The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-08
LARGE ORDERS in
GRAIN CARRIERS
THEY SEND PRICE UP AT THE
MARKETS OPENING.
Great Northern Preferred and Northern
Pacific Make an Early Jump of Two
Points-Realizing in the General List
Later Gave Market a Backset.

New York, Aug. S.-First prices the stock
exchange today We're smainly small fraction
above those prevailing at the close yesterday.
Some large orders We're distributed in the grain
carrying stocks, and there was an improvement
of 2 points each in Great Northern preferred
and Northern Pacific. Delaware s. Hudson rose
half as much and Republic Steel preferred and
Louisville & Nashville sharp fractions. Atchi-
son. Canadian Pacific, Erie and Metropolitan
Street Railway were slightly easier.
Confident buying of Reading Erie and Union
Pacific, altho attended by very small advances,
aroused general following and speculation
hroadened and became active Realizing de-
pressed the coalers at II O'Clock and stopped
the rise elsewhere. Lackawanna's market value
was not affected by its fire loss, 100 shares
selling unchanged at 40. Peoria & Eastern
rose 3H, Canada Southern and Cleveland Gin
cinnati, Chicago X st Louis, Southern Railway
preferred. Chicago Great Western preferred
and United States Realty 1. Corn Products
preferred fell off point and st. Louis South
western preferred IA. -
and southern groups, resulting in 1-pont gains
for Baltimore & Ohio and Illinois Central, but
the general tendency toward reaction became
rather pronounced. The United States Steel
stocks, Republic Steel, Tennessee Coal, Lead
and Smelling sold fraction under last night.
North Western lost and Allis-Chalmers pre-.
ferred and Republic Steel preferred 1. There
were gains for United States Realty of 3h
New York, New Haven l. Hartford, Chicago
Great Western preferred A and Railroad Securi
| ties Y, and United Railway Investments Amer
lean Ice ana PaDef l.. chicago d Eastern I'LL
nois certificates rose Z. Bonds were irregular.
Market Becomes Heavy.
Active selling pressure, which was concen
trated against Reading, Smelling and a few
others that had been conspicuously strong, threw
the entire market into heaviness after 1:
o'clock. Western stocks were relatively better
held, rather more from absence of offerings
than from any indications of inside support
Central Railroad of New Jersey lost 31a, Leat
1B and Reading, Atlantic Coast Line and Smelt
| ing a point. Virginia Carolina Chemical ad
vanced "a.
| A number of minor southwestern stock
| showed strength, the Kansas & Texas stocks
| Chicago & Alton and st. Joseph & Grand Islan'
| first and second preferred rising to ~. LAX
Erie & Western preferred gained 3, Illinoi
| Central / Is and Duluth, South Shore & Atlanti
preferred IN, but Minneapolis, st. Paul I
| Sault Ste. Marie dropped suddenly 3 points
| National Biscuit, New York, Chicago & st
Louis l. The closing was Slightly irregular.
=. The Market Hardens.
Selling was discontinued and the market hard
ened. Some stocks touched their best price
of the day. despite the scanty demand, notabl
Union Pacific and the high-prced coaers. Lack
awanna jumped 10 points to $50, establishing
record figure, did Delaware & Hudson, whic
point were made by Union Pacific Lake Erie
Western, Manhattan, Paper preferred and Unite
States Reduction preferred. Electric Storag
| Battery off 1 Y and Corn Products preferre
points. j, :
Stock quotations reported for The journal b
| Watson & Co.. brokers, Chamber of Commerce
Minneapolis. Closing figures are bid.