The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-23
STOCKS IRREGULAR
AT THE OPENING
TIE DOWNWARD TENDENCY OF
YESTERDAY rs CHECKED.
Apparent Support for Some Stocks
Holds the Market for While-Large
Selling Later Carries Prices Down
Twin City Rapid Transit Gamer on
the Early Advance.

New York, March 23-rhe irregular opening
In stocks today marked Il partial check to the
downward tendency with which the market closed
last night. Changes were generally small, but
there were very heavy dealings in some stocks,
notably in Pennsylvania and Union Pacific.
Ihere were 5000 shares of the latter sold at
l2S9s last night. Pennsylvania opened unchanged
and then hardened fraction. There was
rise: OF n In Colorado Fuel. North Western
ran OF points and Tennessee Coal lost about
point. F,.'.-- ~
Apparent support from some stocks held the
market for time and prices were bid up above
yesterdays closing all around the room. Penn
sylvana was taken In enormous blocks at l4l
before giving way. st. Paul.. Delaware q
Hudson, Consolidated Cas- Metropolitan Secur-
ties and Twin City Rapid Transit gained 1 to
IL. Large selling for both accounts was re-
sumed later, and the entire market sold lower
than at the opening. Louisville & Nashville, Car,
the Smelling stocks, Virginia Carolina Chemical
and Allis-Chalmers preferred declined 1 to ",
and New York, Chicago g. st. Louis second pre-
ferred g.. Speculation was steadier in tone at IL
O'Clock, but was becoming quiet.
Prices broke sharply again In the second
hour. The special weakness of Union Pacific
made bad Impression on sentiment That
stock was forced down rs and then rallied ".
The sudden declines in special stocks followed
by rallies indicated activity by bear operators
to force prices down. Vulnerable spots were
found chiefly among recent favorites the
advance, both In the railroad and industrial
lists: The Pennsylvania group and Atchison
were relatively firm. Southern Pacific. Rock
Island, New York Central, Ontario g. Western,
Reading. Atlantic Coast Line. the Toledo. st.
Louis & Western stocks. Duluth South Shore
& Atlantic preferred, the southern iron stocks,
the railroad equipment stocks and number OF
spectaltes suffered losses of point more.
Allis- Chalmers preferred lost 315 and Pittsburg.
Cincinnati, Chicago & st. Louis 3. A vigorous
rally was in force at noon, with many stocks
higher than before. Colorado Fuel rose 25s over
last night and Tennessee Coal 2.
Bonds were irregular at noon.
The noon rally was extended until the market
had recovered all of. its earlier losses. In
many instances prices ruled above yesterday 8
closing, particularly for the active spectalties.
Chicago Terminal. Chicago Great Western pre-
ferred B and Metropolitan Street Railway i'm
proved a point
Realizing sales made but little impression on
the market altho the volume of purchases per-
ceptibly diminished prices advanced. Union
Pacific recovered all of its loss, and such favor
ties as St. Paul, Pennsylvania. Atchison, New
York Central, Amalgamated Copper and the
United States Steel stocks sold good fraction
over yesterdays closing. Baltimore & Ohio,
Canadian Pacific and Distillers Securities moved
up and Realty points, Colorado Fuel had in
creased Its rise to points by 2 o'clock. Amer
lean Express and Colorado & Southern second
preferred declined 2. Chicago Union Traction
! Federal Mining S. -,
Prices advanced into the final hour. Chesa-
peake & Ohio, Atlantic Coast Line and Lead
rose 1, and Steel Foundries preferred "a. Then
New York Central, Ontario & Western, South
ern Pacific Missouri Pacific and Amalgamated
Copper to the lowest of the day. Afterwards
there was another rebound, which carried Atch
ison. Amalgamated Copper and United States
Steel preferred a point over last night.
Stock quotations reported for The Journal b,
Watson & Co., brokers, Chamber of Commerce
Minneapolis. Closing figures and bid.