The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-26
BULL TONE RULES
IN STOCK MARKET
OPENING IS ACTIVE WITH BUOY
ANCY IN SPOTS.
Very Wide Fluctuations Occur Later,
but the Market Settles Into Bull
Stride and Stocks Continue to Be
Absorbed Despite Reactions Here
and There.

New York, Dec. 26.-The stock market opened
active and higher with buoyant upshoots In spe-
cial stocks. Sales Of 5000 shares of Anaconda
were made simultaneously at 22O and 23O and
subsequent sales carried it to ESQ by 1O-point
intervals. saturday final price was 214. Third
Avenue Way marked up points and American
snle,tng 3N. Running sales Of Union Pacific
carried 1t up an extreme point to its previous
record price, 149A. Great Northern preferred
gained z, Reading IN, Metropolitan Securities
70, virginia Carolina Chemical ~ and Southern
Pacific and Brooklyn Transit point
Inc stock market showed the usual charac-
.ea.s.tcs OF strong, animated and diversified
movement, namely, the selling of one group of
SHOCKS s,1 while another WAS being pushed upward.
list settled into its bull stride again Ana
coma coma reacted 49, Third Avenue 2X, Smelling
~ ana brook!yn Transit and Metropolitan Sc
st. Louis San francisco second preferred both
500 point below last weeks close. At IL
. CLOCK prices were moving up strongly, the de-
mand Ior the United States Steelb stocks and the
standard railroad stocks arousing marked de-
gree OF optimism. Virginia Carolina Chemical
gained gain 81, Amalgamated Copper 31s, Union Pa
enc =, Smelling preferred and st. Paul 1%
NeM Yoek cea Nashville ~ and
Canadian Pacific, Missouri Pacific. Northern Pa
enc, Republic Steel and United States Steel
@aA Anaconda Hma rallied * to 245. In
Stocks continued to be absorbed during the
second hour and new points of strength were
asvetoped Some reaction occurred before noon,
Union Pacific notably falling back point and q
Few otness as much. Gains Of point or more
were made by the Atchison stocks, Illinois Cen.
tral, Baltimore & Ohio, Norfolk & Western,
southern Railway, United States Steel preferred,
fressed Steel Car and Republic Steel preferred
colorado Fuel was carried up 24s, Lead ~
hnlc kerbocker Ice preferred 21a and Federal
Mining 8. Central Railroad of New Jersey fell
~ and rallied IN. -. =
Bonds were firm at noon. 81
sscant attention was paid to the railroad list
the readiness with which the specialties would
respond to mantpulativee tactics making them
prime faVorites with the professionals who were
MAKING, ma quick turns Large amounts Of the bet
ICE grace stocks were nevertheless quietly alb
soroed within triding range of prices. The
! feature OF the midday market was the excited
cemand ror the coppers and the revival of in
rerest In the general Industrial group, particu
lally the railroad equipment stocks Beet Sugar
moved up points, Amalgamated Copper 4
chicago, st. Paul, Minneapolis & Omaha, Den
yer q Rio Grande, Railway Steel Spring ant
LOCOMOTIVE ~ Q2M, Sugar and United State.
f4pe IA and American Car /. Anaconda Mining
| got up to 250 again, its early high price.
Inc progression Of operations for the advanc,
finally took in the Metropolitan stocks, which
had been conspicuously weak in the morning
traders bid them up vigorously, metropolitan
street hallway rising TX and Metropolitan Sc
cur1tles N over Saturdays closing. Wisconsin
central preferred also rose H. Virginia Caroln,
chemical preferred ~ and Pacific Coast 21s
Amalgamated Copper touched 1O5, gain of AZ
ana Anaconda Mining reached 255. North-Wes
! tern Tell l. Tennessee Coal and Minneapolis
| st. Paul & sault Ste. Marie 2 and the pre-
ferred TX. - -. - 1-0
Stock quotations reported for Tho Journal b,
Watson . Co., brokers, Chamber of Commerce
minneapolis Closing prices are bid,