The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-15
UYING OFFSETS
PROFIT.TAKING
DvANCEs THE RULE AT STOCK
MARKET OPENING.
rofit Taking Sets Prices Back. but
Buying Orders Come Out and Prevent
Declines of Importance specialties
in Favor with Gains at Several Points.

New York, Aug. 15.-Moderate fractional
ains were the rule today at the opening on
'road and active stock market. United States
Z subber gained point and Reading, New York
entral and Kansas & Texas large fractions.
iains extending from IA to u were made in a
i lumber of stocks.
Overnight advances melted away when profits
were sought, but there were abundant buying
riders around yesterdays closing figures and
|ery few stocks fell below that. Such losses
S occurred We're recovered and prices generally
cached a higher level. Wabash preferred,
Sock Island, Southern railway and Wooden were
leayily bought. Great Northern preferred and
Wabash preferred gained and the Wabash
stocks, the Kansas City Southern stocks,
Wheeling & Lake Erie first preferred Mime
apolis, st. Paul Sault Ste. Marie, Lead and
Tobacco preferred /. There were some points of
weakness among the minor specialties. Cen
aral Electric, Bag preferred, Alis Chalmers
preferred and Iowa Central preferred lost a
point each. Northern Pacific dropped two
points in contrast to the general steadiness Of
the trans-continental stocks. ..
An active demand for New York Central car
ried 1t up IN, but railroad stocks a whole
were inclined to droop Some of the minor
Texas preferred rising point. Specialties were
In favor and gain Of 23s by Locomotive car
ried other railroad equipment stocks with it,
Pressed Steel Car rising point. American
Snuf sold at an advance of 10 and the prefer
red 4. Smelling rose tx and Pullman, the
Central Leather stocks, Corn Products Colorado
Fuel and Minneapolis & st. Louis and Virginia.
Carolina Chemical preferred rose to 1 ". Cen
trail Railroad of New Jersey and Delaware &
Hudson fell 2h, and Federal Mining and
United Railway Investment 1. Great Northern
preferred sold at 31s. Bonds were firm at
noon.
A LOWER TENDENCY.
Confused dealings and a lower tendency pre-
vailed after midday despite the concentration
of bullish activity in the railroad improvement
and other specialties While the railroads did
not sag much all efforts to advance them were
met with stock to sell. Delaware & Hudson
extended its loss to four points and Pullman
lost 2, United States Pipe preferred III, Du-
luth South Shore & Atlantic preferred 1. The
gains ran from 1 to liz for American Car,
Metropolitan Street Railway, Tennessee Coal.
Des Moines & TT. Dodge and Pere Marquette
preferred. ST. '-- .'. 49,
Stocks yielded with less resistance during the
afternoon. The principal grangers, coalers and
some specialties were bought at large fractions
below yesterdays closing. Business increased
considerably during the selling. Missouri Pa
cifc Ontario & Western and Westinghouse Elec-
trio lost point
Partial Recovery.
Prices made some recovery as the bear traders
were discouraged by the small success In dislodg.
ing stocks. Locomotive preferred and Kansas
& Texas rose 1, the preferred 2A and Amer1-
can Telephone 2%. Lackawanna dropped 10
points. Evansville & Terre Haute lost and
Sloss Sheffield Steel and Baltimore & Ohio pre-
fererd 1. The closing was firm and dull.
Stock quotations reported for The Journal by
Watson & Co., brokers, Chamber Of Commerce,
Minneapolis. Closing figures are bid.