The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-06
S'1'IAlGNANT SPOTS
in STRONG MARKET
BUoYANT MOVEMENT CHECKED
BY FREQUENT REACTIONS.
Great Northern Preferred One Of the
Conspicuous Items Of Strength in the
Morning Trading Northern Pacific
Also Strong Western Railroads Cen
orally Prominellt.

New York, July 6.-The majority Of stocks
opened In the market today at lower prices than
last night, but some Of the market leaders made
sharp advances. Great Northern preferred rose
M General Electric and Anaconda " and
Northern Pacific point. Southern rac1nc
Baltimore Ohio and United States Steel pre-.
ferred were also a traction higher. ST. Paul, on
the contrary, fell point, New York Central
and hnickerbocker Ice u and Pennsylvania,
Reading, Brooklyn Transit and American Loco
motive large fractions. The dealings We're Oh
moderate scale. s..::$ - =.
The indecision which marked the opening was
short-lved- the market developed buoyancy In
the western railroad stocks which Impaired
strength to the whole list Stocks which had
been depressed to the extent Of point or more
made up their losses and something more. BY
the time level OF prices we'll over yesterday s
closing had been established buying shrunk to
nominal proportions and prices commenced to
ease on Great Northern preferred improved
q points, Northern Pacific 9%, American Ice
Ia, St. Paul Y and Reading, Delaware q
Hudson, and United States Steel preferred /.
International Pump gave way i, New York Chi
cago & St. Louis 8 and Minneapolis & st.. Louis
IN. ~ Pm ~. z. 50 2s> ,,ts n. E~s1
sively to a higher level than before. Dealings
were in moderate volume and another, reaction
followed before noon Great Northern preferred
extreme rise was 81, Northern Racine 5. Ana
Reading, Missouri Pacific, Colorado Fuel and
American Ice 2, Union Pacific United States
Steel preferred and Brooklyn Transit. Anal
samated Copper and Smelling / N and Southern
Pacific, Atchison. New York Central, United
States Steel and National Lead and others l.
American SNUFF sold at a decline Of 10, North
Western ~ and Allis-C Chalmers preferred and
Pullman l.. The market was steady and dull
at noon. Bonds were heavy. -. r.. -
Prices had another rise III which some leaders
such as st. Paul, Pennsylvania and Reading go
higher than before, but profit taking soon became
effective and the market became stagnant ant
heavy Reactions reached point or more II
special stocks. American Ice extended it's rise t.
points, Central Of New Jersey 2h, Lead ~
Pennsylvania 2 and Sugar. Republic Steel
Pressed Steel Car, Peoples Gas, United State.
Rubber and Distillers' Securities / to IN. Chi
cage Terminal fell !. --~
Higher prices OF the final hour were the bes
OF the day, but exceeded the previous level only
by fractions. The demand was light but dull
| at the advance. st. Pauls gain reached 8
Union Pacific 2h, Delaware s Hudson ~
Anaconda 6, Consolidated Gas IN, United State,
Steel preferred 2 and Cleveland, Cincinnati, Chi
cago 4 St. Louis, Chicago & North Western
Amalgamated Copper, marlborough metropolitan
| preferred and Brooklyn Transit lA The clos
! ing was moderately active and strong.
Close-Wheat, July, Ste; September $3.50
September, 5s4sc; December, 57%c.
Stock quotations reported for The Journal b,
Watson y Co., brokers, Chamber of Commerce
Minneapolis. Closing prices are bid