The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-02-06
not A BUSY DAY
FOR RAILROADS
DEMAND FOE TRANSPORTATION
STOCKS LIGHT TODAY.
Market Opening was Hesitating and
Irregular - Tone Became Heavy
Later, but a Rally Carried Prices to
Fractions Above Saturdays Close
Bonds Steady.

New York, Feb. 6-The opening stock market
today was hesitating and irregular. There were
sharp gains IN some prominent stocks. ana IN
other positions OF the list the tone was heavy.
Ga1ns reached q point In Delaware y duaSon'
Lead, Consolidated Gas and Realty and y large
fraction In st. Paul, Canadian Pacific and chi
cago Terminal preferred. The losses were small,
but were more numerous than the gains.
Little demand existed for the representative
railroads anu coalers at the opening prices, anu
altho the, local fractions and some OF the spe-
~cialties were bid up strongly, prices gfaauaiiy
gave way until the general tone became heavy.
Manhattan, Brooklyn Transit, General Electric,
Tobacco preferred, Wisconsin central preferred
and Kansas City Southern preferred showed gains
for a while OF l to N, Chicago Terminal pre-
ferred, Tennessee Coal and Metropolitan Secur-
tiles Ia and Metropolitan Street Railway 2b.
Losses had reached pretty substantial 1ractlohs
In many Of the leaders by IL O'clock, ana ex-
tended to In in Reading and Cleveland, GIN.
%cinnai, Chicago g. st. Louis, Ia IN Federal
Mining preferred, 2 in and IA
In the preferred.
The market rallied to a fraction over Saturday.
The local fractions were a feature, Metropolitan
Securities rising 4, Metropolitan street Rail
way 81 and Manhattan 2. Consolidated Gas
gained 31a, Realty AZ and Norfolk q western
Sugar, the Corn Products stocks, United Rail
way Investment preferred, Wooden preferred
!, Paper and Sloss Sheffield Steel l to ~. De-
troit Southern preferred fell "a, CANADIAN
Southern IN, Central Railroad OF New Jersey
IL and Wheeling & Lake Erie second pre-
ferred L.. I'd, a
Bonds were steady at noon.
Revived rumOrs of q combination between
street railway interests account for the buoy
ancy Of the local fractions which was fostered by
a 12-point jump in marlborough on the curb
Metropolitan Street Railway got up 4 and Sc
~curities 8 before the rise halted. Except fof
some extensions Of the mornings rise In obscure
stocks. speculation was quiet and without feature
between IL and i O'Clock. New York, Chicago
& st. Louis, Minneapolis, st. Paul Il Sault Ste.
Marie preferred and Pacific Coast second pre-.
ferred and Chicago Union Traction preferred
weakened to the extent of 1 to IN.
Proft-taking in the active specialt1es lowered
some of them a point or more from the highest
and wiped out Sugars gains. Railroad stocks
sold off in sympathy, but. they recovered sharply
around 2 o'clock, when the local fractions stock
were marked up to a higher level than before
Kansas City Southern advanced ~ and the pre-
ferred over 2. &
The Metropolitan stocks sagged and the de
cline in the general list carried some price!
to the lowest. The Metropolitan stocks the1
reboundcd to between 5 and 6 over Saturday
United Railway Investment preferred and AM
Arbor gained T., Biscuit, 2as, Wooden preferred
~ and Chicago Terminal preferred 2. Hooking
Valley lost 1, Delaware & Hudson H., North
western 3 and Central Railroad Of New Jerse!
S1A. Union Pacific and Illinois Central ran of
a point in the late dealings. The closing wa
easy. |~' " / q ~
Stock quotations reported for The Journal b.
Watson & Co., brokers, Chamber. OF
Minneapolis. Closing figures are bid.