The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-03
SUDDEN ADVANCE
IN RAPID TRANSIT
TWIN CITY STOCK JUMPS 2h IN
EARLY TRADING. q
United States Steel, Union Pacific and
New York Central in Large Demand,
but at Small Gains Railroad Stocks
Generally Weaken Under Light De-
mand.

New York, April 3.-The stock market today
opened strong and active with a continuance
or the recent large demand for the minor In
dustrials. United States Steel, Union Pacific
blocks, but their gains were limited to moder-
ate fractions. Brooklyn Transit and Atchison
were slightly lower Biscuit jumped 2N, Twin
City Rapid Transit 2h and Smelling, Sloss-
Sheffield Steel, Peoples Gas and Canadian Pa
cihc and Chesapeake & Ohio / to 1A.
Railroad stocks weakened a trhe,s owing to
the meager demand. but betrayed steadier tone
at II O'Clock. Higher prices prevailed for a
large number Of industrial specialties, with the
activity centering in, those not we'll known.
sloss- Sheffield Steel got up 21a and Tennessee
Coal, Smelling preferred, Enameling, Pressed
Steel Car, Leather preferred certificates, Cotton
OH and Kansas Texas preferred to u.
Colorado Fuel which closed Saturday at 54A,
was wa quoted ex-rights and sold between 81 and
Sc. The rights brought from 2A to 1s.
A large demand for railroad stocks was slim
ulated by lively movement in the Fries, fol-
lowed by advances in Union Pacific and New
York Central. Erie rose !, Erie first preferred
York Central IL and Great Northern preferred
~. Other active railroad stocks were lifted
fractions. Northwestern, Delaware & Hudson.
New York Chicago & st. Louis Ann Arbor Ire'
ferred Consolidated Gas, Virginia Carolina Chem
ical. Federal Mining preferred and Snuff pre-
ferred gained or more. Peoria & Eastern ~
Philadelphia, Rapid Transit ~. United States
Reduction and the preferred AZ. There were
losses of about in Lackawanna, Rubber Goods
preferred, American Telephone and Distillers
preferred.
Bonds were firm at noon.
The activity of the railroad list not pro.
longed beyond midday, and there were recess
sions reaching point in Erie second preferred
Meantime some Of the industrials were rising
buoyantly. Cotton Oil gained over 8, the pre-
ferred 2, Tennessee Coal ~, Virginia. Carolina
Chemical ~, General Electric ~ and Loco
motive preferred, Wooden preferred, the Chicago
Terminal stocks. Lake Erie & Western, St
Louis Southwestern preferred and Illinois Cen
trail point. Lead was sold heavily and lost
~. as did United Railway Investment pre-
ferred.
When the advance late in the day had amount
ed to points in Tennessee Coal and in Sloss
Sheffield Steel, the entire market suddenly weak
ened on reports indicating further delay in the
Northern Securities case. Reactions of a poin
or more occurred in some specialties, and New
York Central, Union Pacific and st. Paul dipped
sharply. Later report that the case wal
finally disposed of caused a substantial rally il
! which Union Pacific touched 1924, more
| than points above last weeks close. Mime
| apolis, st. Paul & Sault Ste. Marie and Re
public Steel moved up l and the preferred 2.
The United States Steel stocks were IN mucl
better demand but gained only fractionally
Brooklyn Transit continued weak and lost
| point.
| Stock quotations reported for The Journal b
| Watson s. Co., brokers, Chamber Of Commerce
Minneapolis. Closing figures are bid.