The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-04
ACTIVE AT
FIRST; THEN QUIET
OPENING SHOWS HEAVY TRADING
BUT GREAT IRREaULARITY.
Large Operations Restricted TO Few
Stocks Anaconda Plays Game Of
see-sawDecline in Money Rate Has
Little Effect on the Market. Il

81 New York, Jan 4.--Stocks opened active and
very Irregular with wide declines in some OF
the speeialties and evidence of support In some
was carried up rs and Sugar and Tennessee
Coal point, On the other hand, sales OF 1000
shares OF Apaconda were made from $50 down to
ted Copper was forced down TX on running
sales Union Pacific lost L "a, Smelling 1A~ st. !
Paul and Brooklyn Trsnsit point and Ontario
western, smelling preferred and Virginia,
Carolina Chemical large fractions.
Large operations were restricted to a very few
stocks, the complex money situation and the
of the pools to liquidate calling for dis
moved readily.
Many Of the opening losses were restored and
New York Central Central of New Jersey, Loco
motlVe, Biscuit, Ants- Chalmers were quoted at
LIS above yesterdays final price. The marker
did not hold up long prices yielding again to
about the lowest at the opening or lower, Read
ing was was unloaded freely and, went from 144A
70 l4212 ANACONDA covered a very wide range.
support began after 1t got down to 251, loss
OF l9Ea and 1t rallied to 1852 Later it went
on again :, to 25s Virginia Carolina Chemical
rado Fuel, Hooking Valley and, National Lead i.
Ihere We're some rallies at II o'clock.
prices . tended toward recovery when selling
pressure relaxed and special stocks were marked
up strongly. But the demand proved languid
on the recovery and the market was quieter than
i 4 weeks, BEADING, st. Paul, Union Pacific and
Atchison role rs over yesterday, New York.
]. New Haven& Hartford 2, Railway Steel Spring
IN, Tennessee Coal TX and Kansas City South.
err, minneapolis st: Paul & sault Ste. Marie
| Cleveland Cincinnati, Chicago & st. Louis and
American Wooden !. Chicago Union Traction
preferred Tell LIZ and Atlantic Coast Line and
Pressed Steel Car I. The decline in the money
rate from 20 to 10 per cent was not taken much
account OF and stocks were heavy at noon.
Bonds We're irregular -
| Advances and declines alternated during the
afternoon. Price movements were very narrow
4 ana the market at periods was almost at a
standst1ll Kansas Texas preferred saRRed
and Virginia Carolina Chemical preferred g.
Ihere was considerable buying Of one or two
stocks that are noted for wide fluctuations, but
! the average run OF we'll known stocks was dull
ana the general movement attracted little atten-
| ton. Western stocks compared well in point
OF strength with other groups, but there was not
Inuch slgnihcasce to the buying outside OF Union
Paclhcl and Atchison. Amalgamated Copper was
heavily bought and above 1OS. Some Of
the other metal stocks were also pushed uD
strongly. Central Railroad OF New Jersey Unit
ed States Pipe and Cotton Oil preferred advanced
~. Pullman and PittsburR Chicago
| &aSt. Louis q Colorado Fuel and Union Pacific
/ IN, and Western Maryland, Kansas City South.
| ern preferred and American Car to Nv.
1t. Louis Southwestern preferred fell away
IN, Erie second preferred IL and Delaware &
HUDSON and New York. Chicago & st. Louis /.
| Stock quotations reported for The Journal by
watson d Co., brokers, Chamber OF Commerce
MINNEAPOLIS Closing prices are bid.