The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-18
IN
ACTIVE DEMAND
LARGE BLOCKS OF FAvoRITEs
TAKEN, CARRYING MARKET UP.
Omaha Shows Strength Again, Making
an Early Advance Of Five Points
III
Reading, One Of the Features, Being
Taken in 5,OOO-share Blocks Rapidly.

New York. Jan. 1s.-In the stock market to-
day opening dealings were largely concentrated
in the recent favorites.
Gains predomnated and the few losses were
small. Chesapeake & Ohio was in active demand
at an advance of a half and the hard and SOFT
coalers We're all conspicuously firm. Fort worth
4 Denver City stamped fell ?, Amalsama leo
Copper forced down * on a sale OF $500
shares, but Immediately recovered.
Prices advanced steadily during the nrst noun
the large demand for representative rairoso
strength Of the general list. Reading was tne
chief feature and rose to S51a. Large blocks OF
various other favorites were taken, ana gains
approximating point were numerous. Kansas
Texas preferred showed unusual activity and
strength, rising ~ to GIN. Other gains OF con
sequence were st. Paul, Kansas & Texas Kansas
City Southern preferred, Amalgamated copper
Sugar. Brooklyn Transit and Smelling lWl9 49,
Northwestern preferred Pr Buffalo, Rochester
& Pittsburg and Chicago, st. Paul, Minneapo-
lis s. Omaha S. Virginia-C Carolina Chemical pre-
gamated Copper lost its rise before IL O'CLOCK.
Readings aggressive rise to SO was thru OIL
ferings OF many 5000 share blocks and up
wards, one string Of successive quotations Ioot,
unevenly Union Pacific rose ~, Illinois Gen zen
trail IN, Chicago Great Western A preferred ~
Northwestern preferred and New YORK Cen
trial. Rock Island Reading second preferred ana
Virginia Carolina Chemical l. st. Joseph q
Grand Island first preferred fell ~. Before noon
Illinois Central reacted / and Reading =, ana
the trading suddenly became dull until Ontar1o
& Western shot up points. ~. r
Bonds were firm at noon. Il - .s
The buoyant outbreak in the coalers impaired
| a considerable degree of strength to the entire
market, altho the traders frequently sold the
high-priced industrials and the metal stocks,
whenever profit showed. Ontario & Western
| reached 45 before it weakened. Rutland pre-
ferred got up 8, Delaware s. Hudson 2 and ERIC
and the second preferred Norfolk & western ant
Louisville & Nashville 1. A reaction of over
| point in Ontario g. Western started realizing al
around the room and the market fell back good
| fraction Hooking Valley lost 1.
| Selling orders were distributed In the general
| market under cover Of the tremendous buying
of Reading. which advanced it to S7A. Rock
Island was also heavily bought and approached
or progress upward during the afternoon
Colorado Fuel and st. Louis Southwestern
gained ], Pere Marquette preferred LIZ and Con
! solidated Gas 2. The market reflected thu
professional pressure. Union Pacific leading, ant
running off a point from the best.
| The rise in Reading extended to five points bu
| the growing weight of the realizing elsewhere
quick reaction largely wiped out, the earle(
gains and carried some important leaders unde
| last night. Illinois Central after rising ~
on its extra dividend reacted "a and Readin,
reacted Ia. There had been gains established
Of New Jersey and Steel Foundries preferred
| Ia, and Snuff 5. Hooking Valley preferred fel
27a, Chicago Terminal preferred w, and Toledo
| st. Louis & Western 1. Quick proft-taking b!
| the room shorts rallied the market. Baltimor
| tive and strong.
Stock quotations quoted + for The Journal b.
| Watson & Co.. brokers, Chamber of Commerce
Minneapolis. Closing figures are bid: