The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-30
PRICES ARE CUT
TO MAKE SALES.
CONCESSIONS NECESSARY nc
START TRADING AT OPENING.
Trend Of the Morning Dealings Is
Downward, with Substantial Losses
in Many Stocks-Midday Marks
Turn and Losses in Several Cases
Are Recovered.

New York March 30.-substantial concessions
We're made in prices in the stock market today
10 erect sales at the opening, the speculative
i,a leading the decline. Reading broke
"a, Anaconda g. Great Northern preferred 2
Union Pacific u, Northern Pacific, Amalgamat-
ed Copper, Colorado Fuel, Consolidated Cas-
delaware 4 Hudson and United States Rubber
Io1nt and st. Paul, Chesapeake Ohio, United
States Steel, Erie, Denver Rio Grande, Brook
lyn Transit and National Lead y. 81.
Opening prices were the lowest Of the first hour.
the market rallying Immediately on short cover
ing and supporting orders. Stocks in which We're
the greatest losses made correspond1ngly the
largest recoveries, Reading rallying LIS and
Union Pacific. Northern. Pacific, Amalgamated
Copper and Colorado Fuel II to 1. Brooklyn
Transit was bought heavily at this stage and
rose ~ from the lowest, placing it point
above yesterdays close. period Of dullness
then interviewed and there was an irregular droop
downwards with some stocks displaying fresh
weakness. Central Of New Jersey gave way 3
points, Delaware & Hudson 2, Cleveland, Cincin-
natl, Chicago & st. Louis, Minneapolis, st. Paul
& sault Ste. Marie and Pullman In and Ameri-
can Car 1. ,E~I .,.. So. ~
Prices receded again, other stocks sharing
more generally in the weakness Of the coalers.
Gall money loaned at per cent. There were sub
stantfal recoveries before noon. Reading moved
up to within small fraction of last nights
price. At the decline Great Northern preferred
showed a loss Of g. National Lead IN, 1nterna-s
tiona1 Pump ~, Consolidated Gas 1as and St..
Paul, New York Central Erie second preferred,
Car about point. Bonds were irregular at
noon. ..'..
Values improved quite steadily after midday,
but the movement did little more than restore
the forenoon losses. Reading reached parity
with yesterdays closing and Union PACING.
Southern Pacific, Erie and Amalgamated copper
went fraction above.
Speculative interest had become gradually d.
vorced from the coalers and settled quite gen
orally into the western railroad and the railroad
equipment stocks. The decline in interest In the
coalers did not any material change In
the prices, Reading and the important soft coal
stocks ruling steady at yesterdays closing fig
ures. American Car, Sloss-Sheffeld Steel and
Northwestern improved IN, the preferred 2
and Southern Pacific. Locomotive, Pressed Steel
Car and United States Pipe about point.
Rather aggressive buying in the final hour
centered in the Hartman stocks and some minor
specialties. Union Pacific and Brooklyn Transit
rose 2 over last night, Northern Pacific 24
United States Pipe ~. s. Louis Southwestern
preferred and Havana Electric IA, st. Paul
Pittsburg Coal and American Ice a. North
American / "A and Missouri Pacific, New York
Central, Great Northern preferred and Pacific
Nail 1. Hooking Valley declined ~ and Wa
bash i. The recovery in the coalers was
checked at about last nights level OF prices
Their ewas some yielding under profit taking. The
closing was about steady and quiet.
Close-Wheat S5$c; July. S3Bc; September,
s2Bc. Corn, May, 51c; July, 51c; September,
51Ac. ... .-r..
Stock quotations reported for The Journal by
Watson & Co., brokers', Chamber OF Commerce,
Minneapolis. Closing prices are bid.