The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-09
BUYING ORDERS
Put PRICES UP.
STRONG UPWARD MOVEMENT
STARTS AT THE OPENING.
Strength in London Helps the Advance
Hill Group Among the Leaders
with Big Early Gains-Atchison Of
fered Freely Reading Feature.

New York, March 9.-Large buying orders
caused opening prices In the stock market today
to mount vigorously with wide gains in
Der OF the specialties. Strength In the London
market helped the opening here. The rise in
Sloss Sheffield Steel reached 31a, Sugar 2, North
ern Pacific Ia, Great Northern preferred "a,
n ,Ig. Amalgamated Copper, Locomotive,
United States Rubber and Denver & Rio Grande
point, and many Of the active stocks a large
fraction.
After the usual wayering and realizing Incl
dental TO strong opening, In which the Hill
group, Reading and Atchison reached point
the market moved aggressiyely upward with
buying Of Union Pacific and the coal stocks
feature. More general interest was displayed
IN IN the market than for some time, the pur-
chases comprising q large variety Of stocks in
which the gains Were significant Atchison was
fed out literally the rally, and the inability
OF this stock to recover contributed to slight
railing on at II O'Clock. Lead improveds.3A,
North Western ~, Smelling. Brooklyn Transit
and the st. Louis Southwestern stocks - @1A,
and st. Paul, Union Pacific, the Eries Norfolk
& Western, Louisville s. Nashville and Illinois
Central 1@1A. -
An advance Of ~ in Reading was a feature.
disposition to take profits caused an irregular
movement for time, but new points of strength
were developed Great Northern preferred rose
preferred ~, Illinois Central, Brooklyn Tran
sia, Twin City Rapid Transit, Lake Erie &
Western and Amalgamated Copper 2, Locomotive
Ia and New York Central, Delaware & Hudson,
OHAtCu osoLcS 0SScAs SouSo1uAIeO udS, alAciACoh
Oar preferred and Pressed Steel Car point or
more Bonds were steady at nooA-
Very little restraint was placed on the move
ment of prices and the fluctuations in special
stocks were wide. In a general way specula-
ton showed Increasing confidence the long
side of the market. which even the persistent
pressure against Atchison did not seem to
diminish. Pretty nearly every stock that had
any claim to prominence was numbered in those
that were quoted point or more above yester-
days closing. International Power bounded up
g., Great Northern preferred 81, Lead OK, New
York, Chicago & st. Louis 81, Smelling and
Brooklyn Transit 8, Amalgamated Copper PA,
Colorado Fuel 2%. Ontario & Western and Vir-
ginia Iron 2, and Atlantic Coast Line, Missouri
Pacific, Southern Pacific and American Car
1@1A. FAA$-ys.T - @.. ~
Prices suffered temporary setback well in the
afternoon, but the recessions were more than
made up later when Amalgamated Copper be-
came buoyant. Railroad stocks were not SO
actively, dealt in, the demand centering mostly
in the specialties. Amalgamated Copper got up
points and Anaconda H. St, Paul rose l "A and
New York, Chicago s. St. Louis s.. t.....
The attraction of profits on the days rise
induced considerable selling during the final hour
and resultant reactions which ran to and 1ss
Brooklyn Transit and Colorado Fuel. There
were advances in New York, Chicago and St.
Louis of 61a the second preferred 2, St.. Joseph
l. Grand Island second preferred 6, Lake Erie
& Western 3, Knickerbocker Ice Il and United
States Rubber second preferred 2 Prices rallied
again and the closing was firm and active.
Stock quotatio reported for The Journal by
Watson & Co., brokers, Chamber of Commerce,
Minneapolis Closing prices are bid.