The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-06
STOCKS BEGIN DAY
1 WITH WIDE GAINS
UNION PACIFIC AND STEEL ARE
TRADED LARGELY.
Advances Are Partly Lost in the Early
Trading-A Rally Follows and the
Active Stocks Creep Up to Opening
Level-soo Makes a Squirt.

New York, March 8.-opening prices Of stocks
today advanced easily and large number OF
stocks showed wide gains. Atlantic Coast Line
rose IA, Consolidated Gas Ia, Canadian Pa
cthc IN, Atchison IN, Colorado Fuel IN, Poo
Plies Gas and Louisville & Nashville about a
point, and Sugar. Southern Pacific, Smelling and
metropolitan Securities a large fraction The
largest dealings were in Union Pacific and
tional.
Professionals marked stocks on the advance,
and Its volume wiped out the moderate gains.
In the stocks where the Improvement was sub
stantial good portion of the rise was re-
tanned. ST. PAU and Union Pacific In the rail-
roads, Reading in the coalers and Tennessee
Coal and Sugar In the specialties especially
heavy. Quite number of stocks were being
absorbed confidently at higher prices in the
orally strengthened and the active stocks crept
up to the opening level United States Reduc-
tion 4 Refining advanced Pa. the preferred ~,
Canadian Pacific 2h. Linseed preferred IN and
Mating preferred, Lead preferred, Pacific Mail,
Realty, Metropolitan Street Railway, Metropoli-
tan Securities and Minneapolis. st. Paul Sc Sault
Ste. Marie to IL. Sloss-sheffield Steel yield
| ed 31a and St. Paul preferred ~.
An uneven upward movement was led by Mis-
souri, Pacific among the southwesterns and Read.
Ing In the eastern group. Both of these stocks
rose point but their following gained a frac-
tion. Transcontinental stocks, New York Cen.
| trail. Erie and the United States Steel stocks
were held back. Mexican Central and Duluth
South Shore & Atlantic preferred rose 1, and
|
| declined IN, Wisconsin Central preferred, Ten
| nessee Coal, Beet Sugar preferred, Pacific Coast
and Hide & Leather preferred and American
| Express Bonds were rather heavy and dull 81
noon.
Union Pacific was sold down to 1925 on tn
decision favoring the Hill interests I'M the North
ern Securities case. Southern Pacific weakened
only fractionally. but st. Paul lost point ant
North Western IL. Large orders flowed into the
| market for Union Pacific on the break, and by
o'clock 1t had got back to 1855. Erie wa.
also lifted diligently to As and Pennsylvania
developed pronounced strength. Tennessee Coal
| after dropping off to 81, came back to near 90
and Sloss Sheffield Steel also recovered it's morn
Ing decline. Realizing cost Atlantic Coast Lin,
It's morning rise. st. Louis Southwestern pro
ferred ran of point and Minneapolis & st. Louii
Ia while Union Bag advanced 1.
| There was much cnofusion over the interpre
tation Of the Northern Securities decision. Unior
| Pacific and Southern Pacific rebounded to
point over Saturday on the presumption tina
| only a minor phase of the contest was involved
in the decision. The market then became yer!
dull and waited for a new initiative.
| The market started up again with a rise t,
1876 for Union Pacific, but the response wal
moderate and did not extend far. Sloss-Sheffiel,
Steel got ~ over Saturday. Tennessee Coal
Minneapolis. st. Paul & Suult Ste Marie 2A
| Kansas City Southern preferred w and Anal
| gamated Copper and North Western l.. Uniol
| Pacific then dropped back to a small Fraction
| over Saturday and prices yielded all around
| The closing was dull and heavy. y
| Stock quotations reported for The journal b
Watson \ Co., brokers, Chamber Of Commerce
Minneapolis. Closing figures are bid