The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-05
STOCKS BUOYANT
AT THE OPENING
INFLUENCE OF LONDON HELPS
BULLS ON THIS SIDE.
Prices Fall OFF Later on Realizing, but
Rally Stops the Movement Trading
Becomes Dull at the New Display Of
Strength.

New York, July 5.-stocks had buoyant
opening, helped by the advances effected In
London during the holiday interval, under the
influence Of the more cheerful speculative OUT
LOOK ABROAD Great Northern preferred was
rushed up 4h. Northern Pacific Louisville &
Nashvi4ie Reading and Anaconda about 2. South
Union Pacific New York Central, Amalgamated
copper, the United States Steel Stocks Tennessee
Coal' American Ice, International Paper and
Eonsolloated Gas about point. Gains ran to a
large traction quite generally In other stocks
quoted knickerbocker Ice sold at decline of
broad. =. - - - - -,
Outside of few belated advances prices did
not expand further before realizing, which was
encouraged by the substantial character of the ad
vances, caused setback A renewal of liqui
datlon In Ice stocks contributed its influence
TO lower prices. feature Of the trading that
was commented on was the fact that the market
became duller under reaction, whereas recently
the reverse has been the case. Reading, Pennsyl-
tanla and Northern Pacific receded point
from the best. Great Northern preferred ~ and
the remainder OF the list good fraction. There
was recovery later. Smelling rising more
than points, st. Paul and Union Pacific LIZ.
American Ice yielded 2. ,&--t '@s.- '-
The new points Of strength held prices by
sympatny. but trading became very dull at tho
advance. Union Pacifc's rise reached q Other
advances were North Western 81, New York
Central and sloss-Shefheld Steel 2, Colorado &
southern second preferred and United States Re.
"uctAon a. SoIoraoo Fuel rs, Kansas & Texas
preferred and Pressed Steel Car IN and Balti-
more q Ohio, Canadian Pacific, American Car,
lnteroorough Metropolitan and Republic Steel
preferred about point. Knickerbocker Ice de-
cllned and st. Louis Southwestern preferred
" and Allis- Chalmers preferred /. Bonds were
irregular at noon.
4 Prices Rise Again.
Quiet strength pervaded the market. prices ris-
ing on new buying at intervals. Frequent move
Inents 70 take profits did not impair the under
t1ne OF the market AID between ~ aud o'clock
.ne 1aVorlte STOCKS ere quoted from / to s
Points ABOVE Iuesdsys, closing. American Ice
was Dougnt largely and recovered all of its loss
Inc market was rather heavy again at o'clock.
st. Paul, Union Pacific and Reading leading the
general reaction with decline Of a point
GREAT Northern preferred extended its rise to
~ Northern Pacific ~, Reading 81, st. Paul
rs, Virginia. Carolina Chemical 5, the preferred
n, New York Central 2H, Republic Steel pre-
terred IN, the common 1 Is and Erie, Chesap ke
Ohio Cleveland, Cincinnati, Chicago & St.
Louis, Denver Rio Grande, Sugar, Locomotive
ana taclhc Mail l.. Tennessee Coal ran OF "
and AHis- Chalmers preferred e.
Inroads on Advances.
The afternoon selling made large .inroads on
tue previous advances. Northern Pacific and
GREAT Northern preferred falling off 21a and 81
respectively. The market became feyerish after
wards, with some recovery from the lowest.
Great Northern preferred rose 6% in all,
STOCK quotations reported for The Journal by
watson & Co., brokers, Chamber of Commerce,
minneapolis Closing prices are bid
Sales. Stocks EHigh-I Low / RID / R;d-