The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-22
NEW YORK ls,IOCKS
TAKE BIG JUMPS
FRACTIONS, IN ENORMOUS DE
MAND, MAKE BIG ADVANCES.
Rumor Says Metropolitan Street Rail
way Has Changed Hands st. Paul &
500 Among Northwestern Stocks to
Profit by Markets Strength Money
Rates Have Slight Effect OH Prices.

New York. Dec. 22.-The feature at the open
ing of the stock market todayswas the aggressive
strength of the local trac lions. Blocks of thou
sands of shares of these stocks changed hands
at substantial increases yesterday, the rise
reaching Joints In Metropolitan Securities ~:
in Metropolitan Street Railway. 2 in Third Ave-
nue. and nearly a point in Brooklyn Transit. The
market otherwise was irregular with fractional
losses predominating. .ss
After good deal of wavering and an extern
sive rally iii the local fractions the market began
to rove with more uniformity upwards but
made little progress outside Of the stocks which
were in special demand
Z 81. raul, Reading, Baltimore 4 Ohio and
pennsylvania were taken hold of III turn and
carried strongly upwards. The industrial group
was Quieter and less Of feature than for a
long time Baltimore & Ohio and Virginia Car
ollna Chemical advanced 2. st. Paul. Reading
and Plttsburs Cincinnati. Chicago ~ st. Louis
q and pennsylvania Norfolk & Western, Ches-
apeaKe Il Ohio, Colorado & Southern second pre-
ferred. Lake Erie & Western. Cotton Oil and
linseed l to n. American Hide & Leather pre-
TERED continued Yesterdays big break and lost
nearly = points, but made up good deal u
its decline S.-...
The money rates had only II transient effect
ON prices the appearances Of large orders EfoI
Southern Pacific and local fractions and United
states Steel stocks effcctually overcoming the hes
ltat1on OF the list. Trading. broadened consid-
erablF but the strength was of rather more
congested character, running more particularly
TO the PENNSYLVANIA and local group. Metrcpoli
LIN 9sCuii LES gained . points, metropolitan
Street Railway AZ, Pittsburg. Cincinnati. Chi
cago st. Louis Ok 1.-THE preferred 2h Kansas
City Southern preferred 31a. Long Island 3
minneapolis, St. Paul & Sault Ste. Marie 2
smeltlng and Sugar L and Southern Pacific
Peoples Gas and Colorado Fuel 1.
Bonds We're steady at noon.
kumors that control OF the Metropolitan STREE
hallway system had passed. to the lnterboroug.
interests attended the excited buying of the lcca
traction stocks. At the high prices night
gains reached 11a in Manhattan. IA in Brook
lyn' Transit. ~ iii Metropolitan Street Rail
way. = IN Third avenue and Sas in metropolitan
Securities. On the curb Interborough jumped
over 10 points to 240 The general marke
shared but moderately in this exhibition O.
strength, and showed heaviness in spots, lllinoi
Central losing a point. Union Pacific wa
moved up /, General Electric 2, Lake Erie 6
Western and North Western preferred 3
Heavy realizing in the Metropolitan stocks com
menced shortly before / o'clock and the genera
market became dull and easier. METROPOLITAN
Securities reacted 3.
Interest in the market was gradually extend
| ed. and along in the afternoon the western rail
road stocks began to get prominent. Unio
Pacific returned to 1491a. its top level Of tn
week, and Atchison was also heavily bought
There was less animation to the local Traction
stocks, but they We're relatively steady at abou
point below their best prices.
final squirt to near 143 by Pennsylvani
occurred before the general market broke shar,
ly under the liquidation of, Illinois Central an
the weight of realizing in the Metropoita
stocks and Union Pacific. The Metropolis
stocks fell 3@3h from the highest and Illinoi
Central ruled ~ below yesterdays close 9th
erwise reactions in important stocks ran to
point Northwestern exceptionally went
3h and the preferred 81 In the final dealing
the market picked up again and the closin
was strong -. -. / 80 .'''a
! Stock quotations reported for The Journal b
Watson 4 Co.. brokers, Chamber of Commerce
| Ml1neapol1s. Closing prices are bid. ...