The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-01-24
ADVANCES MARKED
T0DAY'S OPENING
WALL STREET EXPERIENCED RE-
BOUND FROM YESTERDAY.
Reading Carried Up i Point at the
start-Erie Sold at a Good Rise
Transcontinentals in mand-sell-
ing Of Reading Later Started Realiz-

New York, Jan. 24.-Opening prices of many
prominent stocks today reboundeds sharply from
yesterdays closing depression; altho there was
a sprinkling Of losses. Reading was. carried
up an extreme point & on running sales, and
1000 shares OF Erie sold at 41Eand Al ", COM
pared with 4O7s last night. i Realty gained
point and Rock Island, Union Pacific, Southern
Pacific, Louisville 4 Nashville and Consolidated
Gas large fractions. f.zIEf - &
The early buying was most effective IN the
transcontinental stocks, but several of the coal
ers, metal stocks and fractions were also taken
literally. St. Paul, Northwestern, Union Pa
cific, Southern Pacific preferred Erie second pre-
ferred and Kansas & Texas preferred advanced
L to ~ The Smelling stocks Republic Steel
preferred, Metropolitan Securities, Consolidated
Gas. Hide & Leather preferred and Westinghouse
Electric figured for similar gains = Heavy sell.
ing of Reading, which drove 1T down from 81
to $685. precipitated realizing elsewhere, and the
lost /, Ice preferred x and ST. Louis 8 San
Francisco first preferred LIZ. At IL o'clock the
market was dull. f,sG f$ u i..ss ~
Prices tended upwards In sympathy with ad-
vances in individual stocks, but the general
movement was narrow. Southern Pacific gained
~ and Erie, the first PREFERRED, st. Louis South.
western preferred Minneapolis, st. Paul 3 Sau4t
Ste. Marie preferred and United States Rubber
preferred point. Smelling preferred was car
ried up 3k and North American 2. There were
declines of a point more in Cleveland, Gin
cinnati, Chicago & st Louis, Chicago Great Yves.
tern preferred B. Manhattan Railway Steel
/
Chemical and Rock Island preferred lost lA
The demand ran off at the higher level and let
prices slip back. Bonds were steady at noon.
The market was almost idle and very sluggish
United States Steel preferred got up point
Erie second preferred and Delaware & Hudson
recovered its decline. Steel Foundries~ preferred
lost 1 and General Electric 2A. ~.
Realizing on the dividend announcement or
Hide & Leather preferred more than wiped out
its forenoon rise and induced sales of other spe
cialties. Delaware & Hudson declined " and
General Electric r., while Smelling preferred
also reacted a point. Railroad stocks lacked
feature, but We're quoted at about the highest
again at 1 O'Clock.
The subsistence of demand at the advances
aroused distrust of the market, and an active
selling movement carried the whole list to q
level below last night. The declines from that
level reached point for Rock Island, st
Paul, Louisville 4 Nashville Reading, New York
Central, Atlantic Coast line and Brooklyn Tran
sit Westinghouse Electric lost 2A General
Electric, 5A; New York Air Brake. 5; Pitts.
burg Cleveland. Cincinnati & st. Louis, 2A
Denver & Rio Grande, ~. and North Western
s. The closing was active and weak at about
the lowest @t II: -
Stock quotations reported for The Journal by
Watson & Co., brokers. Chamber of Commerce
Minneapolis. Closing figures bid.