The Minneapolis journal., 1905-11-21
BULLS CONTINUE
THEIR RAPID PACE
PRICES OPEN HIGH AND AD-
VANCE ON ACTIVE MARKET.
Easier Money Conditions and Conf
dence in Forces Back of Operations
Cause General Inquiry for Stocks
Railroads Make Improved Showing
in the Early Dealings.

New York, Nov. 21.-Opening stocks in the
stock market were higher than last night, with
notRDle farther advances in some OF yester-
days strong features. Anaconda was carried
tan Securities u and Smelling, Ontario & Wes-
tern st. Paul, Distillers' Securities and Federal
Mining about point. and International Power
and Louisville & Nashville large fractions.
The bull spirit showed little signs of exhaus
t1on despite the rapid pace of the last few days
and there was further decided expansion in
values OF all the prominent stocks. Easier money
conditions and confidence that the rise was be.
ing rurthered by substantial market operations
simulated more general inquiry for stocks.
hallroad stocks made an improved showing in
the early dealings, the demand being wider and
STOCKS responding more sharply to the general
tendency. st. Paul, Delaware & Hudson and
international Power advanced 2, Locomotive pre-
ferred 31a and Des Moines & Fort Dodge An
Top prices were not fully maintained, the mar
O'Clock. Metropolitan Street Railway dropped
and Metropolitan Securities /. Anaconda re-
acted points. Hooking Valley and Chicago
Great Western preferred B declined to a point
below yesterday. .<.3.-
The reaction reached point in some of the
!eaolng stocks and carried others, including
heaalne' traction below last night. That
stock subsequently advanced aggressively to
l43R. Baltimore & Ohio gained nearly 2 Lo-
comotive preferred rose buoyantly eh and react
Cd z. st. Paul preferred rose 8% Wheeling &
Lake Erie first preferred 2%. Rock Island pre-
Ierred lost 1 and American Woolen preferred
2. The rally In the general list did not carry
prices higher than before and there was re-
cess1on OF a fraction at noon. Bonds were
strong at that hour.
There was revision of sentiment regarding
some stocks, early advances of 1 to points in
Atlantic Coast Line, Metropolitan Securities and
Sloss.sheffeld Steel being converted into sub
stantial losses. The general market became af.
fected by the heaviness Of these stocks and
cropped despite another violent rise in Smelling.
Smelt1ng rose points, the preferred A. Inter
national Power 8A and Hide & Leather pre-
rerred lM. In the way of losses St. Paul fig
ured for 1, Atlantic Coast Line IN and Metro
politan Securities 8A.. a..
Selling Is Depressing.
Very little remained Of the early rise in the
railroad section and less volatile specialize;
when the selling aroused by the liquidation Of
the metropolitan stocks was in full swing Mis-
souri, Pacific, st. Louis & San Francisco secont
preferred, Long Island, Federal Mining pre-
ferred, United States Reduction preferred ant
Virginia Iron were forced 1 to " below YES
terdays close. The Smelling stocks also yield
ed, Dut large orders were filed again for th
stocks sand they sold about a point higher tina,
the previous BEST touching 1864 and 1876 re
spectlVely for the common and preferred. Small
raliles followed, but trading became quiet
united States Leather preferred rose and Cen
tral or New Jersey and Linseed stocks 1 to 4
Stock quotations reported for The Journal b
watson y Co., brokers' Chamber of Commerce
| Minneapolis. Closing figures are bid,