The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-16
CHANGES SMALL;
DEALINGS LARGE
OPENING ON STOCK MARKET
SHOWED GREAT IRREGULARITY.
Uniform Tendency Developed Later and
Representative Stocks Were Fraction
ally Above Tuesdays Close-Great
Northern Makes Reading
in Strong Demand.

New York, Aug. 16.-Realizing of profits CON
tended with new buying orders to make the
opening in the stock market today very irreg-
ular. The principal changes were gain of 4s
in Chesapeake Ohio and a decline Of " in
United States Steel. Minneapolis, St. Paul
Sault Ste. Marie dropped I w. The changes
generally were small, but the dealings were
large.
A more uniform tendency developed after the
opening orders had been disposed OF. All of the
representative stocks We're fractionally above
yesterdays close before II o'clock Great North
ern preferred improved 2A New York Air
Brake 81, Westinghouse Electric IL, st. Louis
& San Francisco second preferred and Federal
Mining preferred ~ and ST Paul, Union Pa
cifc, Louisville Nashville, Atlantic Coast
Line Wisconsin Central preferred, st. Joseph s.
Grand Island second preferred, Duluth, South
Shore & Atlantic preferred, Metropolitan Street
Railway and Corn Products preferred l. North
ern Pacific and Delaware s. Hudson, which had
been depressed 1@2 at the outset, made full re-
coveries, but Lackawanna did not retrieve any
of it's 5-pont break. Z .
The trading became dull for time and prices
sagged. Large buying of Reading, however,
carried that stock up 1M to a record price.
Amalgamated Copper also became strong and
rose ". Missouri Pacific, Northern Pacific,
American Ice, Pacific Mail and Corn Products
gained l and Wisconsin Central preferred lA i.
The sympathetic effect of these advances was re-
fected in the course of the whole market except
that North Western declined 11a. Reading re-
acted a fraction before noon. Bonds were 1rreg-
ular at l0at nOur
! Excited buying Of Reading started it upwarti
again with rush, and it reached 112A, rise
of 2A. There was very little inquiry for the
other coalers aside from Ontario & Western,
which rose point. Some of the western stocks
hardened fraction and the undertone generally
was quite firm. Pacific Coast advanced z,
Locomotive preferred / y and st. Louis South
western preferred and United States Pipe pre-
ferred 1. United States Realty fell off 3 aud
Biscuit ana Pacific Coast second preferred l.
Lackawanna Down.
Dealings contracted in Reading and other lead
| ers and expanded in Chesapeake & Ohio. That
stock was the feature of the late dealings, large
| orders carrying it up u to 5514. Some of the
| railroad equipment stocks improved after the
| Locomotive stocks had been bid up lR@219.
| Lackawanna added points to It's earlier loss,
making its total decline 10. Liquidation on
| Biscuit cost 1t AZ and General Electric and
| Wheeling & Lake Erie first preferred sagged !
| to IL. Illinois Central overcame, Its recent
| heaviness and hardened a point.
Closing Is Strong.
! Prices renewed the advance in the last hour
with the active dealings in Union Pacific, which
| gained 2R, Chesapeake & Ohioj2, Reading 29s
| St. Paul TX and Wabash preferred 1B. Rick
! Island preferred and Toledo st. Louis & Yves
! tern preferred were lifted point and there was
| a large absorption of New York Central, Atchi
son and Southern Pacific at fractional gains
| Cleveland, Cincinnati, Chicago & st. Louis an(
| Biscuit preferred lost IL. The closing was
| active and strong.
| Stock quotations reported for The journal by
| Watson 4 Co., brokers. Chamber Of Commerce
Minneapolis. Closing figures are bid.