The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-08
SEVERAL STOCKS
SHOW GOOD GAINS
READING LEADS AND OTHER FA-
voRITEs GAIN ACCORDINGLY. =
500 Goes Up Points; Great Northern,
q; and Smelling 3-Market Shows
Great Breadth and Variety Later
Leaders Were Amalgalnated Copper
and Smelling. T. s* - =, #%5>

New York, May 8-rhe prevailing tendency OF
prices in the opening dealings In the stock mar
ket today was upwards for the majority OF
issues, including the speculative farorites There
portant stocks. Reading. Union Pacific and
Smelling rose large fractions. United States
Reduction preferred rose n and Pacific Coast
~: st. Louis & San francisco second preferred
lost Ia after Yesterdays wide advance. The
dealings We're on moderate scale. = nv -
The undertone of the market grew. gradually
stronger, led by Reading, which was taken with
confidence up to 1904. Other favorites were
then bought largely, notably the Hartman Pa
cities and the principal metal stocks. - =. =,
Amalgamated Copper and Smelling sustained
the market after the early leaders showed some
signs Of reaction Amongst the important gains
were Minneapolis, st. Paul and Sault Ste. Marie
4, the preferred 2E4, Smelling 3, Great Northern
preferred 2aa, Republic Steel preferred, Lead,
Colorado Fuel Wisconsin Central preferred and
Union Pacific to Ia, and Amalgafnat ted Cop
per and United States Steel a point s''}=<s
The market showed great breadth and variety
oulng the second hour. !. Realizing in earlier
strong stocks was carried on successfully without
impa1ring the, strength at new. points,. The rise
cific and Pressed Steel Car ia, ST. Paul Den
yer q RIO ~Grande and Locomotive, l Is and Erie
Atehison,: United States Steel preferred and
many. other less prominent stocks gained point
Reading second preferred sold at an. advance
OF 3As. Norfolk & Western preferred 8, Ana
conda and Republic Steel preferred tx, Cousol-
dated Gas lost 1. Bonds were firm at noon
Stocks weakened perceptibly when the usual
contraction OF dealings occurred during the noon
hour. Later, however, the advance was re.
sumed and Reading, Union Pacific, Amalgamated
copper, brooklyn Transit as we'll as other
representative stocks sold above the best prices
Of the morning
Anaconda extended its advance to SIX: Locomo-
tlVe ~, delaware & Hudson and Central Rail-
ROAD 9! New Jersey g. Amalgamated Copper and
PRESSED Steel Car III. Distillers' Securities 2A,
Union Pacific 2, Brooklyn Transit and Northern
Pacific ~ and Louisville & Nashville; ". -
High -pr1ced stocks were eagerly sought for
IN the afternoon. The more active features
Kept pace with the improvement elsewhere but
gave way more readily when the realizing began
The market steadied again after a narrow re-
action. Rea ding. after period OF rest, moved
forward again 81. Other gains reached in
Great Northern preferred and Central Railroad
Of New Jersey, AZ in Delaware & Hudson az
IN LacEawanna, in North-Western and NORTH
ern Pacific, IN in Peoples Gas in St PAM
and United States Realty and In Pennsylya-
mia. =. = o. - -. - - =
Principal sayes: st. Paul, 2e,7oo: Erie.
q, 100: Union Pacific, 1853. 500; Reading 100 $50:
chesapeake & Ohio. IL TOO; Canadian Pacific
s x0O; Northern Pacific. IL, co., Atchison 70 400:
sugar, 5000; National Lead, 121Oo: Gas. 5000:
southern Pacific, II, 700; Ana e0nda So 200: smell.
Ter. $1,000; United States Steel preferred. 12S :
400; preferred, 17,10o;< 500, 21oo preferred 200.
Stock quotations reported for Tie journal nv
watson q Co.: brokers, Chamber of Commerce..
Minneapolis: Closing prices are bid. c::,11'