The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-01
STOCKS OPENED
IN STATU QUO.
NO DEFINITE TENDENCY DIsCov-
ERABLE WHEN TRADE BEGAN.
Vanderbilt Favorites Of Yesterday
Very Early Developed Decided Dis
position to Drocp, and Omaha Had
Soon Fallen OFF sa One Group Of
Stocks "Goes It Alone

New York, Feb. 1.-The stock market today
opened without any definite tendency. Union Pa
CHIC, Erie, New York Central and steel Pre-.
ferred were among the prominent stocks tnAt
were quoted slightly below yesterdays closing.
On the other hand, various other leaders OF equai
Importance sold slightly above. St. LOUIS q
san francisco second preferred moved up 8 poiht.
wisconsin Central preferred ~ and Wheenne q
Lake Erie first preferred and Delaware q Hud-
son IN. orth-Western, however, dropped IA
and Chicago, st. Paul, Minneapolis & Omaha
2A.
Heavy buying Of the local traction stocks bene-
hted Brooklyn Transit n, Metropolitan Street
Railway Ia and Metropolitan Securities IN.
This diversion Offset for time the decided droop
Paul, which yielded point. Buoyant features
OF Yesterdays market, namely, Northwestern
and Chicago, st. Paul, Minneapolis & Omaha
we're l1quidated freely, and dropped and 9&
respectively. A number of stocks moved inde-
|pendently OF the current, for instance, Missouri
Pacific, Cleveland Cincinnati, Chicago & st.
Louis Reading second preferred, Wheeling &
Lake Erie second preferred, Detroit Southern pre-
ferred, Pacific Coast, tie second preferred, Chi
cago Great Western preferred A and b. North
American and International Power gaining from
II to IN. Colorado Fuel made rapid fall OF
nearly points and the generalmetal group was
quite heavy.
The market was steadied by rise Of ~ in
Reading, but continued profit taking where re-
cent advances have occurred kept the movement
mixed. A number Of specialties moved widely,
Pacific Coast rose 6h. Ice preferred 2, Leather
1, the preferred 2ss International Power and
Wabash preferred, St. Louis Southwestern pre-
| ferred and some other stocks point or more.
Chicago, st. Paul. Minneapolis & Omaha rallied
and the Northwestern preferred rose about 2
over yesterday. Amongst the heavy stocks New
! York Central, the Chicago Terminal stocks,
Amalgamated Copper, Tennessee Coal and Paper
lost to IL. Bonds were heavy at noon.
Trading slackened among the usual active fea-
lures around midday, but increased largely in
/ the minor stocks. Htgh-priced stocks continued
! to make the more noteworthy fluctuations. Lack
awanna scared 8, Delaware & Hudson 4, Pacific
1 Coast second preferred u, the United Railway
! & Investment stocks pa to 8, and the Kansas
/ City Southern stocks, Atchison preferred, Cont
mental Tobacco preferred, Sloss- Sheffield Steel
1 and Cast Iron Pipe to Ia.
] The market broke sharply and carried Union
I. Pacific, Rock Island, Duluth, South Shore &
Atlantic preferred and United States Steel pre-.
ferred point under. last night Missouri Pa
cifc and Brooklyn Transit lost their gains. Wis
! cons1n Central preferred fell ~ and North
/ western o1a. Additions to gold export engage
/ ments, bringing to the total for tomorrow tc
above 100000, had a ldisturbing effect OF
| sentiment.
Reading came up strongly again to S9N ant
rallied the general list fraction. AtchisoI
preferred touched 1O8 and the local fractions
| recovered to the best. Long Island jumped 61a
Pacific Coast ~, the second preferred So
lCleveland Lorrain & Wheeling 10 and Linsee(
preferred I. Renewed realizing made the closing
| irregular. ,rgs..,.'., s.-.
Stock quotations reported for The journal by
/ Watson & Co., brokers, Chamber Of Commerce
! Minneapolis. Closing figures are bid.