The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-28
.SPECIALTIES LEAD
In WALL STREET
HIGHER RANGE IN LONDON FAILS
TO HOLD PRICES.
Opening Changes Are Irregular with
the specialties Showing Some Sharp
Advances and Standard Stocks Show
ing Small Misunderstanding Leads
Hardening Movement.

New York, March 2S.-The highel range of
quotations for Americans in London failed TO
hold prices IN the stock market here today, anu
the opening changes We're irregular. Sharp ad-
yances In number of specialties were mixed
with small declines in most of the standard
stocks. Brooklyn Transit was run up l9s ana
there were advances of large fractions In Read
ing, Amalgamated Copper and Colorado Fuel.
Stocks developed a generally firm tone Dut
there was little alteration In prices outside OF
Brooklyn Transit and Reading, which almost mo-
nopolized the dealings. Buying ran more largely
to the specalties than to the railroads. 1nterna-
tional Pump gained 215, Brooklyn Transit IA,
Colorado Fuel 1B and Reading l..
Special stocks moved upward at intervals, but
the effect OH the general list was not more thal
to hold 1t steady. The rise in international
Pump reached 3h, the preferred u, Cleveland
Cincinnati, Chicago & St. Louis IN, New York,
Chicago & st. Louis and Colorado Fuel and
Erie second preferred, International Paper and
United States Rubber first preferred l. .Mlnne-
apolis, st. Paul & Sault Ste Marie fell l and the
preferred 2h. Readings advance to 135 at noon
caused prices to harden in sympathy. Bonds
were firm.
Stocks that commonly figure as market leaders
were relegated to the background. and mum
Der of others were taken up for turn, especially
those which We're correlated. The Vanderbilt
group received the most distinction In this re
spect and We're traded in in quite large amounts
North Western improved 3A, Lake Erie & Yves
tern 3A, Erie second preferred Ia and the
common, first preferred, Northern PACIFIC. Peoris
e. Eastern, American Car ond Pressed Steel Ca
l to M. .- --r,
The market became stronger and more active
and wider selection Of stocks was reported
Stocks of the leading grain-carrying roads, while
higher, did not improve to the same extent ina
| minor roads Or soecialtes did. Peoria g. East
ern hardened 3Ha. Delaware Hudson. rs
Reading, ST. Louis, Southwestern preferred AM
Sloss Sheffield Steel to 2h; New York Contra
and Republic Steel IL. the preferred 2; Loco
motive. Smelling, Wabash and Great. Mortimer
| preferred IL to M: Louisville & Nashville
Pennsylvania, United States Pipe. Chicago Cniol
| Traction preferred. Virginia. Carolina Chemica
! and United States Steel l to ~. The marke
! eased off at O'clock International Pump re
ceding and the preferred Ia.
Prices wavered the rise In call money rate
Union Pacific awakened into strength with stron
| sustaining effect. That stock rose 1ss AM
Southern Pacific point. United States Stee
encountered heavy offerings at A and then ros
| fraction above that. Great Northern pre-
ferred gained 21s, Erie IA, Colorado 4 South
ern 1ss, Kanawha & Michigan and America
Car 2 Illinois Central 1 Il and Central Leather
| Smelling preferred, Pressed Steel Car and Hid
( g. Leather preferred l. ..,-..
| Federal Mining lost and Atlantic Coast Lin
| q point. There was some realizing late IN th
| day, and while Union Pacific closed at the to
| the closing generally was slightly irregular.
! Close: " neat, May, S4&c; July, ~ hc; SCI
tember S2ac. Corn, May. 5O1sc; July, 5OAt
September. 51Mc; December. soc: ::
Stock quotations reported for The Journal b
Watson & Co.. brokers, Chamber of Commerce
Minneapolis. Closing prices are bid.