The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-19
FRESH STRENGTH
IN WALL STREET.
SMALL GAINS PREDOMINANT AT
a. TILE OPENING.
Gains Are Quickly Enlarged on a Mar
ket Of Growing Strength and Anima-
tion-Great Northern One Of the
Leaders Anal gamated Copper Goes
to Par Again.

New York, Dec. 19.-Opening prices In the |
stock market today showed fewer wide changes |
than for a long time. Small gains largely pre-
dominated, but there were some important stocks |
showing declines, Including the United States
Steel stocks and Pennsylvania. Great Northern
preferred rose IN and Northern Pacific, Rock
Island preferred, Brooklyn Transit, Metropoli-
tan Street Railway and Sugar large fractions,
Peoples Gas and North American fell ".
me market developed growing stsensts S.o anu
animation very soon after the opening Stocks
IN which, recent successful bullish campaigns
have been made derived the most benefit from
the rise. especially Smelling, Lead and Sugar.
Outside Of the transcOntlnental group very little
interest was taken in the course OF the railroad
stocks. The chief advances were Great Northern,
Lead and Beet Sugar 21a, Northern Pacific IA,
Smelling 2h, Colorado Fuel and Sugar 2, Metro
politan Street Hallway, Pressed Steel Car and
Distillers Securities IA and New York Central
~ and Union Pacific, Cleveland, Cincinnati
Chicago & st. Louis, Brooklyn Transit and Metro
politan Securities 1. q 49,
The market continued strong and new ad
vances were made but mostly in the specialties.
The rise Of IN in Union Pacific and ~ in st.
isville & Nashville gained 21A. Atlantic Coast
Line 5. The advance Of IN to Par by Anal
gamated Copper was feature. Central Leather,
american Hide & Leather preferred Rubber
Goods, North American and Republic Steel pre-
ferred, United States Pipe, Locomotive, Peoples
Gas and, All1s- Chalmers preferred made gains Of
l to 2, and Chicago Union Traction preferred 3,
The Iowa Central stocks st. Louis s. San Fran
| cisco first preferred, Central Railroad, of New
Jersey, Tennessee Coal, Sloss Sheffeld Coal Steel
and Kn1ckerbocker Ice were depressed from to
points. Reading came into prominence with q
1-potnt rise at noon. Bonds were steady.
| Selected stocks continued to monopolize the
| dealings, the professionals preferring to make
profitable turns In them. rather than attempt to
move the general market, which was impressive.
| In a market which presented many special
features Union Pacific stood out notably, the
urgent demand for 1t raising it S1a to 147as, de-
spite the enormous blocks that were thrown on
the market during its RISE: Great Northern
| preferred improved 5. Lead 3A, Northern Pa.
cifc 81, Corn Products preferred 2.
Feature Stocks Weaken.
:. Prominent stocks which had prodted most from
the early spirited buying weakened On realizing
and the unfavorable effect caused by the APPOINT
had passed. Sugar reacted / " and Peoples
Gas g. the latter selling ~ under yesterdays
closing. Railroad stocks gave way large frac
lions. Near o'clock active demand ros<
again for Union Pacific, and it rallied to thu
BEST touching 147N. The list generally hard
loss.
General Reaction.
The break in Peoples Gas to more than
points below last night increased the disposition
to take profits, and there a general reaction
running to a point in most Of the active leaders
1 Colorado Fuel lost its entire rise. Prices stead
, led again, but the trading became dull. Chesa
peake u Ohio, National Railroad Of Mexico pre-
ferred and Mexican Central were pushed up
point. Proht-tak1ng was renewed and the re
( action further extended wiping out some 0
the important advances. Reading relaxed to
large fraction under last night and the clos
was active and easy. 49,
Stock quotations reported for The journal b
Watson & Co., brokers, Chamber Of Commerce
Minneapolis Closing figures are bid.