The Minneapolis journal., 1905-11-22
STOCK MARKET
VERY CONFUSED
OPENING PRICES MOVE UPWARD
-INDUsTRlALS AS FEATURES.
Fierce Boosting Of Rejected Stocks,
While Rest Of Market Says, Causes
Great Irregularity-Gains and Recess
sions Are Wide-Dealings in Brook
lyn Transit Are Enormous.

New York, Nov. 22.-Opening prices In the
stock market today moved upwards quite COM
prehensively with special prominence in some
of the industrial specialties Smelling, Sugar
and Missouri Pacific advanced IN each. There
were running sales Of 5000 shares of Brooklyn
Transit on an extreme advance Of ", and Union
Pacific, Southern Pacific, st. Paul, Smelling
preferred and Car also showed large fractional
gains. National Lead gained point.
D1ltgentt efforts to put rejected stocks higher
while heavy profit taking was going on in other
Quarters, caused highly confused market. A
stock, after going up rapidly, would fall off
Just as suddenly, and others would then be put
thru the same process. The list showed num-
Der of striking gains which were shaded mate
rally or wholly cancelled when the market be-
gan to show uniform weakness. Anaconda thus
inquired. for rise of 5, Long Island ~, Sugar
8, L1nseed OIL preferred 2, Brunswick Mining
y and Atlantic Coast Line, National Railroad
OF Mexico preferred, Reading, Brooklyn Tran
sit Locomotive the Republic Steel stocks, Met
ropolitan Securities General Electric, Sugar pre-
ferred, Wabash preferred and Linseed to ~
The break established losses of in Sloss-Shef
held Steel 21a In Smelling preferred and l to
"a In Pennsylvania, Reading, Chesapeake 6
Ohio Louisville & Nashville, Metropolitan Street
Railway, Tennessee Coal and others.
The advance in Brooklyn Transit was renewed
The price advanced to 90, fell back under
enormous offerings and then rose to 9OB. The
convertible bonds across par to 1O1E The
general level Of prices did not rise as high as
before but special stocks were buoyant. Missouri
Pacific gained 2A, Lake Erie & Western ~
General Electric, National Enameng about 2
Amalga-nated Copper and Chicago Terminal i !!
and several minor stocks point or more. Del
aware & Hudson. Kansas g. Texas preferred ant
Texas Pacific Land Trust lost 1 and Cotton Oh
preferred 11a. Bonds were steady at noon.
Hesitation reflected at intervals in tn.
cost of certain stocks, but the list made some
| slight further progress upwards. Brooklyn
Transit again went off point after reaching 81
but its effect on the list was offset by the up
ward strides Of Amalgamated Copper and Loco
motive. Anaconda jumped points, Westing
house Electric 8, st. Joseph & Grand Island frs
| preferred IN, Locomotive and Hide & Leathe
| preferred and number of others l more
| Delaware & Hudson and Wheeling 4 Lake Fri
first preferred yielded 2, Nashville, Chattanoog
& st. Louis " and New York Central l.
Interest in the market shifted from the spe
! cialties into some Of the railroads Trading
was on very heavy scale in Brooklyn Transi
| and Amalgamated Copper, both of which reache
considerably higher prices Smelling weakene
! IN under the persistent realizing, but the gen
eral metal group remained strong. Anacond
improved II, Long Island AN Brooklyn Transi
An, Hide & Leather preferred and Amalga
mated Copper 22, Consolidated Gas, Manhattan
Atchison Union Pacific and Erie and the secon
preferred 1@1$s. St. Louis & San Francisc
second preferred fell 2
Stock quotations reported for The Journal b
Watson y Co.. brokers. Chamber of Commerce
! Minneapolis. Closing figures are hid