The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-27
REALIzING SHOWS
El;FFEC | PRICES
OPENING FOR MOST STOCKS, HOW.
EVER, WAS HIGHER.
500 Felt the EARLY Selling and De-
clined Point-Illinois Central
Stocks Affected by New Orleans Fire
A Second Selling Movement Car
ried Prices Below Saturdays Close.

New York, Feb. 27.-Selling to realize
Saturdays bulge showed it's effect in the open
ing dealings today, but the majority Of stocks
We're higher and some of them, showed sharp
gains New York Central ran off n and 10000
shares Of Union Pacific sold at 134% and 1854,
compared with 1855 on Saturday. The Mime
apolis, st. Paul 4 Sault Ste. Marie stocks lost a
point Illinois Central showed the effect Of the
fire losses ut New Orleans with decline Of
IL. On the other hand 1000 shares Of Pennsyl-
y yta ed ts and 7s Win LIZ
motive 2, American Express 4, Smelling and
Delaware & Hudson a point and Erie. the second
preferred and Paper. large fractions.
Stocks were sold freely in the first half hour
and the market quite, generally ruled below last
weeks closing. Pennsylvania, North Western
and Locomotive lost their rise Union Pacific
neapolis. st. Paul'& Sault Ste. Marie, Leather
preferred, sloss-Shefheld Steel and Republic
Steel sold l to 2 points under Saturdays final
were distributed later and the speculative favor
ties responded violently. New York Central raj
lied to 161, PENNSYLVANIA to 145M, Union Pacific
to 1858 and ST., Paul to ISL. Stocks generally
hardened in sympathy with the jump in the
Atlantic Coast Line rose 1, United Railway &
Investment IN, and Chicago, St. Paul, Mime
apolis & Omaha, 2A. Louisville recovered its
loss and Illinois Central considerable part.
specula ton: became rather feverish at the top,
York Central fell back below leo. Union Pacific
fell " below Saturday.
Dealings slackened considerably, the profess
SIGNALS reducing commitments owing to the fire.
quent shifting Of interest in the selected stocks.
These spasms of heavy buying usually covered
equally large sales elsewhere. imparting an I'M
even appearance to the market. The favor
shown to the local traction stocks at noon
continued until they had gained points, when
Ontario & Western turned into extensive de-
mand again and easily rose from 81 to 561s
Reading was also taken in large blocks up to
90, and Southern Pacific continued its rise to
7O&. Minneapolis, st. Paul & Sault Ste. Marie
declined ~, Northwestern and American En-
press following opening gain of 4. and
Federal Mining preferred. Colorado Fuel, Re
public Steel preferred and Chicago & Alton
to TX. $780,
Enormous buying Of Southern Pacific up to
70ss induced only light response in the gen.
eral list and prices slipped back to the pre-
y v low J point or below New YORK Central
New York. Chicago g. St. Louis first preferred
5. Lead. 2h and Ontario & Western North
Western; Cleveland, fcincinnaM. Chicago s: st.
Pacific Coast second preferred, Tennessee Coal
and Pullman / to ! a. Atlantic Coast Line was
lifted IN, Pacific Coast and, Metropolitan Street
Railway ~ and Realty, Brooklyn Transit, Pa
ciic Mail, the Pipe stocks and Rubber Goods
preferred a point.
Bonds were somewhat irregular at
Continued absorption Of large amounts Of
Southern Pacific was made. despite the manifest
pressure against other transcontinental stocks,
not until 2 o'clock when Southern Pacific had
reached 717s, when Union, began to sympathize
with its rise. As soon as Union Pacific showed
signs of support 1t was taken in hand and carried
up to 1868. Railroad stocks of all degrees ad-
vanced again, but there was little doing in the
Stock quotations reported for The Journal by
Watson & Co., brokers. Chamber of Commerce,
Minneapolis. Closing figures are bid