The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-21
MARKET SHOWED
SWIFT ADVANCES
- -. = - = 49, -
sLoss-sHEFFIELD STEEL LED IN
THE EARLY TRADING.
Amalgamated Copper Was Taken in
Large Blocks at Rising Prices-U Union
Pacific Again Shows Strength and
Leads in Railroad Gains Bonds Are
! Irregular.

New York, Feb 21.-The stock market today
opened strong and very animated ss-Sheffield
Steel was the sensation with rapid rise of
l2h by jumps of several points between sales.
Elghty-hve hundred shares of Amalgamated Cop
per sold at 76h and 76M compared with 75M
iast night There were gains Of about a point
In Smelling, Baltimore & Ohio, New York Cen
tral and Missouri Pacific and of large fraction
in Norfolk & Western, Southern Pacific, Re-
public Steel and Colorado Fuel. Isl
Opeeing advances were largely extended in
the group of southern iron and steel stocks,
which have been mentioned in the combination
rumors. Sloss- Sheffield steel got up 1875. Ten
nessee Coal and the Republic Steel stocks
IL and 2as respectively. After some hesitation
consequent of the decline to below 100 In Union,
Pacific, railroads became strong and rose Wig
orously. especially the q southwestern group
Amalgamated Copper, United States Steel Erie
and Ontario & Western we're bought heavily
and the entire market rose strongly. Union
Pacific rallied to 1914 and Missouri Pacific and
Alnalgamated Copper nearly points.
The movement in Union Pacific up to 1925
spent Its force without great effect on other
prices. St. Paul's rise did not exceed a frac-
ton. Kansas & Texas Rock Island preferred,
Toledo, st. Louis & Western preferred and the
New York public utilities rose a point or more
and Pipe II Afterwards realizing csnsed a
setback. Reactions ran to point in a few
cases. The rise Of Reading to 961s on heavy
buying pulled prices UP again. Bonds were
irregular at poon. s"a~s T. s-..
Union PACING was pushed up again dgSFesSlVely
to a record level at $133b and Sloss- efield
Steel scared than 81 points over last
night. The United. States Steel stocks were
lifted fraction higher than before, but the
market showed the effect Of realizing thru the
list. Ontario & Western reacted ~. st. Paul
was carried back to below last night and Lead
fell 2A below last night. Prices rallied before
2 o'clock ,, ..-- - -
Selected stocks were taken hold Of from time
to time, and after momentary appearance
Of strength and activity were allowed to sink
into the background and others pushed forward
as leaders. Ontario & Western followed Read
ing's lead and touched 55at. Delaware Hud-
son then came into demand with rise Of 81.
Union Pacific moved up steadily until it reached
1929. approximating its record price made dur
ing May, 1901. Sugar was taken freely and
touched 145A. Some Of the other important
Eastern 81, Great Northern preferred 2, Knick-
erbocker Ice 2h and Southern Pacific, Central
Railroad Of New Jersey, Illinois Central and
Locomotive preferred / to IN. Iowa Central
and Wheeling Lake Erie second preferred
ran of point.
Heavy realizing unsettled the market, Union
Pacific yielding point, but renewed strength
developed and checked the inroads Great North
ern preferred rose 3 points to 800 and Laeka-
wanna gained 8. Texas & Pacific extended its
gain to 2, Tennessee Coal and Internat ional
Power IN. Federal Mining fell IN and Paper
III. Union Pacific touched 1874 the rebound
The realizing continued to the last and the
! closing somewhat irregular but exceedingly
active. -
Stock quotation reported for The Journal by
Watson 6, Co., brokers', Chamber Of Commerce
Minneapolis. Closing figures are bid