later, but
Rally Follows and Prices Advance
in the Face Of a 15 Per Gent Rate en-
Call Money. ss

New York, Nov. 1o.-Opening prices in the
stock market showed good fractional recoverics
with few exceptions from the closing depression
YESTERDAY. The market had the benefit of a
Mgner range In quotations for Americans In
London before the opening here Atchison, Read
ing, Kansas & Texas, Baltimore & Ohio and
Smelling rose large fractions
The rise did not proceed much beyond the
frst prices, uneasinesst over the close working
OF the money market and the moderate profits
IN slght inducing the traders to close out their
contracts. Reading which had moved up IL
to l42A reacted points, and advances of equal
proportions In Northwestern, Delaware Hud-
son, Lead tennessee Coal and Railway Steel
spring were reduced or entirely surrendered. In
general the market yielded to below yester-
days closing, but received some support and
was steadier at II o'clock. Detroit United Rail-
way gained n and United Railway & Invest
ment =. Lake Erie Western preferred fell
l, Sugar preferred 1, Kanawha & Michigan 3
and Federal Mining 5.
There were some further calling Of loans and
the money rate went high as 1919 per cent,
but stocks showed resistance to depression and
made general recovery to above last nights
neures. tennessee Coal rose 21s, Sloss Sheffield
Steei "a, Atchlson and Pressed Steel Car 1 u
ana New York Central. Canadian Pacific, Kan
sas '&s Texas, Iowa Central, Lead American Cot
ton OIL and Republic Steel preferred 1. Addl-
tional declines were Pulp 23s, Westinghouse
mieeetlc imieoil Great Northern preferred 1s and
li,hhois oehtrai ana others point. Trading be-
came very dull, but the recoveries were held.
Bonds were heavy at noon'
STOCKS continued to advance in the face Of a
10 per cent money rate Reading, st. Paul,
Union Pacific, Missouri Pacific Erie and several
OF the speclalties were conspicuous in the rise.
heading returned to 1924, but the overnight ad-
vances In the others were slight. Kansas &
Iexas preferred and Metropolitan Street Railway
rose L, Des Molnes & Fort Dodge fell L.
:, Ihe Indifference manifested by the bulls to
the stln money rate and from later relaxation in
the rates for call loans resulted in varied ad-
Vances In stocks in the later afternoon. Repre-
sentative Sc railroad stocks were in demand and
there was good inquiry also for the local
traction and Industrial specialties. Tennessee
Coal improved AZ, Canadian Pacific, Great
Northern preferred, Northern Pacific and Della
TaEe re-, s Hudson to 2A. St. Paul New York
central, Union Pacific and General Electric
l "a and Erie, louisville & Nashville. Atlantic
Coast Line, Locomotive, Brooklyn Transit, Colo
1ado Fuel Metropolitan Securities and Sugar /.
The advance was extended in the last hour,
carrying United States Steel preferred, Re-
public Steel, Texas. & Pacific and some others
to point or more over last night Kansas s
Texas and Republic Steel preferred 2, SIoss-
sheffield Steel and Tennessee Coal s. Prices
Yielded somewhat when the all-money rate re-
covered to the top level, but the closing was fair
~ steady and dull. y -.
Closing quotations reported for The Journal
by Watson & Co.. Chamber of Commerce. Clos
ing quotations are bid -