The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-05
MIXED | ! !. J: tone IN
STOCK MARKET
UNIFORM ADVANCES IN LONDON
NOT FELT HERE AT OPENING. :.
Good Demand for Reading Later Re-
moves Uncertainty and Market Rises
Sharp Decline Follows an Advance
IN Call Money Rate Rally Follows
the Noon Hour -a-r.Ss. H..

- gEg9s
New York. Sept. 5-Untform advances in
americans In London did not prevent thor
oiy mixed tone in the active speculative
Ig sa In stocks at the opening here today.
vania and other recent speculative fayorites
showed small fractional gains but there was "a
long list OF declines as WELL North Western
anu american eric Ice rose about a point and Dem
W sei MO Grande and Sugar large fractions.
Northern pac1hc Baltimore & Ohio, Chesa-
peake y Ohio and National Biscuit declined a
Under the stimulus Of good demand for
Reading and Atchison the market shook off its
uncertain movement and began to RISE Stocks
mat mad been depressed recovered, and the list
III general sold good fraction above yester-
days closing. Atchison rose point, Reading
Is and Great Northern preferred IL. Near II
O'CLOCK, when operations commenced in call
loans with II per cent bid, prices weakened and
a mere was sharp decline to well below the
hrst prices Great Northern preferred, North
ern Pacific, Smelling and r,. Consolidated Gas
yielded points under last night, Baltimore 8,
0hio and Lead w. St. Paul. Union Pacific,
terred IN to 1ss and North Western, Delaware
Hudson. Louisville & Nashville, Cleveland,
chicago, Cincinnati & ST. Louis, Amalgamated
copper Republic Steel, and United States Rub
Der q point. :: -
Canadian PacIhcs decline ran to 2ss, ST.
Paul 2, North Western, New York Central,
colorado Fuel and North American IA to IA,
and Pennsylvania and United States Steel pre-.
ferred /. Selling pressure then relaxed and
there was some recovery. Smelling rallied 2%
and Union Pacific New York Central and Brook
Iyn Transit point The market became dull
and uncertain at the rally Bonds easy at noon
"A good rally set in after IL o'clock on rumors
OF goid engagements Smelling. which has been
notably weak earlier was lifted to 1914, a gain
OF ~. Atchison rebounded to 1os and St. Louis
southwestern preferred also improved a point
other stocks reached yesterdays closing figures
OF ABOVE. Realizing caused some trregular1ty
later smelling receding ".
rejected stocks were taken up for an ad-
vance, but the general list did not respond
greatly: Buying turnout was contracted by the
strisngent money conditions. Great Northern
preferred gained ~ and Union Pacific New
to 49,. A7s
Rumors Of coming relief of the money stu
atlon by action Of the treasury department kept
up the market. There was only a momentary
dip In prices when call money furried to 10
per cent. The subsequent level reached the
highest OF the day. Union Pacific, Amalga-
mated Copper and Pacific Mail rose 2 to ~
over last night. The movement otherwise was
moderate and there was some selling in final
dealings, but the close was about steady and
oo Close: Wheat. September, 777sc; December,
s2he; May May, sa% @s3Ac:1|> Corn, September,
oo&c; December. 51Ac; May, 49Mc.
stock, quotations reported for The Journal by
Watson =. Co., Chamber Of Commerce, Mime.
apons. closing figures are bid.