The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-13
PRICES OPEN HIGH
But Don 4 HOLD
FEvERIsHNEss DEVELOPS AND
MARKET PLAYS sEE-sAW.
st. Paul Is an Early Morning Feature
with Rise Of 2ss-soo Also Shows
Strength Proft-Taking, However,
Cuts Prices Down and Trading Be
comes Dull.

New York, July 18-opening prices were
higner WITH put one or two unimportant excep-
lions. Ihere Were some large blocks taken Of
the principal active stocks, including Northern
Pac1hc. That stock, Rock Island, North Western,
smelling and Consolidated Gas gained about a
point, and Norfolk & Western ". sloss Sheffield
steel fell " and Pittsburg Coal point.
INDEPENDENT fluctuations confused trading SEN
tlment and business fell off to almost nominal
proportions after the opening orders were ex.
scuted. Prlces sWerved downward after the first
lew minutes and then huctuated nervously
heading was under constant pressure even tho
pennsylvania was strong selling up to a143b
Inc transcontinental group advances of to z
points In Great Northern preferred and Northern
Pacific Were obliterated and St. Paul and JJnior
racine were driven fractionally below yester
days closing. Atchison on the other hand was
n u point Atlantic Coast Line moved ur
Pacific Coast preferred i. Chicago, St. Paul l
hi!nneapohs d Omaha declined ~
Inc tendencies Of the market were mixed
advances in special stocks meeting with a bull
response IN the general list St. Paul was thu
deature, with rise of 2%. The preferred ROSE
= Illinois Central and Norfolk & Western 1
a aarra Amaigamated Copper Great Northern pre-
1erreu.' MihneapolistSts Paul & Sault Ste Mari,
and Denver & Rio Grande preferred i Othe,
advances were Kansas City Southern preferred
i9s, westinghouse Electric s, Knickerboeker Ic,
20 ana "a Hlde Leather preferred 2A. Della
ware q duuson lostzlb, Pullman Is and Lack
aWanna 0. The evident desire to take profit
on available opportunities checked the advance
ana tne market became heavy. Bonds were If
regular at noon. =
organized resistance to the continuous sellin
| that met all advances apparently eliminated, a
81 faul had struggled up to 1925, and in tn
ensuing rev minutes it was forced back ~
while Northern Pacific broke to 200. The morn
ing rise In Illinois Central was wiped out, an
| SUCH leaders as Louisville & Nashville, Souther
Pacific, Union Pacific and United States Stee
preferred were quoted h@% under yesterday
maj ngures Brooklyn Transit lost point
| quite sprtnkling of obscure stocks advance
] energet1cally, Pacific Coast gaining /, the sec
ond preferred IL, Federal Mining preferred IL
United Railway Investment 81 and Knickerbock
er Ice 81: IS $3.50 ~ ~ 80 :
The apparent Indifference, to- the course q
prices chilled speculative enthusiasm, and stock
We're leu out more literally Union Pacific
Southern Pacific, North Western, Kansas. & Texa
preferred and Tennessee. Coal were forced dow
l TO LIS below yesterday and the general list
1factlon. partial recovery occurred before
CLOCK, but 1T was poorly maintained
81 Paul was marked up to the top agar
Union non racine rallied point and Southern Pa
enc sold up to n over last night This prove
lneTect1ve again to hold the market, and price
snpped back. Tennessee Coal lost BIZ. SIM
~ and Baltimore & Ohio New York Contra
| Great Northern preferred, Wisconsin Centr,
preferred, Metropolitan Street Railway and R,
puonc steel preferred l. Northern Pacific sol
Gown TO 1913 There was gain of / for S
Joseph q Grand Island and of for westin,
house Electric first preferred. The average lev
i OF prices reached the lowest of the dav.
I nnal rally In st. Paul steadied the market. br
the closing was dull and heavy.
| STOCK quotations reported for The Journal
/ watson q Co.. brokers. Chamber of Commerce
hlnneapons Closing figures are bid.