The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-11
OPENING GAINS IN
SPECIAL STOCKS
PRICES SHOW EARLY ADVANCES
] OVER SATURDAYS CLOSE.
Realizing Sets In Later and Many
Gains Are Wiped Out Loans on Call
at the Opening Were at 10 Per Gent.
but Later the Rate Was Pushed Up
ward

New York, Dec. 11.-Prices In the stock mar
ket opened generally higher with conspicuous
gains In special stocks, but there was fair
sprinkling Of small losses. the most notable Of
which was Missouri Pacific with decline OF
4s point. There were 5000 shares of Union
Pacific sold at 14O1a and 14oA, compared with
sold at an advance Of s points. There were
gains Of point in Reading, Smelling, Lead
and Hide and Leather. preferred, and Of large
fractions In Amalgamated Copper, Sloss Shelf
field Steel and Republic Steel
Prices moved aggressively upwards at some
points while In other stocks there was evil
came general before the expiration Of the hour
Union Pacific rose an extreme 2B points and
reacted IN on the realizing movement. Con-
solidated Gas gained 81 points St; Paul and
Southern stocks, Tennessee Coal, United States
Reduction preferred and Peoples Gas y points.
Sugar was carried Us points under Saturday
points. The avtivity subsidized on the reaction.
Readings Y point jump carried some of the
coalers with 1t, Delaware & Hudson rising 8
Ontario 4 Western /. pennsylvania, Chicago
Great Western and Wabash rose point, st.
Joseph & Grand Island 2, Pacific Coast Az,
ePe
some rallies elsewhere, but other stocks were
| affected still by realizing. The Locomotive
stocks, Metropolitan Street Railway, sloss-
Sheffield Steel and Linseed fell 1 point below
Saturday, and Railway Steel Spring IN. Loans
were made on call at 10 per cent at the open
ing, but advanced to 10 per cent
Bonds were irregular at noon.
Better prices prevailed for while after
midday. but realizing was renewed in force
when Tennessee Coal made an abrupt decline
| OF "a points under Saturdays closing. Later
on Tennessee Coal was rushed up nearly points
to 3D. and some western stocks became con-
Isptcuously strong st. Paul sold at 1904 a
rise of az points, and New York Central and
Southern Pacific were quoted at points
higher; Wisconsin Central preferred and Colo
RADIO & Southern second preferred and Virginia
Carolina Chemical yielded point EACH
I Impetus for Prices.
Tremendous buying Of Union Pacific and
other recognized leaders; among the railroads
| and specialties gave prices impetus, but the
advantage was slight all around Tennessee
! Coal extended its rise to 6 points, touching
/ 141. Lake Shore jumped 12a on one trans.
action. Very heavy buying Of the United States
Steel stocks at large fractional advances de-
veloped at 2 O'Clock New York Air Brake
apolis, st. Paul g. Sault Ste. Marie pre-.
ferred Ia. @
Market Irregular Again.
The rise in the United States Steel stocks
Sustained the market. but it became irregular
! United States Steel got up point, the pre-
/ ferred 15a: st. Joseph & Grand Island 8, the
jpreferred 2as, the second preferred IN, Mich
igan Central Az and Nashville, Chattanoog.
Another sale Of Lake Shore showed its gair
/ wiped out. Chicago & Alton preferred lost
points, American Car In, and the preferred
| ~. Tennessee Coal after reactng, rose tt
| l42. There was some realizing again in the
late dealings and the closing was irregular.
Stock quotations reported for The journal b,
/ Watson & Co., brokers' Chamber Of Commerce
1 Minneapolis. Closing figures are bid.