The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-30
DECLINES RULED
AT The OPENING
MAJORITY OF STOCKS SUFFERED
FROM THE PRESSURE.
Independent Steel Railroad Equipment
Companies Were Slightly Higher, but
Railroad Favorites Were OFF from a
Fraction to Point Some Recovery
Followed.

New York, March 30.-The market opened
under pressure today. Declines Of Is to II We're
noted for the majority of the stocks. Union
Pacific, Atchison and Locomotive lost about a
point and Pennsylvania, Baltimore & Ohio and
Reading declined large fractions. One or two
OF the independent steel companies and railroad
equipment companies were slightly higher. Wa
bash debenture bonds rose points and Lack
awanna 4. aA% 4
The general market showed little sympathy
with the temporary bullish outburst in Ontario
western and half dozen minor spectalt1es
Some recovery followed the opening Decline but
the market soon became heavy again, and On
tarlo q Western lost its point advance. Some
W. %haf lower prices We're made on this decline
81; Paul, Pennsylvania and New York Central
railing point and Union Pacific ia In the
way of advances Realty figured for ~, Rubber
Goods preferred, Lead and Railway Investment
preferred to ~. ~. r-
The decline reached point in Reading, Nor
folk s. Western, Southern Pacific, Canadian
Pacific, Kansas & Texas preferred, Cleveland,
Cincinnati, Chicago & St. Louis and Bag. Sloss-
Sheffield Steel fell g.. The market became ex-
tremely dull except for advances in a number of
issues rarely traded in. The Standard Rope
stocks and bonds and Central Of Georgia second
and third income bonds advanced to points.
Gains OF to ~ were made by Twin City Rapid
Transit Leather preferred certificates, Federal
Mining preferred, Grass Irvine, Central Railroad
Of New Jersey and Peoria & Eastern. Consoli-
Impressive and prices elsewhere began to sag
again. st. Paul dropped IN. Bonds were steady
at noon.
Leading stocks recovered slightly from the
morning depression and became very dull.
Leather preferred sold at 1854, compared with
1865 the previous sale. General Electric
also gained tx and Lead preferred a point. vir'
ginia Iron meanwhile fell of / and New York,
Chicago & St. Louis second preferred 2.
While there was scarcely any demand of con-
sequence for stocks neither was there any press
ing for sale and the small business accomplished
was at better prices. The specialties moved most
widely and were relatively more active than rail
road stocks Tennessee Coal fuctuated fire.
quently from 954 to s73s. slossshefheld Steel
converted its 3-point loss into gain of 2. Allis
Chalmers and the Republic Steel stocks rose l.
Allis- Chalmers preferred 25s, Atlantic Coast Line
14, Rubber Goods and Delaware & Hudson IN
Kansas & Texas sagged 1 and New York All
Brake 8. Ontario & Western touched 68N.
| Gains were made of by S1oss-Shefheld Stee
and 33s by Tennessee Coal. Colorado Fuel rost
1H.' There was a fairly general recovery OF
the running off of the call loan rate and some
prices got over last night, Pennsylvania rising
r.. Railroad stocks met some realizing on the
advance and the closing was below the best and
slightly irregular.
Stock quotations reported for The Journal b!
Watson & Co.,, brokers, Chamber of Commerce
Minneapolis Closing figures and bic.