The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-05
.COLORLESS DAY
ON WALL STREET
READING THE CHIEF FEATURE OF
THE FORENooN,s TRADING.
Declines in EARLY Hours Arrested by
Large Buying Of Amalgamated Cop
per-Representative Railroad Stocks
Became Factor After Noon.

New York, July 5.-The market opened
moderate fraction higher for most of the stocks,
with wider gains in special cases. Tennessee
Coal Jumped 2H.*lsT There was very heavy ali
sorptlon OF kead1ng at gain of nearly point
and Metropolitan Street Railway, Brooklyn Tran
sit and Chicago Terminal preferred rose about u
point The United States Steel stocks, Baltimore
& Ohio, Louisville & Nashville and Canadian Pa
cihc were the only stocks that were lower, and
they lost only n small fraction
The market reacted to parity with Monday 5
closing and in some cases fraction below, not
ABLY Tor st. Paul Atchison, the Pacihcs, Penn
sylvania, Eries and the United States Steel
stocks. Very little remained of the opening adj
vance in Reading, Brooklyn Traneit and Metropol-
1tan Street Railway Tennessee Coal fell back
III, Louisville s. Nashville lost n. Isolated
advances were scored, counted to the general
tendency, Kansas & Texas preferred Manhattan,
Peoples Gas and Virginia Carolina Chemical ris-
Ing point. Large buying of Amalgamated Cop
came very spotty but improved in tone later,
when st. Paul and Reading were bid up ag-
gressiyely. st. Paul rose 17s to 1905, and
Reading Ia to 104ss. Smelling also gained a
roint, st. Paul preferred u, General Electric
1A and Chicago g. Alton 2.
Reading got as high 1O5A and there was
demonstration in the Iron & Steel and some
other industrials, but the general list was rather
unresponsive. United States Steel preferred re-
covered to only shade over Monday. Tennessee
Coal rose Az, Wooden 2A, sloss-sheffeld stee
| common. Iowa Central preferred. Amalgamtet
and Chicago Terminal preferred 2 and tht
Copper, Cotton Oil, Sugar, Republic Steel pre-
ferred and Colorado Fuel 1 to LIS. metropolitan
Securities lost 1. Bonds were firm at noon.
Representative railroad stocks became more o.
| a factor in the maket I heavy purchases o.
Union Pacific, New York Central and Pennsylva
MA stimulating more general demand. Read
| ing met much stock at 1906 but fell back onl!
slightly and the other notably strong stocks O.
the forenoon digested their realization sale
veil. The United States Steel stocks continued
active but moved narrowly. The metal groul
was quiet. General Electric advanced 3as. North
Union Pacific LIZ and Chesapeake & Ohio, Cleve
bacco preferred /.
| Active opera lions ceased and there were fey
special movements of note. Canadian Pacific an
Brooklyn Transit, after showing intervals o
heaviness, were lifted point above their 10y
| level and Illinois Central was also up les.
I general the market was inclined to sag, tn
rapid upward rush on special stocks bringing on
abundant ceiling orders in the entire market
/ Pacific SCoasr jumped points. s..
4 The announcement of the engagement
4 81 100000 in gold for export tomorrow dfscoul
aged the attempts to hold the market and price
crumbled under heavy realizing sales. Souther
Pacific, Louisville & Nashville, Ontario d Mes
ern and Metropolitan securities lost from Ia
i and Erie Baltimore & Ohio, Northern Pacific
New York Central Missouri Pacific, Presse
St. Paul reacted 21a and Reading and gair
in other stocks were wiped out The closin
was active and weak.
Closing quotations reported for The Journal /
Watson & Co., Chamber of Commerce, MINI
apolis. Closing prices are bid. f&