The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-07
.SPECIALTIES MAKE
SHARP ADVANCES
MARKET OPENS STRONG AND
PRICES PUSH UPWARD.
North Western Preferred Feature Be-
cause Of a Large Advance Omaha
Participates in Rise of Western Rail
roads Bull Operators Have Easy
Time in Morning Operations.

New York, Aug. THE opening trading in
the stock market today was conspicuous for
the sharp advances in number OF specialties.
The International railroad stocks We're neglected
In the absence of orders from London where
the stock exchange was closed, and showed small
and irregular advances. Canadian Pacific and
Alton, Atlantic Coast Line, United States Steel,
Pressed Steel Car, American. Smelling, Lead
and Cleveland. Cincinnati, Chicago & st. Louis
rose large fractions
influential stocks participated generally in the
early rise which originated in handful of
speclaltles that have been recently buoyant
Aside from the large orders for the United
States Steel stocks, the accumulation at other
points was not large. The granger group gen
orally was quiet, but st. Paul and Union Pa
cific showed some activity and fractional
Omaha gained 4, Atlantic Coast Line 37s, North
Western Northern Pacific and Great Northern
preferred 2A, Sloss-shefield Steel 2A, Great
Western preferred A IN and Louisville &
Steel preferred. American Car and Sugar 1 to
~: '1s =
The strength of the steel industrials showed
III l-pont gains for United States Steel, Ten
nessee Coal, the Republic Steel stocks, Colorado
ruel ana Pressed Steel Car and IL for Steel
Foundries preferred. North Western preferred
rose = Wisconsin Central preferred N, st.
Louis 4 San Francisco preferred. New York,
chicago u st. Louis, Iowa Central Des Moines
q Fort Dodge and Union Bag. preferred l. The
demand subsidized on the advance but only ise-
lated stocks gave way. Smelling fell back q
| under last week. North Western reacted Il
and Nashville, Chattanooga & ST. Louis, Peoria
Eastern and Wooden preferred lost 1. Bonds
We're steady. There was large absorption of
United States Steel second IS.
Bull operators met little resistance in mark
ing up the specialties and inactive railroads,
but speculative interest continued scanty in the
usual tavorltes. In the meantime the general
market averaged little higher. especially for
the coalers. Northwestern preferred extended
It's rise to ., Sloss-Sheffield Steel Az Republic
steer w, Delaware & Hudson and United
| ta1lwaJ Investment, Biscuit and Duluth South
Shore d Atlantic to IN. Central Railroad Of
| New Je:sey declined l.;
Inc demand for coalers carried Reading, Erie
| hrst and second preferred and Central Railroad
Of New Jersey IA to 1 a over Saturday New
York Central Cleveland Cincinnati Chicago &
st. Louis CARED 15, General Electric ~ and
| st. Paul nearly a point. Altho new points of
strength constantly developed the general stock
list continued rather inert. Corn Products pre-.
ferred lost 2.
Pause in Advance.
Erie Atchison and Illinois Central were car.
ried up point, Evansville g. Terre Haute
! IL, Virginia-C Carolina Chemical IN and North.
| ern Central l. The general upward movement
came to a pause and there some reactions
On profit taking. Locomotive preferred and
disclaimers preferred lost l. Sugar renewed
4, Republic Steel preferred and United Railway
| Investment 3, New York Central IA and Ma
| tional Biscuit and Kansas & Texas preferred owe,
a point. The closing moderately active and
| strong. 20,
! Stock quotations reported for The Journal by
Watson, & Co., brokers, Chamber of Commerce
Minneapolis. Closing figures bid.