The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-20
LOSSES INFECTED
ON AMALGAMAIED.
OPENING SALES or $500 SHARES
CARRIED STOCK DOWN.
"A Rally Was Met by Renewed Attacks
Which Caused a Further Decline
The Market Was Dull and Heavy,
Making Poor Responses to Advances.

New York, JAM 20.--Opening dealings IN
stocks showed the declining tendency with which
the market closed last night. gaining force;
Opening sales Of $500 shares OF Amalgamated
Copper carried it down u and the price subse-
quently receded lis. Brooklyn Transit lost a
point and there were large fractional declines IN
Baltimore d Ohio Rock Island, Union Paclnc'
Kansas & Texas preferred, the United States
Steel stocks and Sugar.
The opening decline was not extended, buying
orders becoming ample enough to check the
was most effective in the coalers and western
stocks, some of, them rallying to a large frac-
ton over last night. Reading recovered to SS3s.
Brooklyn Transit and the United States Steel
Copper nearly SO. Fresh attacks on Amalgamat-
ed Copper drove it down to 1917, and the mar
ket sold OF again. Near II o'clock the tendency
advances were Erie second preferred, cleveland
CINCINNATI Chicago & st. Louis, Pere Marquette
Duluth, South Shore 6 Atlantic and the Steel
Foundries stocks ! to ~, Kansas City Southern
preferred ~ and Duluth, South Shore & Attain
tic preferred 8N. Rock Island preferred de-
clined /.
The market was dull and heavy and while
free from active pressure made poor response to
advances in individual stocks. Louisville & Nash
vile rose IL and st. Paul and New York Central
point. There were gains besides in Lake Erie
& Western OF 5, Cleveland, Cincinnati, Chicago &
st. Louis Of 2A, North Western az, Atlantic
Coast Line Canada Southern ~ and Chicago.
Terminal preferred and Linseed 1. Delaware g.
Hudson lost 1 and North American 2.
Bonds we're steady at noon.
Except for the large absorption Of Erie, lit
tie interest was manifested in the active
stocks during the noon hour, the speculation
centering in numerous less wellknown prop.
critics. OF these, the Cleveland, Cincinnati, Chi.
cago & st. Louis, Duluth South Shore l. At
lantic. and the. Chicago Terminal stocks dis
played unusual activity, and the advances
awakened some activity in other usually dor.
mant stocks. st. Louis Southwestern pre-
ferred, Northwestern preferred, Iowa Central
preferred. Duluth, South Shore & Atlantic
General Electric and Manhattan improved 1 to
IN; Chicago Terminal 4; the preferred, 51l,
and Cleveland, Cincinnati, Chicago & st. Louis,
AZ, and the preferred, Il. Cast Iron Pipe
yielded I, and National Enameling ~.
The aggressive strength Of specialties caused
the list to rise gradually" St. Paul gained LIZ
North Western rose an extreme . 8, the pre-
ferred By; Chicago Terminal, OK Cleveland
Cincinnati, Chicago & Str Louis, 4; Peoria s
Eastern, 81; st. Joseph & Grand Island first
preferred 81; the common 21a, and Iowa Cen
trail, st. Louis Southwestern, and Chicago Union
Traction, 1. Lackawanna lost 2, Kansas s
Texas preferred 1, and Kansas City Southern
preferred and st. Louis Southwestern preferred
reacted 11s.
Stock quotations quoted for The journal by
Watson & Co., brokers, Chamber of Commerce
Minneapolis. Closing figures are bid: