The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-14
BIG STOCKS MAKE
BIG GAINS EARLY
READING AND UNION PACIFIC
SELL LARGELY AT OPENING.
The Price of Both Is Carried Up ~
Other Stocks Gain More Before Pres
sure Sets In-Stocks Usually Neg
lected Are Given Whirl. Il

New York, April 14.-Yesterday's conspicuous
features held their place in the opening trading
IN the stock market this morning. Reading
rose an extreme " on running sales OF 12OOO
shares, and Union Pacific as much on running
sales OF $500 shares. There jump of 2Is
IN WOODEN and of TX in Erie second preferred.
tennessee Coal, Colorado Fuel, Sugar and Met
ropol1tan Securities gained a point and United
States Steel preferred, Smelling, General Elec-
trio, Metropolitan Street Railway, st. Paul and
Colorado " Southern large fractions.
An early advance was but indifferently main
tanned, and there were indications Of growing
pressure against Illinois Central, Locomotive,
smelling and 'Amalgamated Copper. Most of the
leaders rose above their first prices before yield
stocks to serve an appearance OF irregularity.
mere was an excellent distribution OF specu-
lat1ve interest and transactions were uncommonly
large In number Of usually neglected stocks.
Near IL O'Clock when New York Central, which
| has been laggard of late, moved up to 1905
the tendency became generally upwards again.
Union Pacific rose to 1855 and Reading to 90.
The more notable advances were Wooden 4, the
preferred 2A, Philadelphia Rapid Transit and
American Agricultural Chemical 21a. North.
Western preferred 2A, Lead preferred and
Linseed, Smelling, Twin City Rapid Transit,
General Electric and Baltimore & Ohio pre-
| ferred 1 to rs.
The sustained strength of Union Pacific, st.
| Paul and New York Central was the feature
| of the railroad list, which moved narrowly 9th.
| erwise. Baltimore & Ohio, Louisville & Nash
vile, Atchison, Minneapolis, ST. Paul & Sault
Ste. Marie and North Western, however, rose i
The movement among industrials and specialtes
| showed great variety. Union Pacific touched
| 1865, New York Central 161 and St. Paul 1S1
The more notable gains among specialties were
Hooking Valley, Car, Pressed Steel Car, Pipe
Beet Sugar and Linseed preferred 2 to 8, Phil
adelphia Rapid Transit and American Elk
press 8: Lead, Locomotive, Ice preferred. Fed
eral Mining preferred and Pacific Mail lost
point, and fractioAal declines were made ir
some prominent stocks. Bonds were irregular
| at noon. ~,
Some new advances kept up the variety Of thu
| the leaders, carrying Union Pacific back point
Amalgamated Copper 1 large buying
and Illinois Central and Smelling made head
| way against their early depression and rose Y
over yesterday. Pressed Steel Car rose AZ il
| all, Tennessee Coal 8, sloss Sheffield Steel .
| and some minor stocks point. Rubber Goods
preferred and Wabash preferred lost 1. Toledo
st. Louis & Western preferred IL and Westing
house Electric first preferred As. The movemen
in Northern Securities on the curb, with rlst
Of 51a, kept pace with the transcontinenta
| stocks on the exchange st. Paul rallied t.
| 1885 before 2 o'clock.
An excited buying movement broke out in st
Paul after ~ O'Clock and on purchases of man!
| thousands Of shares its price touched 1885, o
| almost points below Yesterdays final figures
Other transcontinental stocks did not rise mate
rally above the level reached at noon, alth
Union Pacific brought 1904. Pennsylvania mad
a be1ated response to the forenoon advance Il
other eastern trunk lines and rose above la
Support developed on Locomotive and it recovere
its loss.
Illinois Central rushed up points to abov
the previous high level st. Paul was lifted 50
and the preferred 3. Rock Island enormou
absorption got up only fraction. The Railwa
Steel Spring stocks gained 2h The realizing a
other points was very large and prices of tn
leaders fell back a point or more. Locomotiv
preferred lost liz and Minneapolis, st. Paul
sault Ste. Marie preferred The market raj
lied, but the closing was irregular. =
Stock quotations reported for The journal b
Watson & Co., brokers' Chamber Of Commerce
Minneapolis Closing figures are bid.