The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-10
SCANIY INQUIRIES
ENCOURAGE SALES
BUT RESULTANT DECLINES IN
STOCKS ARE SMALL.
Tennessee Coal Prominent Feature Of
the Early Market Other Iron and
Steel Stocks, Excepting United States
Steel, Rally, and the General Market
Follows.

New York, Feb. 1O--sharp fractional ad-
vances in the local fractions, with Manhattan
up q, are the features OF the opening stock
market today. The trading in the general list
was quiet and at small variations from last
night. The quotations for the majority OF
standard stocks We're unchanged from last night
and Ontario & Western was lifted rs
Stocks We're pressed for sale, the scanty In
quiry at the opening encouraging sales TO.
both accounts. Resultant declines were small
and the market received support when the lead
ers averaged half lower. Tennessee Coal leaped
into prominence, the tape being largely, given
over to its transactions the rise to 7Sss.
Other iron and steel stocks rallied, except the
United States Steel stocks, but the general
market came up but slightly. At IL o'clock
St Paul, Union Pacific, New York Central and
Reading were selling fraction over yesterday 9
closing, but number Of other railroads were
still ruling below. improvements occurred of =
points in Federal Mining ard Ann Arbor, 4 in
the Ann Arbor preferred and 1 to 1 y in Anal.
gamated Copper, Colorado Fuel, Sloss- Sheffield
Steel, Steel preferred, Lead, Federal Mining pre-
ferred and Virginia Carolina Chemical. Colo
RADIO Fuel preferred opened 10 points of and
Third Avenue, New York, Chicago & st. Louis
second preferred and Colorado & Southern Sec
The specialties continued the favorites, but
the whole market was quieter. The rise in Re-
public Steel preferred reached 2ss. Texas Il Pa
cihc Land Trust 2h, Virginia Carolina Chemical
"a and Erie first preferred, Minneapolis, ST.
Paul & Sault Ste. Marie, Enameling, Republic
Steel and Consolidated Gas 1 to IA. St. Paul
preferred lost n, Reading second preferred II
and United Railway Investment preferred l.
Bonds were steady at noon. 49,. =. +
The United States Steel stocks overcame their
sluggishness Of the opening, and on purchases
OF 5000 shares and upward both classes of
stocks gained point each. Pressed Steel Car
and Steel Foundries preferred made similar
rise. and Tennessee Coal also went more than
point higher. Western railroad stocks were
neglected and the market in general was at a
standstill aside from the speculation in the
metal group. United Railway & Investment pre-
ferred dropped points in all. #
Occasional outbursts of feverish buying in the
specialties relieved the market from its inert
ness from time to time, but these demonstra-
lions did not dissipate the general heavy tone
its gain. to over points, Federal Mining pre-
ferred gained 21a, Pacific Mail 1 "a and Rubber
preferred and Kansas City Southern preferred L.
Colorado Fuel & Iron preferred, which had made
an early slump Of 10 points on one transac-
ton, more than recovered its loss on the next
purchase Leather preferred yielded 1.
Attention remained centered in specialties, also
st. Paul was pulled up an extreme H. Great
Northern preferred jumped T. Hooking Valley
rose IL and Minneapolis st. Paul & Saut Ste,
Marie 3A. Republic Steel preferred made it's
gain 5A, Tennessee Coal 5N. Linseed preferred
3, Republic Steel, Sloss- Sheffield Steel Pressed
Steel Car and North American 2 and Car and
virginia Iron 1. The United States Steel stocks
made fractional additions to their price Long
Island fell 1. The active industrials neld well
at the top and the closing was firm
Stock quotations reported for The Journal by
Watson s. Co., brokers, Chamber of Commerce,
Minneapolis. Closing figures bid.