The Minneapolis journal., 1905-11-02
CARS TROUBLES
AFFECT STOCKS
Wheat Turns More Stubborn Against SaleseZl
UNEAsINEss ABROAD Is RE.
ELECTED IN WALL STREET.
Industrial Stocks, However, Open
Strong Louisville s. Nashville an
Exception to Heaviness in Railroad
List -Grain-C Carrying Lines Of West
Suffer in Decline.

New York, Now 2-The opening stock mar.
ket manifested some depression from the for
eign markets, due to the renewed anxiety over
conditions III Russia. 2 number of industrial
stocks, however, opened higher than last night,
especially among metal stocks. Louisville &
Nashville was an exception to the general heayi-
ness of the railroad list, with rise of q. Rail-
way Steel Spring and Consolidated Gas rose
about a point. There were running sales OF
2, 500 shares of Kansas & Texas at 1885, COM
pared with 36& last night. Locomotive lost
point and Union Pacific and Canadian Pacific
and Metropolitan Street Railway and American
Car large fractions.
Grain-carrying railroad stocks were unable to
overcome the depression at the opening, and, al
tho there indications of buoyancy in the
coalers and industrial specalties, western stocks
remained comparatively heavy. 1t was prac-
tically market for specialtes, the transactions
in the standard railroad stocks engaging only
small portion Of the speculative attention. Du-
luth, South Shore & Atlantic preferred was
heavily bought and touched 39A, gain OF
AS. Tennessee Coal got up 2, Railway Steel
Spring 2A, Duluth, South Shore & Atlantic and
Smelling rs, and Reading, Erie, Ontario &
, Western, Delaware s. Hudson, Wheeling & Lake
Erie hrst and second preferred, Smelling pre-
ferred Colorado Fuel and General Electric 1.
| Locomotive recovered its loss of point and
about much more Prices We're about
| fraction lower all around at IL o'clock.
Various new specialties were marked up from
time to time. but the general list was inclined
to sag. Atlantic Coast Line, Minneapolis st.
Louis, ROCK Island ana united States huDDei
first preferred got about a point below last
night. The local fractions, American Car, Amer
| ican Wooden, Federal Mining New York All
Brake, Wheeling & Lake Erie and Minneapolis,
st. Paul e. sault Ste. Marie rose to ~ "a
cifc Coast and Westinghouse Electric AN.
Pennsylvania and United States Steel preferred
showed some strength at noon. Bonds were
| steady at noon. +.,.. 81. =. ~,
| Dividend-paying railroad stocks became the
bull target after midday, especially Pennsyl-
| vania, New York Central Louisville & Nash.
! Vile and North Western, which were marked
up / to y. Full recoveries were made IN some
had been heavy thruout the forenoon. The spe.
cialties were dull while the squirt was on In the
railroads, and the entire market became quiet
later. Pressed Steel Car and United Railway
Investment improved 1@1h.
| The movement in the railroad section fell into
the background, the traders again giving the1I
attention to the specfalties. later bulge
in Reading to 1914 assisted in holding the stan
! gained 5A General Electric 5, the Chicago Unior
Traction stocks and Allis- Chalmers preferred 21l
to 2h, st. Paul and Virginia Iron Y ant
Chesapeake & Ohio, Central Railroad of New
| Jersey American Grass Twine and Allis- s-Chalmer'
l. United States Rubber ran off 1 and Quick
silver preferred rs. ,..,.
Reading Shorts in Panic.
A bear panic among shorts in Reading durin;
the late dealings in the stock market toda.
caused that stock to be rushed up to 135 on enor
nous dealings. The uneasiness caused by thil
movement caused a free throwing over or STOCK
which wiped out the general gains establlshe
earlier in the day, and converted them into hot
! able losses for some Of the leading stocks. Unio
Pacific Canadian Pacific, st. Paul, Smelling
Locomotive and Amalgamated Copper were som
of the chief sufferers, making losses ranging ~
tween 1 and points -" w
Closing stock quotations reported for Th
Journal by Watson & Co., Chamber OF Con
merce MINNEAPOLIS. :. Closing. figures are bic Dle