The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-12
STRENGTH MARKS
STOCK MARKET
OPENING IRREGULAR, BUT UP
WARD TREND Is SOON SEEN.
Confident Buying in Standard Stocks
and in the Grain Carriers, Including
500 and st. Paul, Are Early Features
Temporary Decline Gives Way to
Rally.

New York, May 1.-THE opening In stocks
was slightly irregular, but the declines We're
few. The principal gains were in the industrials
and specialties The Pittsburg Coal stocks We're
up LIS for the common nd1 " for the preferred
Union Pacific and Amalgamated Copper gained a
point; Louisville & Nashville, Chesapeake s. Ohio
Rubber Goods and Lead large fraction. Con-
solidated Gas dropped g. metropolitan Street
Railway declined large fraction.
The tendency upward became definite, the conf
dent buying OF several of the standard stocks
serving to effect degree of strength into the
entire market. Business was somewhat larger
than recent averages In the grain-carrying stocks
st. Paul, Louisvie & Nashville, st. Paul, Min
neapolis & Sault Ste. Marie preferred, Kansas
4 Texas preferred the st. Louis Southwestern
stock, Union Pacific preferred, Baltimore Ohio,
Ontario 4 Western. Pacific Mail, Lead, Distill-
ers' Securities and Biscuit improved to "a and
Lead 2. Union Pacific and the local municipal
stocks were sold on the rallies causing reac-
lions elsewhere before II O'Clock. Union Pacific
and Metropolitan Street Railway were driven
a point and Consolidated Gas 8 below yester-
days closing.
Consolidated Gas lot points on Its dividend
reduction. and Brooklyn Union Gas 10. Great
-No;.nern preferred fell 4, Northern Pacific 2
and Metropolitan Securities 1. A rise of IN in
st. Paul started an advance in railroad stocks.
st. Louis Southwestern preferred 2% and
Missouri Pacific, Wabash preferred, Northern Pa
chic, Denver u Rio Grande preferred, Pittsburg.
Cincinnati Chicago & st. Louis and Baltimore
Ohio gained to IN. There were gains of
to IL in Tennessee Coal, Colorado Fuel, Re-
public Steel preferred, Virginia Carolina Chemi-
cal preferred Smelling preferred and Lead pre-
ferred l. Smelling rose 2A and Lea 8. Bonds
were firm at noon. 'r s'' .'.
Extensive buying for both accounts began after
MIDDAY and for an hour the volue of business
was large. There were but few laggards, the
strength permea ting to more or less degree the
enure list. Conspicuous features were the Penn
svlVan1a group, New York Central, the South.
westerns the Metal and Railway Equipment
stocks and st. Paul. ST. Louis Southwestern pre-
! ferTed rose An, Central Railroad of New Jer
sey 3A, st. Paul, Tennessee Coal, Kansas 6
Texas preferred and numerous others a point
| or more. H.. .-r
Realizing caused a sharp reaction but prices
| turned upwards again before the end of the
hour. There were some newcomers amongst the
late gamers, notably Union Pacific and United
states Steel, which got up point or more
Smelling extended It's rise to 3ss and Wisconsin
Central stocks, Baltimore & Ohio, Ice preferred
virginia Carolina Chemical, Linseed, Sugar
Anna lgamated Copper and Smelling preferred
showed gains of between and s.
~, Closing quotations reported for The Journal b,
WATSON q Co., Chamber Of Commerce, Mime
| dpOllS closing figures hid