The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-24
BULLISH SPIRIT
SWEEPS MARKET
WIDE ADVANCES MARK OPENING
IN WALL STREET.
Realizing Sales Have Little Influence
on Prices, Which Hold Firm, and
Later Make Further Advances
North Western Makes Gain of Five
Points. s-..'. Co.,. ...

New York, March 24.-Wide advances were
shown by opening prices which were well scat
tered thru the railroad and industrial l1sts'
Union Pacific rose extreme Is Oh the transfer
Of 5000 shares, and there were gains OF a point
in Atchison, Ontario & Western Locomotive
Car and Colorado Fuel. Northwestern rose
2A and Metropolitan Street Railway y New
York Central Reading. Rock Island, Southern
Pacific Metropolitan Securities and Lead showed
large fractional gains.
Individual influences played but little part IN
the wave OF bullish enthusiasm that swept oyer
the market beween 10 and II o'clock. ms
substantially reflected in numerous advances
of point Or more including representative
stocks OF all degrees. Purchases seemed urgent
at times in stocks which have recently been
| bear targets, notably Union Pacific, New 1ork
Central and Reading. The violence OF the rise
invited the usual realizing sales but these made
little impression on prices Among the suostan-
| tial gains recorded after the opening rise We're
North Western g. Lead g. METROPOLITAN Sertf
Coast Line and Peoples Gas 11a@1A Chicago
Terminal exceptionally off point ana
Knickerbocker Ice 2.
tion but the demand ran more to special stocks;
| New York Central was carried up rs ana
Union Pacific u.s. Lead lifted feverishly
49, and the preferred Az Smelling advanced
4 and pullman 2ss There were gains of y a.
in the Gould group. Illinois Central, Cleveland
Cincinnati Chicago s. st. Louis Pittsburs' ON
cnnati Chicago & st. Louis, Colorado FUEL
General Electric Corn Products preferred and
Sloss- Sheffield Steel. Peoria & Western jumped
Az. Lead and Smelling fell back between
| and points and the advance was checked gen
orally. Prices yielded and trading fell into
dullness.
Bonds firm at noon.
! Prices of the more important stocks showed III
tie alteration as result of the days trading
l Pennsylvania 0nd Amalgamated Copper got
fraction higher than in the morning and Lea
/ raliie again to about a.. Rubber Goods sho
up nearly 4 points in short time and numbe
Of others of a similar speculative standing wer
also considerably higher Colorado Fuel pre-
ferred improved 5, Twin City Rapid Transit
westinghouse Electric. ~, Tennessee Coal
and Linseed 8. kanawha & Michigan dropped :
Large purchases centered pretty largely
the specialties, and altho Rock Island, which
has been notable laggard for some time, sud
denly went up 2 points. standard stocks droope'
and were dull. An advance in the southern
. iron group gave free play to the rumors regard
, ing their combination. and the rise In Rubbe
Goods caused q similar inquiry for the Cnite
States Rubber stocks. Sloss-Sheffield Stee
gained ~. Tennessee Coal SO, Republic stee
preferred 3 and the common and the Unite
States Rubber stocks Ia to PA.
Profit taking on the days rise brought price
down for time The southern iron group an
Rubber Goods recovered to prices conslderabl
higher than before. Great Northern preferre
sold at 3O2. Union Pacific rose briskly to III "a
The rally carried many stocks to the best again
The closing was active and strong.
Stock quotations reported for The Journal b
Watson & Co., brokers, Chamber Of Commerce
Minneapolis:
| Closing figures are bid.