The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-24
STEEL STOCKSLEAD
The Market. AGAIN
COMMON REACHES AZ, RECORD
FOR THE MOVEMENT.
AInalganlated Copper Also Is in Heavy
Demand Grain Carriers Experience
Wave Of Confident Buying, Atchison
and Beading Movements Impressing
Room Operators-General Stiffening
Turnout Market. s.54@@,st

New York, Aug. 24.-The stock market opened
with the recent familiar rise In prices and
with activity on large scale. There were
being from 46N to 4st on transactions Of
1000 shares. Blocks Of 5000 to 5000 shares OF
other stocks were purchased with AmalEamated
Copper In heavy demand. st. Paul, Atchison.
Canadian Pacific. Reading. Louisville & Nash
Vile, Amalgamated Copper, Locomotive and
ciac 2, Great Northern preferred 2h and Ana
Enough buying orders were IN the market
to Offset the realizing that the opening advance
produced and prices were put higher.
Confident .na buying Of the grain carriers
tnre and there also was q substantial inquiry
for other representative stocks. United States
Steel touched At, record price for the move
in Consolidated Gas, 2h In Atchison, IN In
st. Paul and Reading. and l.. to IN in. Penn
syiysnia, New York Central Union Pacific,
Southern Pacific, Smelling and Brooklyn
Transit. About IL o'clock the market gave way
fractionally and became quiet. -,
Room operators were impressed by the buy
Ing in Atchison and Reading, and bought ex.
the latter to over 141. Elsewhere there was
general stiffening in prices the market ris-
Ing TO parity with the best prices OF the
first hour or above. Practically all stocks Of
speculative prominence were up point or
more by midday. Brooklyn Union Gas and
American Express jumped 8 points and Sugar 3.
Mammalian lost rs. Bonds were irregular az
noon. .ntt .r4.,s4r >. -. 81 . = :
Spells Of dullness were relieved by an out
break Of buying In some selected stock which
would carry the whole list with it for a time.
| Considerable Of the. limited business between
~ and o'clock was in the specialties, with
Lead and International Pump figuring largely.
Lead gained i n and International Pump IN. In
the railroad section Union Pacific was again the
dominant factor, large orders raising 1t to
1s4h and stimulating buying Of other western
| stocks.
Business contracted greatly during the mid
die Of the afternoon, but there was no termi-
| nation in the marked strength, selected stocks
continuing to go up aggressively High priced
Western Union Pacific and the Hill stocks,
| were in keen demand. Great Northern pre-.
ferred extended its rise to AZ points, st. Paul
Union Pacific, Northern Pacific and North
| Western aud southern Pacific, Missouri Pacific
Rock Island preferred, Smelling and Inter
I borough Nj tropolitan, 2 to IN. 80. s..-..
| : Profits on the days rise too allurinH
! to resist, and stocks were offered freely after
| delivery hour. Reactions in some cases Went
well over point, but IN the last fifteen min
utes sensational buying of Union Pacific ant
| Southern Pacific strengthened the market again
| Very large amounts Of Observation-Disclosures
tan were bought at an advance of four points
| and Union Pacific Jumped 63s points to lS9
Southern Pacific sold at 92as. The closing wal
| animated and very strong 7.+f>
! Money Oh call strong, Hos per cent; ruling
| rate, per cent; closing bid, 3A per cent; offer
ed at 1 per cent; time loans, strong: 60 days
| per cent; 80 days. 6@6A per cent; six months
| cer cent. 49, .''<NS =
Stock quotations reported for The Journal b,
| Watson >. Co.,, Chamber of Commerce, Mime
| apolis. Closing figures are bid.