The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-16
LIVELY DEMANDS
LIFT STOCK PRICES
ONTARIO & WESTERN EARLY FEA-
TURE ON RUNNING SALES.
wisconsin Central Preferred Again
Shows Up strong-Railroad Stocks
Generally Advance Under Brisk Buy
ing-Buying Movement Slackens
After Noon Hour, but Prices Hold.

New York, Feb. 1e.-Today prices of stocks
opened fraction higher on moderate volume
OF dealings Ontario & Western was the feature
at an extreme advance of a point on running
sales of $500 shares. Wisconsin Central pre-
ferred rose y. The only exceptions to the ad
vance were Reading, Consolidated Gas and one Or
two of the railroad equipment stocks.
Early operations caused pronounced movements
In one or two stocks and uninterest1ng develop
ments elsewhere. Ontario'& Western did not get
above 81, but the realizing was not heavy enough
to set 1t back much. Leather preferred was bid
up steadily and scored gain Of over points.
In the railroad list. Reading recovered its OPEN
Ing loss and then fell back sharply while Penn
sylvania rose strongly. But few of the standard
railroad stocks moved as much as u during the
first hour, and the more prominent specialties
covered about the same range. 's'<-..'
Toledo, st. Louis & Western preferred, Colo
RADIO q Southern second preferred, tennessee
Coal, General Electric, North American, Distill-
ers' Securities and Cotton Oil preferred advanced
and Federal Mining 2. Pressed Steel Car
preferred suffered from resumption of yester-
Goods lost 1.
oped, especially for Erie. Rock Island, Southern
Hallway and Ontario & Western United States
Steel was also largely bought. Erie and United
States Steel gained nearly point and Ontario &
ed a fraction all around. Chicago Terminal
Transfer preferred and Sloss-Sheffeld Steel adj
vanced 1. Cotton Oil preferred and New York
Air Brake 8. United States Express declined 2
Bonds were firm at noon. ~
Conspicuous buying of stocks ceased after -
o'clock. but there was enough general inquiry to
hold prices relatively firm. Union Pacific got
shade over 125. Amalganated Copper fell off
slightly and United States Steel was realized on
Detroit Southern preferred advanced a point and
Peoria & Eastern 21a. Meantime Chicago &
Alton run off 1 and North Western u.
Excepting wide fluctuations in the iron and
steel group, which did not exert any influence
elsewhere. speculation was featureless and dull.
The meagre demand caused some shading in val
ues here and there. Sloss Sheffield Steel stifened
575 and Smelling, Allis Chalmers, Pressed Steel
Gar and Erie second preferred /. Locomotive pre-
ferred dipped and Corn. Products preferred n.
Union Pacific was carried up ap ONT to a new
record for the movement and Louisville & Nash
vile rose 1. There were gains Of l to 2 for
Chicago. st. Paul, Minneapolis & Omaha, Pacific
Coast second preferred, Minneapolis & st. Louis
preferred Lake Erie & Western, Allis- Chalmers
preferred, Lead and Republic Steel preferred.
general selling movment was injected into
the operations and prices ran off in some cases
to the lowest Of the day. The Metropolitan
stocks, New York Central, Baltimore & Ohio,
st. Paul. Reading, Delaware & Hudson, Central
Railroad of New. Jersey and Canadian Pacific lost
to 2ss, Plttsburg, Cincinnati, Chicago & St.
Louis ia. Chicago & Eastern Illinois preferred
s and earlier gains were largely wholly wiped
out. The closing was weak.
Stock quotations reported for The journal by
Watson e. Co., brokers, Chamber Of Commerce,
Minneapolis.