The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-13
|OPENING PRICES
MOYEB .UPW Ard
FAIRLY LARGE DEMANDS LIFTED
THE MARKET GENERALLY.
Proft-taking Causing Sharp Changes,
and Aggressive Efforts to Force
Chosen Stocks to Higher Levels
Produced Feverishness-st. Paul One
Of the Sufferers.

New York, April 13.-Opening prices Of stocks
today mo7ed upwards all around on fairly
large volume OF business. Tennessee Coal was
the leader with gain Of 2A. Smelling rose
l, Brooklyn Transit IN and New York Central
Kansas Texas preferred, Locomotive preferred
and Lead about point.
sharp changes occul1d between ~ and IL
o'clock in a few stocks representing the results
OF the proht taking of the opening advance and
the aggressive efforts to force chosen stocks
upwards. AS consequence the list showed
good deal Of feverishness and St. Paul, New York
Central, Union Pacific and Amalgamated Copper
reacted below the previous close. Illinois Cen
trail, Ontario Western, Delaware & Hudson
and General Electric lost point. Large blocks
OF Reading were bid for, and 1t went thru all
offerings until it crossed 81. Smelling encoun-
tered heavy realizing orders at frequent stages
of Its advance, but 1t eventually got within rs
OF 1923. The buoyancy of this stock did not have
much erect In stemming the sales of Locomotive,
Lead and United States Steel preferred. Pressed
Steel Car Republic Steel preferred, Sloss-Shef-
field preferred, Erie second preferred, Norfolk &
Eastern and Terminal preferred moved up l..
Reading was pushed up 2t and Smelling to
within a shade of 1M, but the general list
dragged and became very dull when Smelling re-
acted over point. Locomotive, Lead and Brook
Ign Transit lost their gains and Westinghouse
Electric fell point. North American advanced
2M. Philadelphia Rapid Transit 21a, Sloss-Shef.
held Steel and Lackawanna, Erie second pre-
ferred, Denver & Rio Grande preferred, Duluth,
South Shore & Atlantic preferred, Car preferred,
the United States Reduction stocks, Realty and
Twin City Rapid Tansit to ~ Bonds were
steady at noon.~ ~ - 49,.
Pennsylvania lifted its. subsidiary stocks and
strength spread into the grangers and other
stocks that had been laggards in the early move
ment. Union Pacific rose III and Baltimore &
Ohio, Chesapeake. & Ohio, New York Central
Amalgamated Copper, Peoples Gas and Colorado
Fuel point or more. Linseed and Virginia Caro-
lima Chemical gained ~ and Rubber Goods lost
as much.
Moderate selling of representative railroad
| stocks Offset to large degree the stimulating
effects of the rise in Smelling and United States
Steel preferred. After Reading had gained 3
points the demand became less insistent and was
diverted into Pennsylvania and Erie, which rose
point each. Westinghouse Electric was bought
at 115 and rallied points. General Electric
also gained point. Large orders for United
States Steel preferred flowed into the market
| after it got over 1O3 and it worked up to 1885.
becoming dull at that level. Illinois Central
yielded nearly points and then began to rally.
United Railway Investment dropped 8 points to
81, and recovered half the loss. The preferred,
Federal Mining preferred and Chicago & Alton
preferred fell 1 and Northwestern IN. Cot
| ton OIL and Rubber Goods preferred advanced a
point.
Stock quota lions reported for The Journal by
Watson d Co., brokers. Chamber Of Commerce,
Minneapolis. Closing figures are bid.