The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-23

STOCK TRADING
ON LARGE SCALE.
HEAVY DEMAND LIFTS PRICES
FOR GOOD GAINS.
Market Opens with Active Trading in
Specialties Which. Were Prominent
Saturday-Absorbent Power Of the
Market Is Large-M Minor Stocks Show
Pronounced Strength. hi

49, i
Is New York Oct. 23.-The stock market opened
today With active trading in u number of spe-
cialties which were prominent In the dealings
last week. Some of these were ahected by re-
alizing and suffered small declines, but the large
majority Of prices was higher. New York Air
Brake rose Az, Republic Steel preferred 19s.
Central Railroad of New, Jersey and Locomotive
preferred point and Minneapolis, st. Paul &
Sault Ste. Marie, Pressed Steel Oar and Central
Leather large fractons Northern Pacific suf
fered loss of about point and Locomotive,
American Car and Brooklyn Transit were slight.
ly lower. t &5ss @: ,$.4
The absorbent power of the market was good
and large amounts of representative stocks were
sold within narrow limits. This selling was
made possible by the pronounced strength OF
large number of minor stocks but when the
buying of these fell off the list began to show
heaviness on all sides. Early gains had reached
2as in United States Realty, 21a in Pressed Steel
Car to IL in General ELECTRIC, Bag preferred,
Cotton OH sHides& Leather preferred, Biscuit
and ST. Joseph & Grand Island first preferred.
These We're reduced Send some. active leaders
driven below Saturdays closing. Illinois Cen,
Brooklyn Transit, Metropolitan Securities. Loco
motive and American WooIen l to Il.
Pressed Steel Car rose 3a altogether and
carried with 1t large number Of industrials.
AlHs-Chalmers preferred gained 2ss, "estingr
house Electric first preferred FL. Locomotive
rebounded to more than ] y over Saturday and
American Car. Railway Steel Spring, Republic
Steel, Sloss. Sheffield Steel Allis Chalmers, Corn
Products American Grass Irvine, Beet Sugar
preferred and Central Leather gained 1@11a.
Railroad shares advanced but were In the back
ground of the movement. st. Paul rose !, Cen
trail Railroad Of New jersey and st. Louis
Southwestern preferred 1A Great Northern
preferred and International Power lost /: and
Republic Steel: preferred lost Its gain. BONDS
were irregular at noon. ,.,.a,. ...-
Business continued on 2 large scale thruou,
the usual midday dull PERIOD and prices ad
vanced with the. railroads displaying some In
creased prominence. Reading, New York Cen
trail Erie second preferred land Havana Electric
moved. up i, Chicago & Alton ~, General Elec
trio 2 and New York Air Brake 8. =
Realizing in Pressed Steel Car carried 1t OF
LIZ and the general tone became slightly 1rreg
| ular, but new points of strength developed ant
ern Railway, New York Central Norfolk &
Western and Kansas City Southern preferred
rose about point, American Grass Twins "a
Chicago Union Traction preferred IN and Ha
vana Electric and Steel Foundries preferred 2
| Louisville & Nashville and Smelling were thu
prominent additions to the 1-point gamers in tn
final hour. Besides those New York Air Brak
rose 7H, Northwestern preferred 81, Quick
silver preferred 2%, Pacific Mail and Toledo, st
| Louis & Western 1 y and Denver & Rio 'Grande
Norfolk s. Western preferred, Southern Railwa.
preferred, Quicksilver, international Paper pre-
| ferred an Chicago Union Traction point o
| more. i. The taking Of profits on the days rls
interviewed and the appearance Of the mafke
tihcates fell Gh. The principal gains meth
| railroad list were reduced to fractions and wer
| lowered all around in the industrial list.
Closing quotations reported for The Journal b
Watson & Co.. brokers, Chamber Of Commerce
Minneapolis. Closing figures bid. -