The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-07
OPENING TRADING
SHOWS STRENGTH
ACTIVITY Is GENERAL WITH
g T. n
MANY STRIKING GAINS.
United States Steel Again Feature
Rock Island Develops Sensational De-
mand-st. Paul the Strongest Stock
in the Early Deals-North Western
Makes Gains.

New York, April THE stock market today
opened active and strong, with many striking
gains both among the railroads and industrials
United States Steel preferred rose " to point
on running sales OF 1000 shares, and there
were very large purchases OF the common stock
at a fractional advance: st. Paul rose y,
United States Rubber IA, Federal Mining pre-
ferred 2A and Pennsylvania Southern Pacific.
Union Pacific, Missouri Pacific, Atlantic Coast
Line, Brooklyn Transit, Car Amalgamated Cop
large fractions. y&~
While the demand for stocks was much diver
slned' the aggressive strength was confined to
only few important stocks. These afforded a
DulWark to unload elsewhere. particularly Union
Pacific. Atchison and some of the metal stocks.
Peoples Gas and Sugar sustained the only losses
Of consequence. yielding and IN respectively
Rock, Island was bought in immense blocks,
six consecutive transactions aggregatins "a 600
shares. st. Paul was the strongest feature,
rising rs to 1784s. A rapid jump Of ~ in
New York Central and renewed buying of Union
Pacifc and IT rallied from 1917 to 1924. Erie
and Reading also came forward with gains of
nearly point. Federal Mining preferred moved
up and Rubber Goods preferred, the Pressed
Island stocks, Northwestern, Lake Erie & West
ern, Kansas & Texas preferred and New York.
Chicago st. Louis and the second preferred
to ~. Sloss-Sheffield Steel dropped and
American District Telegraph 8.
The price movement became uneven and ir-
regular free realizing making it's influence felt.
Atchison was carried point below yesterday,
New York Central reacted as much and United
States Steel preferred V. Tennessee Coal lost
In. Southern Pacifc's rise of III was an Off
setting influence, and there were several other
gains OF ! to IL: including Illinois Central,
Canadian Pacific, Norfolk & Western. Atlantic
Coast Line and some minor stocks. Sugar and
Peoples Gas recovered their losses, Smelling
Jumped Sss without much effect on other, stocks.
Bonds were steady at noon -
The drift OF the market became uniformly
downwards late in the day and number of
stocks were quoted below yesterdays closing.
These included the southern group, Union Pa.
c1hc, Missouri Pacific and many specalties.
Smelling reached 1855 before becoming affected
by the prevailing heaviness. .:.I'' = ~
Spectacular upward movements of specialties
continued to, divert attention from the steady
sales Of the standard stocks. St. Paul reacted
to 1872 and Union Pacific lost all its rise.
and the local fractions became prominent with
gains Of between I and points. Large inroads
were made on prices of number of specialties.
Sloss- heffield Steel and Federal Mining dropped
8. Tennessee Coal ~ and International Pump
preferred. Locomotive. Linseed' preferred Con-
sol1dated Gas and Lead preferred 1 to, ~
Hooking Valley also fell 2 and Evansville 4
Terre: Hante 5. 5&E< -.1sa
Smelling rose with occasional reactions as
high as 117al, but the general list sold of.
United States Steel preferred got below last
nights close and Union Pacific fell u under.
Ontario 4 Western. Minneapolis. st. Paul &
Louis & Western, Republic Steel preferred Gen
eral Electric and some others lost point or
more: Great Northern preferred dropped s. The
rise in the call loan rates to above per cent
was an influence on the selling. There was a
brisk rally from the dip which carried st. Paul,
Canadian Pacific, Brooklyn Transit and Amaga
mated Copper to the top level again. The clos
ing was irregular. .-sA.. g.. I'd s., .,
Stock quotations reported for The Journal by
Watson & Co., brokers, Chamber Of Commerce
Minnea polls. Closing figures are bid. t.4, .,..