The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-06
GAINS IN STREET i
But A SAG AGAIN
STOCKS ARE UNEASY THRUoUT
THE DAY.
Effective, Buying Converts Opening
Tone Of Weakness Into Strength, but
Top Figures Are Not Maintained
Hill Stocks, Reading and Other Mon
day Losers Recover.

New York. March 6.--Opening prices in the
stock market today showed sprinklng Of gains.
but they were not among the market leaders,
Central fell ", Reading TX, st. Paul and
Colorado Fuel point and Smelling n. There
was rise of point In Consolidated Gas and
Of large fractions In American Ice and Pacific
Mail. Dealings were active and widely dis
tributed.
Effective buying converted the opening tone Of
weakness into one of strength, especially In
Reading, the Hill stocks, Amalgamated Copper,
Smelling and Colorado Fuel, which were notably
depressed from yesterdays selling. Today's
losses were soon made UP, and a, good margin
obtained besides but the top figures were not
held, the market becoming dull and heavy again.
Lead: Great Northern preferred and Northern
Pacific gained IN, Smelling, Sloss- Sheffield
Steel, General Electric and Locomotive ~, and
Cleveland, Cincinnati. Chicago & St. Louis and
Sugar l. Chicago Great Western preferred
fell points. Near II o'clock the market rose
sturdily again under the leadership of Amalga-
mated Copper. which crossed 1O2.
Prices in the general list were held by sharp
advances in special stocks The southwestern
group was conspicuous. Kansas & Texas pre-
| ferred and Wabash debenture bonds rose 3,
Wabash preferred 2A, Kansas Texas Is, Col
oradO & Southern second preferred and Norfolk
& Western n and st. Louis Southwestern,
Union Pacific St. Paul and Reading 1.
| Strength among the industrials also was In
spots. The rise in Amalgamated Copper reached
2 points, Anaconda 51a, Virginia Carolina Chem
| ical US, the preferred ah, American Woolen
| 1% and the preferred, Colorado Fuel, Distillers'
Securities Cotton Oil and Hide & Leather pre-
| ferred 1. -s.-.~-- ~. - .....
The market very dull and inclined to
sag at noon. Bonds were steady. r.,
Speculation became more lively again, the
/ impetus given to the market by the confident
! buying of special stocks causing some revival
of interest in the general market. The demand
| subsidized again after the entire market had beer
placed over yesterdays closing Chief advances
| were Great Northern preferred ~, Northern
Pacific, 81, New York, Chicago & st. Louis
and Amalgamated Copper 2A the Republic
| Steel stocks and Pressed Steel Car preferred
New York Central, Kansas City Southern pre-
ferred and Metropolitan Street Railway IN
and Southern Railway Atlantic Coast Line
Colorado & Southern, United States Steel pre-
ferred, American Car Pressed Steel Car, Nortf
American, Pacific Mail and Brooklyn Transi
l1@1A. d. ~
The afternoon operations were of a desultor!
nature, the spirited early advances and subse
quent lapse into stagnation mystifying the pro
fessionals so that they did very little in thu
market. Reading was up 2ss to 130B, but sool
fell back to 12S4. Pennsylvania and Canadian
Pacific also conspicuous for a time ant
gained point and Sloss- Sheffeld Steel rose 8
4 A rally of point in Reading steadied til
list but prices slipped off again, not leaving
!: much Of the days advances. North Western AM
Consolidated Gas rose g. Comstock Tunnel, whic
sold yesterday at Zoe a share, advanced to 40
a share. A heavy demand for Southern Rail
way carried 1t UP 1 u in the late dealings, an
: United: States Steel preferred hardened to tn
best. The closing was steady in sympathy, bu
dull - a. .e.on ~.. j. =. ~ -a
Close: Wheat, May, s51ac; July, s5Ac; Sci
tember,. S4Ac. ~ = b,'2 ~. - ~. 81 ,
Close: Corn, May, 449sc; July, 4s%c; Sci
TENDER, SOC. ) '.H1EELa.7 i. @:.fa1 ~ct:s-
Stock. squotat lions reported for The Journal b
Watson & Co., brokers' Chamber of Commerce
| MINNEAPOLIS Closing prices bid.