The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-20
STOCK MARKET
TAKES A BRACE
LONDON DEPRESSION FAILS TO
INFLUENCE WALL STREET.
Prices Rise Almost Without Exception
Following the Opening ~ Operations
in Industrial specialties Are Con-
spicuous- Snuff Makes an
Advance Of Fifteen Points.

i New York, Oct. 20.-The heavy tone Of the
London market was without influence in the
opening transactions In the stock market here,
ton. The industrials were prominent, General
Electric and Republic Steel preferred rising
about point and Locomotive and Central
Leather large fractions. Canadian Pacific and
Missouri Pacific also showed sharp fractional
gains American Car reacted " from it's ad-
vance of yesterday.
Operations We're conspicuous in several in
posed to follow up the broadening speculation
IN these stocks, comprising, as they did, q
large percentage OF the total transactions. Rep
resentatiye railroad stocks moved in harmony
with the specalties, but their advances were
less significant. Locomotive was the leader, and
| Its jump of 2A was supplemented by a 2-point
rise IN Tennessee Coal. ~ in Railway Steel
Spring, sloss- Sheffield Steel and Northern Pa:
cihc. IN in Central Railway of New Jersey
| and American Woolen, and to IN In Missouri
Pacific, United States Rubber. American Car,
Pressed Steel Car, Colorado Fuel, Alls- Chalmers
trio -p -. 49, ''''' 80.
There were some reactions on proft-takng,
but other Industrial stocks were pushed for.
ward into prominence. The railroad list made
some progress, but moved narrowly. The rise
IN locomotive reached 3A to SO, and American
wooden rose as much. American Snuff sold at
an ADVANCE OF 10 points, United States Rubber
gained 3, United States Reduction preferred
and International Paper, Corn Products, Steel
foundr1es preferred and New York Air Brake "a
point. In the railroad list St. Paul, Louisville
q Nashville. Atlantic Coast Line, Norfolk 8
Western, Delaware s. Hudson, North Western
minneapolis q st. Louis, Fort Worth & Denver
CITY and Colorado Southern preferred at ad
vances Of to "a, and St. Joseph & Crane
Island second preferred 2. Bonds were steady
| at noon. IA s5.s - ~. .E..
| The market broadened out materially durins
the noon hour and embraced number Of rail
| road stocks after moving practically every in
| austria! stock In the list The volume of bust
ness also increased considerably The coaler.
and the trunk lines and number Of high
priced railroad stocks led in the movement. Cen
! trail Of New Jersey rose s, Delaware & Hudso,
! 33a, Northern Pacific 3A, North Western ant
Reading, New York Central, Union Pacific. ILL
| nols Central and number of others q poin
! or over. In the industrial department American
District rose 5 and Sugar, Corn Products pre-
| ferred and North American or more
| The market reflected the realizing sales Of tn
traders, but the slightest reactions led to dull
ness. Subsequently there were renewed bullis]
demonstrations In various stocks, particularly
Brooklyn Transit which rose 2 points. TIL
Metropolitan stocks and Baltimore & Ohio ais
advanced 1. United States Realty 1A and Lon
Island 81. Lackawanna dropped is and Pull
man IN. DIX ~ -
There were advances Of 81 in Locomotive pre-
ferred, az in Minneapolis, st. Paul and Saul
Ste. Marie preferred and IL in Vulcan Tinnin
and In Hooking Coal. The general list was If
clfned to slip back with subsistence Of activ
demand. Brooklyn Transit made late rise t
about 76ss and sustained the market. Souther
Pacific and United States Steel came into til
1-point gains. The closing was active an
| strong
Closing quotations reported Tor me Journ,
by Watson 4 Co.. Chamber of Commerce, Mil
| neapolts, MINI. Closing prices are bid