The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-16
PACIFICS LIFTED
GENERAL,MARKET
THOUSANDS OF SHARES OF FA
VoRITEs TAKEN EARLY.
Realizing Followed and the Market
Weakened Northern Securities Be-
fore Noon on the Curb Sold Up to
148-Iron and Steel Make Good
Showing.

New York, Jan. 16.-The majority of stocks
today started higher than on Saturday, but
there We're few important exceptions, includ-
ing Pennsylvania, Baltimore g. Ohio, st. Paul
and Rock Island. The taking Of 5000 shares
of Union Pacific lifted 1t a. There were gains
of about point in Louisville & Nashville,
General Electric and Pacific Mail, and of 9s In
Smelling.
Business during the first hour was very
active and especially in Union Pacific and
Southern Pacific. The steady absorption OF
thousands. of shares Of these leaders had an
inspiring. effect on other stocks, and the en-
tire market responded sharply. Stocks identi-
fed with the iron and steel trade made q good
showing. The principal advances were st. Paul,
Nashville, Chattanooga & st. Louis, Nat1onal
Railroad Of Mexico preferred Chicago Union
Traction preferred, Colorado Fuel, Smelling
Westinghouse Electric and Knickerbocker Ice
preferred, l; Union Pacific, Pressed Steel Car
and Duluth, South Shore & Atlantic, IA; the
preferred, Cleveland, Cincinnati, Chicago & St
Louis, Steel Foundries preferred and Anal
gamated Copper rs. Northern Securities or
the curb sold up to 14S. Realizing sales be-
came effective toward IL O'Clock, and the en-
tire market weakened. & Amalgamated Copper
| and. st. Paul gave way a point, and Illinois
Central Manhattan, Metropolitan Street Rail
way and Knickerbocker Ice sold as much below
aSturday's close. ~ Union Pacific sagged below
100.
| Various specialties were bid up vigorously
at intervals particular ythe leading meta
| stocks. United States Steel preferred was lifted
| TO 20 ana tennessee Coal also gained a point
The railroad stocks were rather quiet around
midday, but were, ruling well up to the best
The Wisconsin Central stocks rose point
and North Western fell off as much.
Union Pacific met pressure above 12O, but
| contested it, and got up to '1201a. The genera
| list showed some hesitation, especially thu
coalers and eastern railroads. Baltimore
Ohio was carried down a point. Minneapolis
| St. Paul & Sault Ste. Marie and Mailing pre-
| ferred lost L; Missouri Pacific, Norfolk g. West
ern preferred, Union Pacific preferred, St. Louis
Southwestern preferred, Chicago, St. Paul
Minneapolis & Omaha, Peoples Gas, Sugar, Corr
Products, Paper preferred and Brooklyn Transit
| rose to LIZ. Bonds firm at noon.
| Stocks were under pressure during the greater
part of the afternoon. Practically all Of the rise
in Union Pacific was lost and Southern Pacific
was driven below last weeks close. Des Moinef
& Fort Dodge "lost 2. Prices stiffened agar
before 2 o'clock. -.f
| Reading came into prominence late in the day
with a rise Of n. General Electric was lifted
! 2B, Westinghouse Electric a1a and Steel Foun
dries preferred 3. These advances did not helI
| the rest of the list, which was heavy, and in
clined to yield, Virginia: Carolina Chemical pre-
ferred lost l.. Union Pacific dropped back to be
low Saturdays level and st. Paul and South
ern Pacific lost darge fractions from that level
| The closing was easy and rather dull
Stock quotations reported for The Journal b.
Watson Il Co., brokers, Chamber of Commerce
Minneapolis. Closing figures are bid.