The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-11
GREAT NORTHERN
MAKES A RECORD
PREFERRED TOUCHES NEW HIGH
POINT ON CHANGE. If
North Western Also One Of the Strong
Features Of the Day-Occasional Re-
actions Are Offset by Buying Orders
Which Lift the Market.

showed further wide changes in the high-priced
railroad stocks some OF those which were buoy
ware & Hudson fell 21a and Illinois Central X:
On the otheg hand. Great Northern preferred
Jumped jun 81 and nd, New York Central q s..
and Reading, Canadian Pacific and Northern
Pacific large fractions. United States Steel
preferred was of shade, and Tennessee Coal
declined r.. In the majority Of stocks moder-
ate fractional gains were the rule and the trad
ing was active and well distributed .'
Erratic fluctuations from to points in the
htgh-priced stocks caused irregular move
ment elsewhere, with some stocks under pres
sure. Reading, Southern Pacific. and United
States Steel preferred were sold, and Union
Pacific and the coqlers generally made little
Illinois Central, Chicago & Alton, Wabash pre-
ferred, Chicago Great Western preferred A and
National Enameling, and 2 in Enameling pre-
| ferred and 2A in Des Moines & Fort Dodge.
The list OF gains was extended and varied, and
included many of the recent buoyant stocks,
with several newcomers. .-.h ss T..
Record prices continued to be made in several
stocks. Great Northern preferred rose 81 to
$780, Northwestern moved up 81, North Amer
lean g. Union Pacific 29s, Pullman 6A. General
Electric 2, Central Railroad of New Jersey,
Texas preferred, Wheeling & Lake Erie first pre-
| ferred, Amalgamated Copper, the Metropolitan
stocks, United Railway & Investment and Unit
ed States Rubber preferred ! to ~. Delaware
& Hudson recovered its opening decline.
There were occasional reactions when trading
became dull, but buying orders at new points
revived the market constantly. When st. Paul
advanced 2A gains followed of in Union
Pacific, Canadian Pacific and Pennsylvania.
Great Northern preferred rose 9h, North
western A, General Electric 1, Pittsburg Gin
cinnati Chicago St. Louis III, the preferred
~, Nashville, Chattanooga st. Louis g.
New York, New Haven & Hartford 1A and
westinghouse Electric I. Wheeling & Lake
quiet again at and below the hest Ronds
were steady.
Pressure in Spots.
! Some active stocks were subjected to pres
sure at intervals, st. Paul reacting point
from the best and Reading weakening again to
| below yesterdays closing figures These recess
S1ons only affected nd small part Of the list
In the meanwhile selling higher than before.
| sensational movements continued to be made
IN the gilt-edged division, Great Northern pre-
In Northern Pacific ~, st. Paul preferred 2A,
| Pacific Coast second preferred 2 and Kansas
City Southern preferred, Canada Southern the
Havana Electric stocks, Railway Steel Spring
preferred, Consolidated Gas, Sugar. Colorado
Puel. United States Steel preferred and smelt-
ing 1 to TX.
| Market Hesitates.
| Very little inquiry existed for the standard
| stocks in the late trading outside of Canadian
Pacific and United States Steel, which were
| DOuSuL AAcc4y. 1ue market showed QeS1Cat1On
and operations in the high priced stocks were in
| mall volume. Canadian Pacific improved 3M,
| Evansville & Terre Haute and Twin City Rapid
| Transit and Duluth, South Shore & Atlantic
preferred, United States Steel, Alis- Chalmers
preferred and Sloss- Sheffield Steeel 1 to "
National Enameling preferred lost in ALL
Mailing preferred and Virginia Carolina Chem.
zeal preferred ~. At 2 o'clock Louisville &
Nashville and New York Central shot up 2A
| and Chesapeake & Ohio a Point.
| The advance in Chesapeake & Ohio reached
~; Pennsylvania advanced to 145, where q
1O, 900 share block absorbed. Baltimore &
Ohio, Missouri Pacific, Minneapolis, st. Paul &
Sault Ste Marie and Republic steel preferred
also rose 1; realty IN; Hooking Valley pre-
ferred and sugar preferred ~; st. Joseph s
Grand Island first preferred, ~; Norfolk &
Western preferred, st. Louis Southwestern pre-
ferred Chicago, St Paul. Minneapolis & Omaha
and American Tobacco preferred 2, and Ameri
can express 10. National enameling was forced
down 8, the preferred and Pere Marquette
preferred /. Profit taking made some inroads
on prices all around in the late trading, bu
offerings diminished on the declines. Delaware
& Hudson fell back to PIG and Illinois Cen
trail lost 1A. Chesapeake & Ohio Louisville
Nashville and Canadian Pacific rallied to thu
best. The close, however, was somewhat IT.
regular and very active.
Stock quotations reported for The Journal by
Watson & Co., brokers, Chamber OF Commerce
Minneapolis. Closing figures are bid.