The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-10
500 PREFERRED
| TAKES A JUMP
MAKES ADVANCE OF 21a IN THE
EARLY TRADING.
Opening Prices Show Upward Tendency
Metal Stocks, Coalers, New York
Central and Union Pacific the Lead
ers-Twin City Rapid Transit Shows
Strength.

New York, March 10-Opening prices Of stocks
today started upwards with some yigor, es-
pecially for some Of the metal stocks and coal
ers. New York Central and Union Pacific also
made large fractional gains. Hooking Valley
jumped w, Tennessee Coal Lead and Canadian
Pacific gained about point and Baltimore y
Oh1O Chesapeake u Ohio and Smelling large
fraction.
Striking gains were registered In number of
stocks, but only few Of these ranked of first
Importance. Business was rather poorly dls-
tr1buted, the specialties and obscure stocks re-
cetying much attention. The squirt in New York
Central to 160h and the consistent demand for
Canadian Pacific did not arouse much enthusiasm
in the standard stocks. Realizing was effectual
in Reading Union Pacific and Southern Pacific
Advances reached points In Tennessee Coal
PA in Minneapolis, st. Paul & Sault Ste. Marie
preferred and United States Reduction preferred
in New York Central and Pittsburg, Cincinnati
Chicago & st. Louis, Tx in Canadian Pacific and
Chesapeake & Ohio and to / ~ in Minneapolis,
st. Paul & Sault Ste Marie. New York, Chicago
preferred, Federal Mining preferred, Twin City
Rapid Transit, Colorado Fuel, Republic Steel
Realty Sugar and Peoples Cas-
New. York Central was carried back a point
Gil realizing and prices yielded In sympathy.
The rise in st. Paul to ISL and gains OF
point or more in the local fractions steadied
the market, but trading became quieter Rock
Island preferred, Smelling preferred and Federal
Chalmers preferred 2h. There were gains of
to / n in Chicago Terminal preferred, Toledo,
St. Louis & Western preferred, Paper, Detroit
United Railway, United States Reduction, Re.
public Steel, Pressed Steel Car preferred and
Corn Products. Twin City Rapid Transit pre-
ferred rose ~. -
Bonds were steady at noon.
Bull speculation was rampant for a while In
| some of the eastern stocks, particularly Ches'
apeake & Ohio, and the Junior Vanderbilts
Union Pacific, st. Paul, Pennsylvania and I'LL
nois Central all received measure OF atten'
ton at times. Union Pacific ran up to 1855
| and after losing nearly all Of it, rose anew
New York Central was neglected while its sub
ordinate stocks were booming. In general the
market was one of special movements profes
sional operators shifting frequently into stocks
| that gave promise Of profitable turn The
early afternoon advances Cleveland, Gin
c1nnati Chicago & st. Louis 3ss. Canada. South
yanta, Illinois Central, New York, Chicago q
St. Louis second preferred, North Western, st
Paul preferred, Consolidated Gas and Virginia
Coke to IN. Chicago. St.. Paul, Minneapolis
& Omaha exceptionally lost points
Amalgamated Copper and Ontario & Western
were late additions to the days gains. Bott
stocks hardened about q point At other points
proft-taking sales had some effect, but the mar
ket for the most part held we'll on the lessenet
demand. Federal Mining rose Az.
The market was inclined to drag. But rumor!
& Ohio to 50. Erie made late but small rise
and Smelling recovered to a point over las
night. Federal Mining jumped 91a. Leather
preferred gained V and Laclede Gas preferred
Knickerbocker Ice preferred Paper and Chicago
& Alton-1. while Chicago & Alton preferred fel
~. Realizing made it's effect felt. There were
declins of in Lackawanna, Dlaware & Hudson
| Central Railroad Of New Jersey. Atlantic Coas
Line and United States Rubber. The excited buy
| ing Of Chesapeake & Ohio pulled up the Penn
sylvania group in sympathy at the last Penn
| sylvania 23s, Norfolk & Western III ant
Baltimore & Ohio about point. The closing
elsewhere was firm in sympathy.
! Stock quotations reported for The Journal b
| Watson & Co., brokers' Chamber of Commerce
| Minneapolis. Closing figures are bid.