The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-17
GREAT NORTHERN
MAKES BIG JUMP
GOES UP FIVE POINTS AT OPEN
ING OF THE MARKET.
Early Trading Was Broad and Active
with Advances in Several Cases-A
Reaction Follows Liberal offerings-
Market Was Variable at First, but
Quoted Down Later.

\ New York, April 17.-Stocks opened the week
with wide advances In many of the speculative
fayorites, and few of the less active stocks
made struggling declines. Great Northern
Jumped points, Atlantic Coast Line 8, Louis
Vile d Nashville and Tennessee Coal Ia, ILL
nois Central III, st. Paul and North American
~, and Union Pacific, Canadian Pacific, Erie,
Steel preferred about a point. There were large
fractional gains In several cases. Trading was
broad and active and the strength widely dis
tributed.
Liberal offerings came out on the advance and
the market reacted. Union Pacific, Illinois Cen
trail, Atlantic Coast Line and Tennessee Coal
fell off l to u and New York Central was
driven s, point below Saturdays closing; St.
Paui's upward progress was not interfered with
seriously by this selling, and it reached 17SA.
Some comment was aroused by the counter
movements Of st. Paul, Union Pacific and New
York Central. Industrial specialties were active
ly traded In and in general showed good gains
Up to II o'clock the market was very variable
and trading became quieter. st. Paul ran on a
point Chicago Great Western preferred and
can Detinnfng improved ~ Ito IA, and Erie first
preferred, Delaware & Hudson. Colorado Fuel,
Linseed preferred and the, United States Re- Re-
cinnati, Chicago & st. Louis, Minneapolis, st.
Paul & Sault Ste. Marie, United States Rubber
preferred, and Railway Steel Spring preferred
lost / to 1 ~. s.
Stocks came out freely during the second hour
and the market became decidedly weak. then
rallied vigorously and became quiet. Require
ments of speculative operators in wheat were
supposed to induce the selling. Union Pacific
was forced ~ and Smelling 21s under Satur-
day, and both made full recoveries. st. Paul
lost all but fraction Of it's gain and then
rose again to 1871 Baltimore & Ohio, Westing-
house Electric and Consolidated Gas lost l to
IN and the average level Of prices got below
last week. Atlantic Coast rose fraction high
err than before. There were gains in Nashville,
Chattanooga & St. Louis of 3. United States
Reduction IN, Pipe preferred 2, Virginia Iron
& Denver City Stamped Il The tone was dull
and heavy at noon. Bonds were generally steady
at noon. r1E.lt.s
The market leaders did not vary much between
IL and O'Clock, but the tone was better. In
active stocks auctuated widely, Chicago Great
Western preferred jumping over and Wooden
8. North Western and General Electric broke
and Consolidated Gas 81.
Effective buying was limited to few stocks
during the afternoon, prticulrly st. Pull. Atlnt1c
during the afternoon, particularly st. Paul, At
lantic Coast Line and United States Steel pre-
IRENE rise was 25s and 51a respectively, and
United States Steel preferred reached 1O4Sss
Railway Steel Spring got up above 40 and Mex.
lean Central gained point
The heavy demand for the United States Steel
stocks sustained the market for a time. The
common stock rose 1h and the preferred to a
new high level at 1919 Atlantic Coast Line
touched 1853 before reacting. Proft-taking ulti-
mately carried prices back. Union Pacific got
down to 1874 when the decline was arrested.
Brooklyn Union Gas broke 4. United States
Steel preferred recovered to the highest and
there were other rallies The closing was heavy
and uncertain. .. 2.-4 ID 5. 81. ..<.. = 4.
Stock quota lions reported for The Journal b!
Watson & Co.. brokers', Chamber Of Commerce
Minneapolis Closing figures and bid.