The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-07
'RUMOR R OF PEACE /
HELP STOCK MART
500 SHARES AMONG THOSE IN.
CLUDED IN OPENING GAINS.
Large Orders in Bituminous Coal Stocks
Market Broadens Later and AL
Stocks Were Brought into the Up
ward Movement, Tho Some Leaders
Remained Unresponsive.

New York, Feb. 7.-Peace rumors strength
ened the LONDON stock market this morning and
helped the local market. Opening gains ran to
about a point In Union Pacific Minneapolis, st.
Paul Sault Ste. Marie, Kansas City Southern
preferred, Metropolitan Street Railway and Ten
nessee Coal, and to q large fraction In United
States Steel preferred Tobacco preferred, Man
haitian. Ontario & Western Pacific Coast and
Biscuit. United Railway Investment preferred
rose points The volume OF business was
moderate.
Uniform price movements ceased after the
opening dealings, prices OF representative stocks
falling while obscure specialties rose The Met
ropolitan stocks were realized on heavily and
sold about point below yesterday 81 closing
althO Peterborough Rapid Transit rose = points
on the curb. Reactions in the railroads were
not large apart from Hooking Valley preferred.
which yielded and New Haven 212. Buying OF
some less active stocks resulted in Pacific Coast
Minneapolis. ST. Paul & Sault Ste. Marie stocks,
Chicago Terminal, Chicago Union Traction pre-
ferred, Texas Land Trust, Federal Mining pre-
ferred, Smelling Sugar, Realty, Leather pre-
ferred, Corn Products, Biscuit Adams Express
and Pullman 1 to 2. Large orders were placed
in the bitumt nous coal stocks, especially Cnesa-
peake Ohio and Norfolk q Western nt.. wn'ea
Western and Atchison gained l..
The market broadened and all stocks were
brought into the upward movement, Dut some
Of the market leaders remained unresponslVe.
The rise in Norfolk Western extended to
~, Atchison H. Illinois Central N, Consoll-
dated Gas 3A, Brooklyn Union Gas 8, Leather
preferred az, Tennessee Coal 2h and Pennsyi /
| vania, Hooking Valley North Western, Mammal
| tan, Colorado Fuel and Peoples Gas !. Ihiro
Avenue declined ~ and Chicago, st. Paul, Min
neapolis & Omaha 2. -
| Bonds were steady at noon.
Low priced industrtals apparently AFFORDED
better field for successful turn than the rail-
road stocks. In the early afternoon the buying
centered largely in the metal stocks altho Un1tec
States Steel did not benefit appreciably from the
i demand. Tennessee Coal, Beet Sugar preferred
and Rubber preferred gained points and Colo
RADIO Fuel, Lead, sloss- Sheffield: Steel preferred
United Railway Investment, North American
Rubber New York, Chicago & st. Louis ant
Chicago Terminal preferred to 2
Different stocks were advanced to cover pront
| taking elsewhere. This maneuyer gave the mar
ket somewhat irregular appearance, but TN
general undertone was firm. North w esterI
| moved up ~ and New York Central st. Louis
Southwestern preferred, Chicago Great Western
i preferred B, Rubber Goods and Republic Stee
! preferred to 1 u, Grass Irvine fell l.
| Reading made a belated rise OF point, Atch
ison rose an extreme IN. the preferred
/ North Western 3as, st. Louis Southwestern pre-
| ferred 21h Delaware & Hudson IA, TENNESSEE
| Coal f. Sloss- Sheffield Steel and General Elec
| trio Weolen Steel Foundries and Hide ant
! Leather preferred l.. The late, advance was me
| by realizing which carried prices back frac
! ton. Metropolitan Securities fell z under las
| night.
| Stock quotations reported for the Journal b!
| Watson & Co.. brokers, Chamber Of Commerce
Minneapolis. Closing figures are bid.