The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-08-29
GREAT NORTHERN !.
:. DOES I! HIGH | III i JUMP
AN ORE LAND RuMoR PUTS THE
q ~ STOCK UP ssa .aa@h@
The Market Generally Opens Strong,
with Advancing Prices The Bulls
Are in Possession and Keep Favorites
Well Up-Decllne After Noon Met
~ ,@.!'sSr>s-, - =, ...--. ~. ,ss4
by Quick Rally. nsDsn go ~bad asi1iunal


New York, Aug. D.-The stock market opened
with generally strong tone today, with the
rise IN the international listed stocks feature,
canadian Pacific was buoyant and jumped 9
points 10 l1e. st. Paul, which closed at 1874
yesterday, sold at 175h ex-diyidend and rights,
which represents overnight rise of nearly 3
points Great Northern preferred improved 2
and Union Pacific Louisville & Nashville, On
ta<lo q western, Chesapeake Ohio, Locomo=
tive and Smelling /. block Of 1000 shares
or pennsylvania brought 49, a gain Of ~,
put small amount Of Reading was sold at
loss OF point So 49, sir 8+> -a5 "a So. T.. b.
speedy recovery of its initial loss, but the higher
ieVel again invited selling and there was
drop 70 1884,, a loss Of 8 points The entire
market was affected by this selling, st. Paul,
~ from the highest, and Amalgamated Cop
Per Norhn Pacific selling as much below
points in Reading brought about general rise
again In which Great Northern preferred figured
Tor 31a. Union Pacific and Ontario & Western
2. North Western III and Southern Pacific and
Missouri Pacific l.. Duluth, South Shore & At
lantic preferred, a subsidiary line Of the ca
madam Pacific. jumped L. The market later de-
veloped general feverishness but was quite
strong again at II o'clock.
Bull spectators had the market we'll in
mana ana buying was on large scale. Several
stocks In which. successful upward movements
nave recently been engineered were taken up
again; and there were also several others
the well-known dividend paying railroad stocks.
but there was considerable demand also for the
various metal stocks. Great Northern preferred
extended Its rise to 81, Lackawanna 8, North
| ern Pacific As, Anaconda 3, Union Pacific 3A
Colorado Fuel and about dozen others point
or thereabouts. Reading made a full recovery,
| touching 1861. Bonds were steady at noon.
The market sold of from the prices prevalent
| at noon. but rose anew when Union Pacific began
to run up. Big blocks Of this stock were alb
sorbed and 1t sold at 1888. rise Of over 4
points. Great Northern preferred jumped 10 In
| all to 1881. The rise in the stock was at
tended by the old rumor Of the expected dspo
s1t1on of the company's ore lands.
Stocks for which there was any special de-
mand as a result Of rumors in circulation con
tinued to advance notably, particularly the Har
riman and Hill groups. The eastern stocks
were also we'll represented In the upward move
ment Pennsylvania and its controlled stocks
made good showing. Union Pacific got W
8 points, New York Central IN, Pennsylvania
and Chesapeake & Ohio 2h and Delaware 8
Hudson 2. st. Paul reached 1904 and there wal
active bidding for United States Steel above 40
Reading was quiet, but ruled in the neighbor
hood Of yesterdays closing.
Stock quotations reported for The Journal b,
Watson & Co., Chamber Of Commerce, Mime
apolis. Closing figures are bid