The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-15
RALLY IN STOCKS
MARKS The WEEK
NORTHWESTERN RAILROAD. STU
ALTON PRINCIPAL FACTOR.
Opening Prices Today Moved Up
Strongly at Several Points, but Gen
eral Level Was Not Greatly Changed
Trading in Transcontinentals Is
Heavy.

New York. April 15.-Under the influence of
revived rumors regarding the northwestern rail-
road situation, prices rallied strongly on the
Stock Exchange this week after considerable
unsettl1ng. The carly depression was largely
caused by skepticism about these rumors, caused
by the dropping of e. H. Hartman of the Union
Pacific from the Northern Securities directora te,
uneasiness over the May wheat situation in Chi
cago had Its possible effect on the stock market.
and the possible withdrawal of gold due to needs
OF foreign markets on account of the war.
Trade accounts were highly favorable, conspic-
uously in Steel
Opening prices of stocks today moved up
strongly at some points, while the general level
OF the market little changed from last
night. a handful of stocks showing concessions
on realizing. Smelling ran off 1as and Locomo-
tive u The trading In the transcontinental
group was large and excited. There were run
ming sales of 5000 shares of st. Paul at 1876 to
1908, compared with 1874 last night, and 9, 500
shares OF Union Pacific at 1861 aud 1861
compared with 13G last night New York Central
and Illinois Central rose about a point on large
transactions. Philadelphia Rapid Transit Jumped
and the. Metropolitan stocks and Twin City
RAPID Transit rose 1. There We're large fraction.
al ga1ns also In quite number Of stocks. -.
The tone was animated and buoyant unti1
heavy offerings of the speculative fayorites
caused an abrupt check to the rise New York
central was carried point below last night and
Illinois Central as much. st. Paul gained over
points and lost half of it. On tho cnrh North
peioW 1s2 Great Northern preferred sold I'D
points to 33O. Atlantic Coast Line, Car, the
L1nseed stocks. Rubber Goods preferred, Snuff
preferred. Locomotive preferred, Realty, NORTH
American and Wooden gained to IN. Lacka
wanna rose ~ and reacted 4. Prices were car
rled under last night on the reaction in most in
stances Republic Steel preferred lost 1, Pressed
steei Car 4, Federal Mining preferred IL ant
IlttsDurg. Cincinnati, Chicago & St. Louis 3
Inc trading Immediately relapsed into dullness
| at the reaction
Atlantic Coast Line was rushed I'D 5k and lift
60 Louisville & Nashville IL in sympathy. st
raul ana Union Pacific rallied to the best If
sympathy but the general response was -lancuid
american Express gained 2a4 Pipe preferred tx
ana vulcan Detinntng l.. Prices sold Off aftel
tne appearance of The bank statement. Untor
iaclnc fell / below. last. night, St. Paul LOST
Its Its, gain and Atlantic Coast Line reacted 81
Illinois Central lost az, Delaware & Hudson ,
Iump, Tennessee Coal and Sloss Sheffield Stee
IA and Reading, Atchison, Canadian Pacific
North western, Erie first and second preferred
amalsamated Copper, Sugar, Wooden preferred
Iaper, United Railway Investment, westinghouse
Electrlc and some dormant stocks to ~ The
! closing was active and weak - -. .N
STOCK quotations reported for The Journal b,
Matsol: q Co., brokers. Chamber Of Commerce
MINNEAPOLIS. Closing figures are bid