The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-09
STOCKS OPENED
FRACTIONS HIGHER
LARGE TRANSACTIONS IN SEVER
AL SPECULATIVE FAvoRITEs.
Heavy Buying Of Pennsylvania and
Ontario & Western Offset by Selling
Of Western Leaders in the Early
Trading Selected Stocks Of Middle
West Take a Sharp Squirt.

New York, Feb. 9.-stocks today opened firm
at fractional advances which We're in excess OF
half for Chesapeake & Ohio. kansas City
Southern preferred, Metropolitan Street Rail-
way and Tennessee Coal. North Western rose
LIS. There We're large transactions In num-
Der OF the speculative favorites. The opening
sales OF Ontario & Western ran to 5,2oO shares
at 4sA and 1855 compared with ASH last
night
While heavy buying OF Pennsylvania and
Ontario & Western impaired degree OF strength
the western leaders st. Paul, Union Pacific
and Southern Pacific were depressed below yes
terday's closing, while, Pennsylvania ana On
tario & Western were simultaneously put ,., a
point above. Selected stocks OF the mlaale
west were bid up quite sharply, ILLINOIS Cen
trail gaining 1, Kansas City Southern preferred
1ss and Toledo. ST. Louis & Western preferred
2. Prices generally dropped before IL o'clock
Reading and Norfolk & Western selling frac-
ton under last night. Long Island, SAoss-Snei-
field Steel and Federal Mining rose ! TO n,
and Detroit Southern preferred and Mating pre-
ferred fell off l..
Only few stocks showed any strength, the
general market showing dull and heavy Tone
Illinois Central rose 1A in all. mere Were
gains in Great Northern preferred OF Z, Denver
& Rio Grande preferred I, Western Union -.
Manhattan 13s, Detroit Southern IL and red ed,
eral Mining *. New York Air Brake reil
3h Mailing preferred and American Tele-
phone l ". Bonds were firm at noon. =.
Interest in the market waned ana nuctuations
were confined to very narrow limits. Prices
ruled close to the lowest and the local fractions
did not hold their gains.
The mornings persistent pressure against the
we'll known railroads and specialttes finally Gull
minated in a rather sharp decline which prac-
tically obliterated the early rise In Pennsyl'
vanta and Ontario & Western. Overnight losses
Of point were scored by st. Paul, Union Pa
cifc, Delaware & Hudson, Realty and Rubber
preferred, and many others were down large
fraction. Subsequent buying OF the local trac-
tions led by Manhattan, which touched 49,
helped the market, but the buying elsewhere
on the rally was very slight. METROPOLITAN
Street Railway moved up Y, Metropolitan Sc
curities IN. Chicago Terminal preferred TX and
Hooking Valley /. Federal Mining continued ito
recent buoyant rise and touched 31h, gain
Of 81. - Et -.-.
The days advances were pretty well wiped
out in another selling movement which caused
losses Of point in Missouri Pacific Sugar and
Consolidated Cas- Norfolk & Western fell X.
Steel Foundries preferred LIS, National Railroad
of Mexico preferred 1 "a, Pacific Mail LIZ, Contra.
Of New Jersey O. Cleveland, Cincinnati. Chicago
& st. Louis 21a, Linseed preferred and Lacka-
wanna Az. Great Northern preferred jumped
111a. Detroit Southern rose 2as, Third Ave
nue. IL, Federal Mining Oh and the preferred
21a. The closing easy.
Stock quotations reported for The Journal by
Watson s Co., brokers', Chamber Of Commerce,
Minneapolis. Closing figures are bid.