The Minneapolis journal., 1905-11-20
.SPURT IN PRICES
MARKS OPENING
EARLY WALL STREET TRANsAC-
TIoNs ARE LARGE.
Industrials and specialties Continue to
Be Conspicuous, but Standard Rail
road Stocks Make Wide Gains-Easy
Money and Quiet in Russia Help Con-
ditions.

New York, Nov. 2O.-There was buoyant
spurt in prices at the opening Of the stock
market on large transactions. The industrials
and specialties were still conspicuous, but many
Of the leading railroad stocks made wide gains
also. Federal Mining jumped 8, the preferred
rs, Sloss-Shefield Steel 1A. Smelling Ia, Ten
nessee Coal and Lead X and Louisville & Nash
Vile, Atlantic Coast Line, ST. Paul, Missouri
Pacific. Canadian Pacific. Sugar, Metropolitan
Street Railway, North American and Colorado
Fuel about point.
Further upward progress was made by all
stocks. but, as for some time, the sensational
movements were largely confined to the Indus
trial speclalties The number of advances fol-
lowing the opening were Federal Mining ~,
preferred and Smelling sls, Atlantic Coast Line
and North American 2H ss-Sheffeld Steel
~, Louisville & Nashville. st: Paul, Brooklyn
Rapid Transit and International Power rs, and
Illinois Central, Northern Pacific, Kansas City
Southern preferred, New York, Chicago st.
Louis Amalgamated Copper, Pressed Steel Car
cost Federal Mining points afterwards. Oper-
ations In the railroad list here were conserva-
tive and number Of prominent stocks got near
to Saturdays level, including New York Cen
trail, Pennsylvania. Erie, Tennessee Coal and
others. Reading was afterwards pushed to 142
A broad and active speculation was reflected
In the operations of the morning, based on the
easy money market and the subsistence OF the
anxiety over the conditions in Russia. Profit.
taking went hand in hand with new buying and
gave some irregularity to the price movement
There were advances in the second hour IN
Reading and Brooklyn Transit of 2as, Tennessee
Coal 27e, United States Realty, Ontario & West
ern and Minneapolis, St. Paul & Sault Ste
Marie 2. Pacific Mail IN, Delaware & Hudson
Texas Pacific Land Trust, Havana Electric and
Central Leather preferred 1 u, and Union Pa
oifc, Baltimore s Ohio, Kansas City Southern,
Locomotive, General Electric and some others
or more. Cotton Oil lost 1. Prices were below
the best and trading became quiet at noon.
Bonds were firm. - ~
Pauses in buying were generally followed by
an outburst Of activity and buoyancy in special
stocks or groups The southern iron group and
Brooklyn Transit received the most attention
an expansion in demand for standard railroad
| stocks Sloss- Sheffield improved Az, Tennessee
| Coal and Brooklyn Transit 3A Northern Pacific.
Long Island and Locomotive 2H, Central Of
New Jersey, Chesapeake Ohio iN aud Rock
! Island preferred i.
Spectacular buying Of various stocks continued
until well into the afternoon before the profes-
sional realizing caused an apprec.aole check ia
/ the advance. There were reactions Of 1918 in
Atlantic Coast Line Louisville II Nashville,
Reading, Tennessee Coal. Smelling and Letomo
| Of business increased later when the market
began to pick up. In the interim gains had
be-, been shown Of 81; in Lceonotiye, ~ IL smelt
Paul and 1@1k in Atchison. New York. New
Haven & Hartford, Iowa Central preferred, Fri,
second preferred, Metropolitan Securities. Rail
way Steel Spring, American Car and Virginit
Iron. j. -
Late advances We're Anaconda 101s, smeltin,
preferred ~; Federal Mining 4ss, Interna tiona
Power AZ, Cleveland, Cincinnati, Chicago & st
Louis TX and Southern Pacific ~ There wa
general profit taking in the final hour, recession
running from to points. Minneapolis & st
Louis preferred sold at a decline Of 5%, Amer
lean Agricultural Chemical preferred IL an
hallway Steel Spring preferred and Einseed pre-
ferred !. There were some rallies, but the clos
Ing was active and irregular.
Watson & Co., brokers, Chamber Of Commerce
minneapolis. Closing figures bid. -