The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-10
DECLINES RULED
At The OPENING
FREE REALIZING NOTED IN SOME
RECENT FAvoRITEs.
General Electric, Smelling and Republic
Steel Preferred suffered-Market
Played see-saw for the First Hour,
and Opening Losses Were Recovered.

New York, April 10-The opening movement
In prices WAS irregular, with declines in the
majority. There was free realizing in some
OF the recently strong specialties. General Elec-
trio fell 2 and Smelling and Republic Steel
preferred ~. Canadian Pacific carried up
an extreme y on running sales.
Rallies ana reactions were frequent during
the first hours business. Pretty much all OF
the opening losses were recovered, and there
was all urgent demand for a number Of the
metal specialties Subsequent realizing drove the
market on again sharply, and some Of the varied
railroad stocks sold below their first prices To-
wards II the market became steadier, and Union
Pacific was being taken freely up to 1917. The
principal advances were Locomotive 2, AmalgS-
mated copper y and Car, Lead, Tennessee Coal,
Atlantics Coast Line, Canadian Pacific and Mis-
souri, Pacific 1 to 1S. Paper preferred fell /,
Pullman and Northwestern preferred ~.
Demand reverted to the transcontinental rail.
up 1s points on light dealings. Northern Securi
ties on the curb made record at 1854. Union
Pacific rose rs and st. Paul 1N. There were
gains Of point in Atchison, Illinois Central
Hooking valley, Chicago Great Western pre-
ferred B, Brooklyn Transit and Metropolitan
Street Railway, 1as in Enameling preferred and
~ in Federal Mining: Toledo, st. Louis s
Western preferred and Colorado Southern
western IN. The movement in the general
list was narrow and trading rather dull. Bonds
were firm at noon. -s- g.
Three four stocks divided the most inter
esting movements of the afternoon Aside from
these, speculation was sluggish, with signs OF
heaviness. Amalgamated Copper extended its
advance to ~ and Reading reached 961h. Della
ware & Hudson jumped 81 on comparatively
light transactions, and Atchison rose to 80. st
Louis Southwestern preferred advanced 1 anG
Ice preferred certificates ~. Tennessee Goa
fell back to the low level.
The volume of offerings in Amalgamated Cop
per became larger as the price mounted. but al
of them were absorbed and the market tool
1000 and 2O00-share blocks as readily as i
did the hundreds lower down. BY the time tn,
price had got up to s714 the general market be
gan to show the effect Of the professional realiz
ing. Erie was especially heavy, but the relaps,
elsewhere was small Reading moved counte
to the other coalers, selling up to 95s. Repub
lie Steel preferred, Rubber Goods and Texas
Pacific advanced point, Westinghouse Electric
yielded III. Central of New Jersey and Min
| neapolis, st. Paul & Sault Ste. Marie preferre,
37a, but the last named rallied 21a.
Union Pacific, Atchison and St. Paul rose
| to IN over last week after 2 o'clock, but thos
stocks weakened abruptly before the closing an,
lost their gains. New York Central fell IL
below Saturday, th-Western and Corn Prod
| ucts preferred and Norfolk & Western, At
| lantic Coast Line, Colorado Fuel and Bag pre-
! ferred /. The dip carried the average leve
| below last week, but prices rebounded in tn
| final dealings. The closing, unsettled an
| irregular. ...t,.-..t So =. -...... -.'
| Stock quotations reported for The Journal b
Watson 4 Co., brokers, Chamber of Commerce
| MINNEAPOLIS. Closing figures are hid -