The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-19
MARKET SHOWS
GREAT ANIMATION
LARGE ADVANCES AT OPENING
START MOVEMENT UPWARD.
Demand for Reading Lifts Price
Quickly to 1852 -Bullish Enthusiasm
Runs Riot at Several Points, but
Selling Keeps Prices Within Bounds
Advance Before Noon Is Almost
Universal.

+ New York. jan 19.-There were large ad
yances In special stocks at the opening of the
stock market today, the metal industrials, the
Goulds and Reading showing conspicuousy.
Prices were fraction higher all around in SYM
pathy, congestion of buying for 10000 shares
OF Reading made it sell at the opening, all the
way from 100 to 151 " compared with 14sh
last night The price subsequently rose to
l52 In Missouri Pacific $500 shares sold at
LOS and 1061a compared with 1855 last night.
Smelling and Colorado Fuel were up points,
Consolidated Gas -, National Lead IN, Lin,
seed rs, Pressed Steel Car, Wabash preferred
and Chesapeake Ohio point. and Ontario &
Western Locomotive and international Pump
large fractions. Amalgamated Copper sold first
at decline Of ", then at last nights price
and subsequently rose a small fraction.
Bull1sh enthusiasm rioted In individual cases,
but there was enough stock offered to keep a
majority Of the prominent stocks within frac-
t1onal distance of yesterdays close. Stocks
| IN which there is relatively small public
| participation went UP in sensational manner,
but their strength was Of less effect on senti-
| ment than the buying of st. Paul, Union Pa
cifc, New York Central and Reading Some
| Of the more important gains were the Linseed
stocks, 4A@4%; Consolidated Gas and Inter
national Pump, By; the preferred, 215; st.
Paul. Pacific Coast and Havana Electric, 2 to
IN; st. Louis Southwestern preferred, Northern
Pacific Ontario & Western, National Railway
OF Mexico preferred and Mexican Central pre-
ferred, III to H., and Union Pacific, New
York Central, st. Z Louis Southwestern, Balti-
more & Ohio, Louisville & Nashville Sloss-
Sheffield Steel, the Allis-C Chalmers stocks,
| American Agricultural Chemical, New York
Dock and Hooking Coal. to IL. United States
Express fell q and Metropolitan Securities 1 n
! The. market showed great animation and
buoyancy during. the second hour. The points
OF strength We're exceedingly various and de-
veloped continually without regard to occasional
realizing In some stocks The uplift of prices
to the extent Of point more almost
universal. More conspicuous movements were
Reading 4, Atlantic Coast Line 8, Louisville &
4 Nashville and Reading second preferred O. South
ern Pacific H.. Southern Railway and Illinois
Central L. Pacific Coast IN, second preferred
BIZ, Anaconda TO- Amalgamated Copper ant
8 Brooklyn Transit q, American Telephone 3%
and Sugar, International Paper and Metropoli
tan Street Railway 1 or more.
Bonds were firm at noon.
Reading. Union Pacific and Smelling were
fractionally higher than in the morning, and the
general market was we'll sustained on large
volume of business. Chesapeake & Ohio touched
COY, rise of points,, and Pittsburg Goa
gained III. 81
, There was apparently no limit to the demand
for Reading, the tape frequently recording hug
consecutive transactions at an extreme advance
OF 6h. Anaconda made one of its characteristic
movements, bounding up 1917 to 274. Pacif,
Coast also shot up a91a, Chicago s. Eastern I'LL
nois preferred certificates g. Westinghouse Elec
: trio 3. Great Northern preferred and Genera
Electric "a, Chicago Great Western preferre,
B TX, Chicago Terminal preferred IN an,
United States, Steel preferred, Pennsylvania an,
Erie l. Around o'clock there were some re
i actions. Saa $
Wheat. May. e1%c; July, seMc. Corn, :Janr
Stock quotations reported for The Journal b.
a Watson & Co., brokers' Chamber Of. Commerce
Minneapolis. Closing prices are bid. * H.