The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-01
RAPID TRANSIT IS
GIVEN A SETBACK
GENERAL UNLOADING CARRIES
STOCK PRICES DOWNWARD.
500 Stock Makes an Early Gain, Which
Is Wiped Out Under Later Pressure
Heavy Blocks of Big Railroad
Stocks, Thrown on Market, Cause the
Decline.

New York, March The opening Of the stock
market today was moderately active and higher,
gains running to point in New York Central,
illinois illinois central, Erie first preferred, Brooklyn
transit :. ana Amalgamated Copper and to large
fraction in Pennsylvania Reading, st. Paul, Col
orado Fuel and Pacific Mail.
Inc advance ran along quietly for time, but
pressure to sell developed before the hour had
expired Purchases were moderate and after the
fayorite railroad stocks had been advanced about
point the eagerness Of the traders II take
lifted ~. Consolidated Gas BIS, North-wes-
tern o, Minneapolis, ST. Paul & Sault Ste. Marie
and Union Pacific. St. Paul, Louisville &
NASHVILLE mas Atlantic Coast Line, New York Cen
trai, fennsylvania. Reading, Erie, Locomotive
ripe tennessee Coal and Federal Mining pre-
ierred to ". Heavy blocks of the representa-
i've railroad and specialties were thrown on
the market near II o'clock and the previous ad-
vances We're Cancelled and in some cases prices
We're driven well under last night especially for
Union Pacific. Southern Pacific and Reading.
I I, city Rapid Transit preferred declined 2A,
Plpe preferred and Southern Pacific point.
Erie was carried UP to AN, the second pre-
:erred rose rs, Louisville & Nashville 2, At
lantic Coast Line 81 and Lead 1. The rally in
Inc general list caused by these movements did
not reach the previous high level and prices fell
oack again. owing to languid buying. Lead pre-
ferred declined 6A. Colorado & Southern second
preferred prefer ~ and Chicago Alton and the
Ohteo states Rubber stocks 1. Philadelphia
Hapld Transit, newly traded in, sold at 124 and
down to 11h. Bonds were steady at noon.
INTEREST IN the standard stocks was revived by
bull demonstration In New York Central which
carried 1t to 1874. Hurried purchases were
made OF Union Pacific, Southern Pacific, St.
Paul and Pennsylvania, and they reached the
highest OF the day. Atlantic Coast Line got
up nearly points and Sugar 3. Kansas City
southern preferred, Pacific Mall Metropolitan
proved 1902.
An advance to Tx BY Amalgamated Copper,
! supplemented BY rise in Sugar of ~, was
without essential influence on the general mar.
ket. Dealings were slight In the grain carriers,
ana they suffered somewhat from the absence OF
the recent spirited buying. Hide and Leather
| preferred gained IN.
Signs that liquidation was finished drove in be
lated shorts and prices rose with more vigor K
gain OF nearly I, Louisville & Nashville 31a
Nashville, Chattanooga & st. Louis 8, st. Pau
2ssss, the Eries TX to 2ss, Virginia Iron 5, Ten
nessee Coal and Baltimore & Ohio and Nor
folk & Western, Canadian Pacific, Delaware s
| Hudson, Colorado g. Southern, Missouri Pacific
| United States Steel preferred, Republic Stee
preferred, Paper and United States Rubber pre-
| ferred 1. here were declines of point in ct
Louis Southwestern and Chicago Terminal and o.
t 2 by Chicago, st. Paul. Minneapolis & maha
! The closing was strong.
-, Stock quotations reported for The Journal b.
| Watson & Co.. brokers' Chamber of Commerce
Minneapolis. Closing figures are bid.