The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-04-11
SMALL ADVANCES
IN STOCK MARKET
LONDON PRICES HELP AT WALL
STREET OPENING.
Lower Quotation on Call Loans Hardens
Figures, but Demand Remains Dull
Early Trading Is Repetition Of Con-
ditions Of Past Few Days with Sew
!. eral Losses Registered.

New York, April 11.-Higher prices in London
again helped to smaller opening advances in the
STOCK market here today, mixed with a few
losses. First prices in the international stocks
Were not fully up to the London parity. and
there We're some recessions after the opening
Amaigsmated Copper started VI higher and then
y .. to fraction below last night. North
American declined u.
speculation during the first hour was dupli-
cate OF the market for the last few days. Prices
went higher and then fell away rapidly on the
continued scarcity of money. The early i'm
provement reached a point in Great Northern
preferred. st. Paul, Cleveland Cincinnati, Chi
cago st. Louis Colorado Fuel, international
Pump, Pacific Mail and Sloss- Sheffield Steel
ana IN Northern Pacific. besides substantial
fractions in many other active stocks. These
advances were quite generally Cancelled and
number OF large losses registered when the mar
ket began to sas. sAmalgamated Copper, Smelt.
ing, Sloss-Sheffeld Steel and Wisconsin Central
fell to N. Third Avenue and Wisconsin Cen,
tral preferred 2 to 2A, Anaconda ~ and Pa
cifc Coast and Union Bag preferred 4. Prices
hardened again on r,lmors Of a large gold en-
gagement for import. ~ 'z,tt ~
With money loaning on call at below 20 per
cent. prices slowly hardened with dull de
mand Reading was lifted III, North Western
and Brooklyn Union Gas g. General Electric
~, Union. Pacific Nv and Consolidated Cas-
Smelling, National Lead, steels Foundries pre-
-drawal Of sovereigns from the Bank Of England
for shipment 10 New York to the extent OF
s., 250, 600 was sustaining influence In the mar
ket a.Sssa -. -
There were increased dealings after the ad-
vance had got well under way, with reports
of further heavy gold engagements. The high
priced railroad stocks We're more desired than
speeialties OF similar market value. but there
was quite thoro distribution Of strength in
stocks Of all classes. ~ ~ =. = ~.
Northern Pacific gained 8 points Northwestern
~, Great Northern preferred ~, Smelling IN
Union Pacific. Delaware & Hudson. Reading and
Pacific Mail 2. st. Paul., United States Steel
preferred and Sugar Ia, and Southern Pacific,
Pennsylvania. Canadian Pacific. Illinois Central,
Erie, United States. Steel. Locomotive, Pressed
Steel Car and Internat ional Paper l. Bag pre-
ferred made further drop to below yester-
day - - ~ "a ~ ~ @..ssi.~ss
/ Only lin tied amounts Of stocks were offered
and prices rose gradually on very light deal
ings. Amalgamated Copper and United States
Steel preferred moved up a point. II
Stocks continued to advance and call loan
| rates to yield. Prominent speculative favorites
maintained . leading place IN the transactions.
| Union Pacific, Reading Amalgamated' Copper
and Smelling rose ~ to 81, Great Northern
| preferred Az Anaconda Mining 5, st. Paul ant
Brooklyn Transit 2 to 2h; Pennsylvania, I'LL
nois Central, National Lead, Pressed Steel cal
~ to 2. and active stocks generally point
or more Cleveland. Lorraine & Wheeling sole
| at an advance of 8. The closing was near thu
best prices and strong. ~ &.tr = - ~. +
Stock quotations reported for The Journal By
Watson e. Co., brokers, Chamber Of Commerce
Minneapolis. Closing prices are. bid. ),