The Minneapolis journal., 1905-11-27
BULLS ON 'CHANGE
HAVE MERRY DAY
STOCKS RISE RAPIDLY FOLLOW.
Z ING EXCITEMENT AT OPENING.
Profit Taking Fails to Stem Advance
Rock Island Stocks Are an Excep-
tion to the Rule and Steadily Work
Lower Thru the EARLY Hours.

New York. Nov. 27.-There We're excited up-
ward movements at the opening Of the stock
market today In a number OF specialties, and the
general level Of prices was higher. There were
very heavy dealings at q number OF points In
the list Sloss- Sheffield Steel was carried up S
points, Anaconda 3h, Smelling 21a, Lead 2k,
Amaagamated Copper and Reading \ and Union
Pac1nc, Brooklyn Transit. Kansas City Southern
preferred, Metropolitan Securities and lnterna-
tional Paper preferred point. Gains of a
large fraction included United States Steel pre-
1erred, Sugar, Smelling preferred. Republic
Steel, Central Leather and Chesapeake & Ohio.
Whatever profit taking ther ewas made little
Impression on prices for some time Recent SEN
sattonal advances In closely held specialties and
the success of various pool maniplators In put
ting their stocks higher, created a widespread
demand which absorbed readily the professional
leallzlng. Buoyancy here and there, general
confidence with which special stocks were bought
and, the easier money market were the factors
that contributed to the advance. Tennessee
Coal moved contrary to the list for while and
lost point, but eventually became strong and
rose to 113k. The Rock Island stocks made
gradual progress downward on a renewal of last
weeks extensive liquidation, the common losing
r and the preferred 1ss. Lead gained 5as,
Kansas City Southern preferred 3k and Smelt-
ing preferred g.: -
Fresh advances were made in Smelling OF
4ss Lead ga, Texas & Pacific Land Trust 3A.
Delaware Hudson IN, New York Central and
tion In the Rock Island issues and apparent
withdrawal OF all support had some disturbing
effect on sentiment. The common was forced
down 2. the preferred SIS, St. Louis San
Francisco second preferred 21a. But the first
preferred stock Of that company rose 2. ST. Paul
was advanced over points, with some counter
acting to affect the Rock Island movement
kock Island bonds were weak. The general list
was steady. " :'--- ! -. . =. ~ ..-.
The succession of violent fluctuations In sew
eral OF the active specialties 6k not prevent the
| continued rise at other points. The southern
! Iron stocks went up in q sensa tional manner
Sloss-Sheffeld Steel gaining 71s up to, o'cloci
and Tennessee Coal TO- Other favorites forged
steadily upwards, despite the setback in Lead
Smelling and United States Steel preferred, and
| a steady unloading of Rock Island stocks. Kan
| sas City Southern preferred moved up 41a the
Republic Steel 2h and Republic Steel preferred
and American Woolen 3. The loss in Rock Island
reached 2h and in the preferred -. -
Selling Causes Decline.
Incessant profit taking caused a substantial
| reaction for a time Tennessee Coal fell bacl
| S%, Sloss Sheffield Steel and the Smelling
| stocks 2 Prices did not remain down very
| long, as the appearance Of the long delayed sup
| to take the southern iron stocks, Amalgannatet
| and others, started prices briskly upward agar
and Tennessee Coal regained more than it ha.
| lost. The same was true of several other stocks
high prices being reached here and there. Re
public Steel rose ~ the prefererd and Anal
Atchison 1% to ~. The Rock Island stock
rallied ~ and g for the common and preferred
respectively. '''~'~~'.''~'~
Stock quotations reported for The Journal b.
| Watson Co., brokers, Chamber Of Commerce
Minneapolis. Closing figures bid. -: .
| Closing quotations reported for The Journal b!
| Watson g. Co., brokers; Chamber Of Commerce
Minneapolis. Closing figures are bid: :.