The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-24
HEAVY UNLOADING.
OF ROCK ISLAND
AGGRESSIVE SELLING, GREATS
UNFAvoRABLE SENTIMENT. Ia
Gains and Losses Mixed at Opening
= Buying Later Leads to Large Gains
but Prices Sag After the Buying
Movement Spends It's Force.

New York, Oct M.-Opening prices were but
little affected by the depression IN London and
gains We're mixed with the prevailing losses.
", Canadian Pacific sfeil point and Amalga-
mated Copper ". Fsf
Buying orders for round amounts flowed into
the market, overcoming the early hesitancy and
putting the general list on firm basis Record
prices for some of the high-priced coalers and; a
keen demand for Some Of the better-knOwn indus
trials were in evidence. None of the western
stocks was much affected by the demand aside
from St. Paul, which rose nearly point above
yesterdays closing. Delaware & Hudson moved
up 5A, american Express and North WESTERN
Central r. Of Now Jersey, Reading, the
Toledo, st. Louis 4 Western stocks Smelling,
Pressed Steel Car General Electric and the Allts-
Chalmers stocks i to fss Hooking Coal United
States Reduction & Refining and Sugar yielded
I. but the last named recovered. Cotton OIL
lost III. Profit taking stopped the rise and the
market became heavy and dull at II o'clock.
q Prices sagged back to the low point and stead
led when large transactions were made In Chesa-
peake & Ohio and Norfolk & Western, the latter
gaining point. The reaction ran to 2 points
in Central Railroad of New jersey and in
Delaware & Hudson. Rock Island lost l, Corn
Products n and Rutland preferred sold at q
decline of points. Chicago & Eastern HI
nois certificates and Kansas City Southern pre-
ferred rose 21a and Federal Mining IN. The
market was dull and heavy again at noon. Bonds
were strong. ~
Aggressive selling Of Rock Island produced an
unfavorable effect on sentiment and there was a
general tightening Of loads all around. Some Of
the favorite stocks were driven sharply under
yesterdays close and there was a SUSPENSION OF
the confident buying of industrials. New York
Central fell i. Rock Island 1as and the pre-
ferred 1A. Kansas City Southern and Smelling
! preferred gained a, point each Il.
number Of special movements were1nstituted
late in the day, but they were of little effect
in arousing enthusiasm outside of the stocks con
cerned. General speculation was dull, but ifhe
market showed some recovery from Its depres
{, sion: Sugar and Ontario &c eWstern gaineds1
Hooking Valley 2 and Brooklyn Union Gas 2A
Reading got up to near 125 again. On the othel
| hand Reading first preferred, Atchison and sSt
Louis & San Francisco second preferred sagget
| J., New York Air Brake Ia and Kansas City
| Fort Scott & Memphis preferred ~. Is
Additional losses were Nashville g. Chattanooga
| 3, Chicago Union Traction preferred 3h and
Northern Pacific, st. Louis Southwestern, Stan
| dard Rope & Irvine and American Snuff pre-
! ferred a point or more. Revived strength II
Reading helped the market and there were re
| coveries American Wool gained over point
Prices drifted off again, and except for /.
| final rise Of a point in Brooklyn Transit, the
| closing was heavy. = ,--..-.t .--.:.. ! .
Closing quotations reported for The Journal b!
| Watson & Co.. brokers, Chamber Of Commerce
| Minneapolis. Closing figures are bid. i