The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-21
500 STOCKS FIRM;
MARKET IS ACTIVE
PRICES AT ToDAY's OPENING
GENERALLY HIGHER.
500 Preferred Was Up a Point at the
Start-Canadian Pacific Among the
Stocks to Resist Depression-sugar
Became Heavy and Caused a Ten
dency to Sag

New York, March 21-In spite Of the strength
of the London market this morning, a number
of the international stocks sank fraction, put
In the majority Of cDses prices were higher.
Atlantic Coast Line rose ~, Minneapolis. st:
Paul y Sault Ste. Marie. preferred, point, and
Toledo, St. Louis & Western, Locomotive ana
Republic Steel preferred large fractions. Inc
market was active and broad. '.-'. o. - ~.
Not much progress was made In either dlrec-
ton as result of the first hours business.
Moderate selling was arrested by the rise IN
AtchtsOn to 91.s Pressure began In other quar-
tiers, Canadian Pacific and its controlled stocks,
st. Paul and the Railway Equipment stocks were
decidedly firm. Sales of Sugar down to l4l "a
contributed to a more uniformly heavy tone at
IL o'clock. Chicago 4 ALTON preferred, TOLEDO,
st. Louis 4 Western, Minneapolis st. Paul u
Sault Ste. Marie. Peoria & Eastern, Pullman,
Steel boundaries preferred. Virginia, Iron Beet
Sugar gained l TO n and Krlckerbocker Ice =.
Chicago Union Traction fell 1. q
The decline halted when Ontario & Western had
lost point and recovery ensued. Atcnlson
cihc and New York, Chicago & st. Louis about
a point and Cleveland Cleveland, Chicago q st
Louis 3. Among the industrials and spec1alt1es
Consolidated Gas was lifted 2A Pressed steel
Car preferred IA, and the common, Tennessee
Coal, Car preferred, Republic Steel preferred,
United States Rubber preferred, Distillers Secur-
tiles and United Railway Investment point or
more. In the general list prices were restored
to about last nights level, when trading became
dull. '.> ,'.Es.. ....
Corn Products fell ~ and Iowa Central pre-
ferred and Allis- Chalmers preferred l.
Bonds were steady at noon.
Prominent metal stocks made further Roadway,
despite the dropping tendency Of the railroad
list. Amslgamated Copper and Colorado Fuel
were quite active and point better. Sloss-Sher
field Steel moved up to 81. Tennessee Coal II
the meanwhile lost its rise. The Chicago .Term1
nal stocks hardened l. ..'
Only languid interest taken In the move
ment Of the railroad list and the sudden rise ir
Chesapeake & Ohio to CO.'S failed to rouse the
usual leaders. Meanwhile the specialties were
attracting the attention Of the traders this class
Of stock showing wide and varied display 81
speculative inteIest. In general way the rail-
! road equipment and many of the stocks having tt
do with the iron and steel trade were the strong
midday rise in the southern iron group and sool
advanced 21a. A number of other specialties ant
a few Of the low priced railroad stocks improved
| between and 2 points. North American yielded
1% and Chicago Union Traction preferred 5. Thu
purchasing movement ceased almost as abrupt.
as it had begun, and before o'clock PRACTICAL!
all of its rise was Cancelled.
Disappointment over the scanty demand
prompted selling Of stocks. which practically
wiped out the days scattered gains. New Yorl
| Central, Ontario & Western and Canadian Pacific
I lost g. and Union Pacific. Pennsylvania, Erie
Baltimore & Ohio, Norfolk & Western, Illinois
| Central. Reading, Delaware & Hudson, United
States Steel preferred. Smelling. Peoples Gas
General Electric, Cotton Oil and some others los
| l to 1% .c.. .,,.
Corn Products preferred fell ~, the common
| 2ss and Cotton Oil preferred u. Some fear
! were expressed of foreign complications growing
out Of affairs in Venezuela. The market failed t.
rally and the closing was active and weak a
| the lowest. ::s.'s
Watson & Co.. brokers. Chamber Of Commerce
| Minneapolis Closing figures and bid