The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-19
STOCKS EXCITED
At THE OPENING
REACTION FROM YESTERDAYS
DEPRESSION IN WALL STREET.
Speculative Favorites Show Wide
Changes Thruout the Mornings
Trading - Pennsylvania Especially
Affected by Negotiation Of Big Loan
in Paris.

New York, June 19.-Trading In stocks at the
opening today was excited and active at smart
rebound from yesterdays depression. Many Of
the speculative favorites showed wide advances
tennsylvania was especially affected by the con-
clusion OF the negotiations for loan in Paris
The hrst sale was OF 100 shares at 1905, fol-
lowed by 200 shares at 1904, and then followed
Dy 10 600 shares all the way from 131 to 1885,
compared with 120h last night Northern Pa
cifc rose points, Anaconda on, Great Northern
preferred 2, Reading TX and Union Pacific, st.
Paul Illinois Central, Baltimore & Ohio, Con-
solidated Cas- Amalgamated Copper, Smelling,
locomotive, Colorado Fuel and Brooklyn Tran.
SIT from to ~. There were many gains of
large fraction. Interborough Metropolitan
stock which has been pegged at 80 for several
days past, broke violently thru that support,
with a decline Of 81 points on the enormous
offerings.
The rout Of the short interest furnished good
market for profit taking. This selling wiped out
considerable portion of the opening rise. Ana
conda reacted 2h, Pennsylvania tx, Northern
Pacific ! n and st. Paul, Reading, Great North
ern preferred, Locomotive and Consolidated Gas
J. lnterborough Metropolitan went down to
46A, and the preferred also lost /. Renewed
substantially. st. Paul, Reading and Union Pa
cifc sold fractionally higher than before Union
Pacihc's gain, reaching points. Pennsylvania
recovered point to 1917 and became feverish.
sequence were made, such as 3 in Michigan Cen.
tral. In General Electric, in North Western.
~ In Lead, IN in New York Central and in
Cleveland. Cincinnati Chicago & St. Louis, Den.
ver.& Rio Grande, Missouri Pacific and Norflk
& Western. Minneapolis, St. Paul & Sault Ste.
Marie exceptionally fell of 2, Sloss Sheffield
Steel IN and Tennessee Coal /. Interborough
Metropolitan broke again to ASH and the mar
| ket became unsettled. - ~.
Prices made another advance with eonspicu
Gus strength in Reading St. Paul and the Metal
| stocks. Gains reached! In Lead 8%, Anaconda
4. Reading and Delaware & Hudson 2s, St
Paul "a, Baltimore & Ohio e. Amalgamated
Copper ~ and United States Steel stocks and
Louisville & Nashville, Erie, the second pre-
ferred and Southern Pacific 1. The successive
breaks in Interborough Metropolitan had an I'M
settling influence on the rising tendency else
where. That stock sold as low as AN in the
second hour, the preferred lost ~, Westinghouse
Electric 3, New York. Chicago & St. Louis sec
1 ond preferred and st. Paul preferred ~ and
| Lake Erie & Western 1. Bonds were irregula,
! at noon. ,'-.-.< ,. .s-: ,-s.l& 1.-'.
! The market continued steady but the fuctua
| lions were narrow, very few Of the leader,
| varying more than half point. st. Paul rose t.
| 179 and slipped back to 179.
More steadiness was observed in the Afternoon
| than in the morning tho business was very mea
gre. The Pennsylvania group was most in de
mand, and Reading rose to a new high level
Pennsylvania rallied to 1872, Reading crossed
| 188, Baltimore & Ohio reached 118 and Chesa
| peake Ohio gained point.
! Stock quota lions reported for The Journal b,
| Watson & Co., brokers, Chamber of Commerce
| Minneapolis. Closing prices are bid.