The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-10
ANNA IS
AWAY UP AGAIN
DELAWARE & HUDSON ANOTHER
PROMINENT. STOCK FEATURE.
Buying Of Western Favorites Puts
Prices Up-One Stock After Another
Feels the Effect of Sharp Bidding
Wisconsin Central and Great Western
Show Strength.

New York, Aug. 10.-There We're some brlsk
advances as result Of the opening dealings
In the stock market, but some of the most prom
inent stocks showed small declines Delaware
& Hudson was carried up 11s The first S,ooo
shares Of Smelling sold simultaneously at l29N
and $50, compared with 1924 last night, ana
the gain was subsequently extended to a 1ull
point. National Enameling continued it's down
ward course on the passing OF the ulVldend,
with a loss of 2 points
Standard stocks derived little benefit from
the spectacular rise in of the high-priced
usually inactive stocks, and room traders sold
stocks gradually until the entire market be-
came undermined and general reaction fol-
lowed. Before the decline had attained much
of an impetus Lackawanna had scared to 45s1a,
a 91a-point jump. Delaware Hudson was
quoted 5A higher General Electric, Westing-
house Electric and the Havana Electric stocks
IL to 2A, and Tennessee Coal n. Practically
all of the active stocks fell u to q below
yesterdays closing Northern Pacific. Wheeling
Lake Erie first preferred and Enamel1ng pre-
! ferred yielded 2, Pacific Coast second preferred
III, Sugar and Hooking Valley preferred l u
| and New York, Chicago & ST. Louis and Col
There were good recoveries all around at IL
| O. clock. ..l,-
The recovery in prices came to a halt at
about last nights closing level, altho individual
| stocks continued to advance. Atchison was
| prominent with a rise of IL: New York Central
advanced as much Wisconsin Central gained
~. the preferred 27s, New York, New Haven s;
Hartford 3A, Lead 2 and Pullman and Central
Railroad of New Jersey 1. Delaware & Hud.
son lifted its record-level to 214A. Nortli
er Ice lost /. The market became dull with
the approach of the hour for the publication of
the government monthly crop report. Bonds
! were irregular. l--- o..
One stock after another taken hold of
| and bid up sensationally. The inception Of the
movement lay in the buoyant advance in Della
ware q Hudson, that stock rising over 10
| the western favorites brought good response.
St. Paul rising L. North Western 2 and Illinois
Central points. The other advances were
! New York, New Haven & Hartford, Lake Shore
Southern, Central Railroad of New Jersey 4 4,
New York Central .3A, Chicago Great Western
preferred A and Reading, Ontario & Western
recovered about all of it's morning loss of
points New York Central reacted point an6
Brooklyn Transit fuctuated in very att;
way. Allis- Chalmers fell off 1 and United Rail
| way Investment / y.
/ Prices Fall Back.
4 Speculation became sluggish and irregular. the
boom In tie gilt-edge stocks causing more I'M
easiness than confidence Eventually the ex
travagant bidding up Of the high-priced stocks
ceased and they reacted in common with tn.
general market The advances included 1873
points in Delaware g. Hudson to 224, 1917 il
Lackawanna to 1881, 8 in Central Railroad O
New Jersey to 220. and in Chicago, St. Paul
minneapolis & Omaha to 100. Pennsylvania
Natlonal railroad OF Mexico preferred and Pape
also rose 1. The break in. Delaware & Hudso
carried 1T back from 224 to 216 while New
| haven lost ~ and Illinois Central IN Price
IN the general list fell back in some places t
last nights level
Illinois Central Scars.
Illinois Central made a final fight to 1901
) but transactions elsewhere fell away materially
Delaware & Hudson made / u point rebound
/ Plttsburg, Cincinnati Chicago & st. Louis DIG
ferred rose 80. st. Paul preferred. Great Nortl
ern preferred and General Chemical preferred
International Pump preferred TX, Atlantic Coas
Line, Louisville & Nashville, Minneapolis, st
Paul & Sault Ste: Marie and Steel Foundries Die
ferred' to ". Hooking Valley preferre
dropped 2A and Pittsburg Coal preferred
Michigan Central sold at 40, compared with Il
the preceding sale in May Of this year. st
, Paul was pushed up to 1884 in the final dea
, ings. Prtces advanced quite brisky in con
> pany and ting closingy.Ha active and strong.
+ Stock quotations reported for The Journal b
! Watson 6 Co.. brokers, Chamber of Commerc,
] Minneapolis. Closing figures are bid.