The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-31
STOCKS OF OMAHA
CONTINUE TO SOAR
ADVANCE % AND 35 POINTS ON
SINGLE TRANSACTION.
Stocks All Favorites in
Wall Street Today Deals Fluctuate
Wildly in Fields Affected by Rumors
Of Developments-st. Paul Feels
Effects Of Vanderbilt Buoyancy. +.

New York, Jan. 31.--Large realizing In Union
Pacific made the opening in that stock today
weak and affected the tone of the general market
in sympathy. There was a share OF gains, but
they were small and inclined to yield. Offer
insp of Union Pacific were Of 10000 shares.
which sold at 121A and 122, compared with 123
last night. Erie and Louisville s. Nashville de-
clined p. Chicago, st. Paul, Minneapolis
Omaha showed an advance Of 3A and North-Wes-
tern preferred rose point
Stocks which have been mentioned in connec-
ton with the rumOred important developments
snd deals fuctuated widely during the early
trading Chicago, st. Paul, Minneapolis &
Omaha continued its recent buoyant. course,
touching ll, ~. rise Of Il points. New York
ferred 2A, New York, Chicago 6 st. Louis
second preferred 21a and Kansas City Southern
e. 9nna & saer1
Peoria & Eastern, Wisconsin Central Atchisons
and Twin City Rapid Transit Company also
rose / to IN. Prominent stocks otherwise raj
lied from the opening depression. Union Pacific
reached 1925. At IL o'clock Pennsylvania began
to share in the heavy buying Of the eastern
stocks and sold at 1884,. 81
The speculative preference was clearly defined
1or properties in which the Vanderbilt holdings
are understood to predominant and the excited
movements in these stocks caused expectation of
some important plan affecting them. Chicago,
st. Paul, Minneapolis & Omaha scored 25 points
single transaction. h-Western gained 6A j,
| the preferred 9, New York, Chicago & St. Louis
second preferred 81, Buffalo Rochester & Pitts
burg preferred and New York, Chicago & st.
Louis, Peoria & Eastern, the Lake Erie & Yves
tern stocks, Delaware & Hudson and Illinois Cen
tral to 2. Missouri Pacific, Amalgamated Cop
per, Tennessee Coal, Republic Steel preferred,
Peoples Gas and Realty rose point or more and
the general list moved upwards, but with some
constratnt. The movement in the Vanderbilts
showed signs Of eliminating when st. Paul was
rushed rushed up to 1873 and United States Steel pre-
ferred advanced strongly. The Pacifcs were
under persistent pressure. Attention was divert
ed from bonds. but they were steady at noon
Traders who protested disappointment over the
regular dividend declared on Cleveland, Cincin-
natl, Chicago & st. Louis promptly sold the
| stock. The price broke from 1O2 to 90 and
created some heaviness in other Vanderbilts.
OMAHA broke Is from the best After a period
Of uncertainty the market moved up again and
was decidedly firm at O'Clock. Further adj
vances were made Of 5 In American Express 4
IN North America, AZ in Peoria Eastern,
| "a in Illinois Central and 1 to u in Sugar.
| General Electric the United Railway Investment
stocks, United States Steel preferred St. Louis
Wes fn agGsco 5st Chicago Great
| Grand Island and Wheeling & Lake Erie second
preferred. Metropolitan Street Railway showed
exceptional heaviness and lost point.
Speculation IN stocks was of more conserva-
tive character during the late session. With the
elimination Of the excited buying and sensa.
ttonal fluctuations in the high grade stocks the
market relapsed into comparative quiet and
steaoelness. Realizing sales made themselves
|
Pacific, which sold of again to below 1922 Erie
nrst preferred reacted over point from the
pest, but the general undertone was good up to
o'clock The Wisconsin Central stocks were
bought steadily at considerably higher prices,
me common touching PAN and the preferred
ooM Reading, Metropolitan Securities and Lin
seed preferred gained point each
There was must profit taking and q number of
reactions Of point or more especially in New
YORK York Central ST. Paul Delaware & Hudson
sugar tennessee Coal and some of the mnol
stocks that had been strong. Northwestern fell
PACK w and the relapse in Chicago, St. Paul
minneapolis d Omaha reached 15A. Union Pa
| cine touched the low price of the day at 121 u
Pressed Steel Car, Steel Foundries preferred
and st. Joseph Grand Island second preferred
lost l. Wisconsin Central preferred rose rap
idly 81, Pacific Coast 2h, Pacific Coast second
preferred and Woo1en preferred X and Louis
vile & Nashville and Leaq,1. Ri, -ftF.fv .29
American Express advanced 10 points Prices
| came up again at some points and at offers the
realizing continued. The closing was active ant
| irregular. "1
Stock quotation reported for The Journal b,
| Watson & Co., brokers, Chamber Of Commerce
Minneapolis. Closing figures are bid, -