The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-27
MARKET A..PUzzLE
TO PROFESSIONALS
OPERATIONS IN ToDAY's EARLY
TRADING SHOWED INDIGESTION.
Prices at the Outset We're Higher, but
1rregularity Developed and Set
Traders Guessing-A Rally Occurred
Later and Sent Amalgamated and
: Other Favorites Up.

New York, Jan. 27.-Prices of the interna-
tional stocks abroad advanced in sympathy with
cur strong upward movement of yesterday and
the local market showed u continuation of the
movement at the opening today. Many stocks
opened "a or more higher aud Locomotive pre-.
ferred, Atchison, Illinois Central, Consolidated
Gas and North Western rose a point or more IN
short order. block of 5000 shares and another
of 1000 shares Of Erie changed hands at from
43 to 4SA, compared with yesterday closing
Irregularity developed, the professionals dis
playing considerable indecision in their opera
tons. Illinois Central, the Eries and some OF
the specialties received consistent support, while
Amalgamated Copper and the railroad list gem
orally sold off. Fluctuations either way were
not wide, and trading slackened. Baltimore 4
Ohio was conspicuously heavy, opening down "a :.
western stocks came into demand at IL O'Clock
and the market rallied sharply. Amalgamated
moved up to above 73 and some other favorites
sold higher than at the start.
Stocks were we'll taken, but advances not ex-
tended except in special cases. Union Pacific
Atchison and Amalgamated Copper especially
We're sold at the advance New York Central,
Missouri Pacific, Erie first preferred, Chicago
Terminal, Tobacco preferred, Colorado Fuel and
Pacific Mail rose or more, Hooking Valley,
Cleveland. Lorain Wheeling preferred, Locomo-
tive, Corn Products, Chicago Terminal preferred
and the Lead stocks 2 to 2h and Locomotive pre-
ferred 81. The market was dull and below the
best at noon. Bonds were firm at noon.
Slightly higher prices were made after IL
o'clock for the Locomotive and Chicago Terminal
stocks and New York Central, but the market
otherwise was dropping except for few spe-
cialt1es. United Pacific lost its mornings ad-
vance and st. Paul was forced below last night.
The Fries yielded considerable fractions and the
coalers generally sold of. Pressed Steel Car
preferred rose 81 and the American Car stocks.
Corn Products preferred Metropolitan Securities
and Norfolk & Western, to 1%; Cleveland, Lor-
ain & Wheeling sold points higher on Il single
transaction. Colorado & Southern second pre-
ferred lost I.
recovery to 1751s by st. Paul was Of little
avail in hardening the railroad list. New York
Central ran off to IA. Meanwhile some minor
stocks were being lifted. Central Of New Jer-
sey, the Allis-Chalmers stocks Pressed Steel
Car and Realty improved 1 to ~, American
Car preferred and Corn Products 2k and Amer
lean Express 8. General Electric declined 1.
The market hardened again before o'clock.
The market sold off sharply in sympathy
with a drop of 21s in Amalgamated Copper.
Pressed Steel Car reacted IN, Locomotive pre-
ferred 2, and other strong features a point.
The general level was carried under last night.
Brooklyn Transit lost 1ss and Chicago Great
Western preferred A 2A. A rally of ~ in
Amalgamated Copper steadied prices. Tennessee
Coal moved up a point and Erie rose strongly
to 431s. The closing firm.
Stock quotations reported for The Journal By
Watson & Co.. brokers, Chamber Of Commerce,
Minnea polls. Closing figures are bid.