The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-14

BULLS B HAVE, GOOD
INNING IN STOCKS
PRICES RISE SHARPLY, THO MAR
KET rs IRREGULAR.
Interest Shifts from Group to Group,
but Prices Generally Hold Firm Thru
the Morning-Great Northern Makes
a Big Advance = Northern Pacific
Also Strong.

New York, Aug. 14-There were widely dis
tr1Duted buying orders at the opening Of the
stock market today and sharp advances resulted.
ST. Paul and New York Central were carried ! "
over Saturdays closing and Union Pacific rs
Wisconsin Central gained y, otherwise changes
did not exceed q.
Offerings that came out the opening rise
were well taken, the only noticeable relapse be-
ing of point in New York Central Bull
operators were encouraged by the absorbent
power of the market and renewed their vigor-
Gus bidding of the large priced stocks The
buying was broader and heavier than on last
week and nearly all stocks of first Importance
rose sharply. The principal advances were
Great Northern preferred 81, Pullman 4, North
ern Pacific 81, Illinois Central 21a, Wisconsin
Central and the preferred / n to IN, Kansas &
Texas and Canadian Southern 1ss and Missouri
Western, Wabash preferred, Atlantic Coast line
western, Wabash preferred, Atlantic Soast line
and Southern Pacific /, and many others h
similar amount. -...
The market was inclined to react, especially
In the high-priced railroad issues, but rev
points of strength developed and reactlonary
stocks rallied. Canadian Pacific rose strongly
25s towards and helped the general list.
Missouri Pacific gained IN, Kansas & Texas
preferred and Atchison and Baltimore & Ohio
/; as did also Lackawanna. Wheeling & Lake
! Erie, Corn Products and Railway Steel Spring.
Michigan Central rose g. Northwestern pre-
ferred 8, Corn Products preferred and Iowa
Central preferred, Wheeling & Lake Erie nfst
preferred, United States Rubber preferred ana
preferred fell 1. Bonds were firm at noon.
| Speculative activity shifted frequently from
one group to another with the result that tne
market showed a good deal of irreguiarlty' tne
realizing being in force constantly. In tne
early afternoon, Pennsylvania, Missouri racine
and Louisville & Nashville and the local uac-
ton stocks were features OF strength, WINE the
grangers and coalers were quiet ana lower.
Missouri Pacific was bought heavily and rose
| 23s to 1O4. Denver & Rio Grande also ADVANCED
1h, the preferred 2; Metropolitan Street Rail
way IL, and Metropolitan Securities, Brooklyn
Transia, Pennsylvania, Louisville q NASHVILLE
1 Texas & Pacific and Paper to las.
Realizing Proves Bearish.
Extensive realizing depressed all stocks ex-
cept the southwestern corn carriers IN "nlcn me
bull movement lodged for a time MISSOURI "a
cifc's belated rise encouragln Duylng Oh otner
| Gould properties and there was general ad-
vance in the group of a point or more. IN ao-
| dftion Rock Island preferred and chicago Great
| Western preferred B were moved up l, 1oieuo'
St. Louis & Western preferred Ia, Denver q
| Rio Grande 2h and Michigan Central IA points.
| Reactions Of a point more from the pest
figures of the day were made elsewhere ~
| linois Central sold a point below SATURDAY
! closing and lead 2
| Inroads on Prices.
| The taking of profits made considerable IN
! roads OH prices all thru the list Dut tnefe was
| a recovery again. Smelling lost l9s, eteeei
Fourdries preferred IL and Consolidated Gas l.
| American Tobacco preferred was heavily bought
| and lifted 81. Wheeling & Lake Erie SECOND
preferred gained 8, Long Island 2, st: Joseph q
| Grand Island first and second preferred ana
American WOODEN "a to y, ana n Mnel rarO
| prominent in tn elate rise, Missouri Pac1hc RS
ing 3. Some realizing pressure persisted else
where and the closing was Irregular
st teen Go brokers, Chamber Of Commerce
Minneapolis Closing figures are bid.