The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-11-01
REALIZING AND BUYING ORDERS
CAUSE IRREGULARITY.
Buying Of Stocks That Show Decline
Causes a Rally, but Selling Wipes
Out Advances and Prices Trend
Downward Rapidly Trading Is on a
Large Scale.

New York, Nov. 1.-Realization on yester-
days late advance and the execution of SONG
large buying orders In number of favorlte
stocks caused an irregular opening in the stock
market today, but overnight changes were no,
pronounced outside of Lead, which gained
point. The railroad stocks in general were
heavy.
Stocks were purchased more freely the de-
cline, and general rally was helped by the
confident buying of Reading Locomotive and
Smelling preferred Railroad stocks showed
little sympathy with the rise in the leaders,
and made only small gains. Smelling preferred
was bought extensively and points. The
Kansas , S Texas stocks gained l. Locomotive
i " and New York, New Haven & Hartford 2
Reading sold on parity with yesterdays record,
12sh. General selling, which wiped .out the
rise II a large measure, occurred before II
O'Clock. smelling, General Electric, Great
Northern preferred. louisville 4 Nashville,
Northern Pacific and Union Pacific preferred
fell back 10 point below last night, and Kama
wha 4 Michigan IN, and Chicago Eastern
Illinois certificates dropped IN.
Prices fell to d lower level than before. Union
Pacific, Southern Pacific and Tennessee Coal l,
Delaware & Hudson " and Lake Erie & West
ern 2. Locomotive and Lead lost their gain and
Smelling preferred reacted IN. The Kansas
& Texas stocks rose u later, but the rally
i'll the general list did not hold well and led to
decrease In activity. Bonds were irregular
at noon. as
Trading operations were resumed on a large
scale in a num0er of Industrial specialties that
had been conspicuous in the recent speculation.
Smelling was bought on a liberal scale and its
advance of points to al stimulated a better
demand for many of the metal stocks. Amalga-
mated ran up to near So and Locomotive pre-
ferred Tennessee Coal, Colorado Fuel and Cana
dian Pacific improved to ~ and Pullman IN.
Railroad stocks continued sluggish. Brooklyn
Transit gave way point, but recovered nearly
all OF its loss before / O'Clock.
Prices Rise on Renewed Activity.
The activity in the rise in some of the spe-
cialttes induced proft-taking sales. These, how
ever, caused only temporary halt, the advance
commencing vigorously again. Unusual activity
and strength to the Kansas s. Texas stocks
brought about some response from the railroad
list, but the earlier losses were not much more
than made up. Kansas & Texas gained 4, the
preferred g. Canadian Pacific and Smelling 29s,
Locomotive and Lead ~ and Minneapolis, St.
Paul & Sault Ste. Marie, @Amalgamated Copper
| and Virginia Carolina Chemical /. Erie second
| preferred lost ~ . .~ 3
The rise in the Kansas s. Texas stocks re-
! suited in sympathetic advances of l to. IL in
| Texas Pacific, Wabash preferred, st. Louis
Southwestern preferred and the Denver & Rio
| Grandc stocks, National Railway of Mexico pre-
ferred gained / u, Pittsburg, Chicago Cincinnati
& St.. Louis IL, United States Pipe and Railway
| Steel Spring liz and Sugar and metropolitan
| Street Hallway 1. The general list ran of
| the day. Northern Pacific and St.. Joseph &
Grand Island second preferred lost 2 and New
| York Central about point There were Wig
| orous rallies in special stocks and the closing
was irregular 4-se:.si ....
Closing stock quotations reported for The
Journal by Watson & Co., Chamber of Com
merce Minneapolis. Closing figures are bid