The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-26
|IARKEI Is HELD
BY UNION PACIFIC
oLD LEADERS STILL HOLD swAz
IN WALL STREET.
Northern Pacific Rises q Point, but
Great Northern Preferred Declines
Two-Limited Demand Causes Mar
ket to React Bonds Were Heavy at
Noon.

New York, Feb. 2e.-very light buying orders
were In the stock market at the opening today
and prices We're inclined to sag. st. Paul was
prominent exception, with a rise of a point,
and Consolidated Gas fuctuated uncertainty with
an ultimate decline of point. Northern Pa
cifc. Norfolk & Western. Chicago Terminal pre-.
rerred We're down q point and Sugar large
fraction.
but the general level of prices did not fall
lower and buying orders appeared after pc
Rod of dizziness which caused an advance ali
around. Recent leaders in which profitable turns
have been made We're most in demand, notably
Union Pacific, Reading, Smelling and Amalga-
mated Copper.
Speculation became less active after the mar
ket had risen above Saturdays closing and some
effect was produced by realizing here and there
but the strength Of Union Pacific held the mar
ket That stock and Reading rose IA North
ern Pacific, New York Central, Southern Pacific,
Smelling, Consolidated Gas and Distillers securi-
ties point. Peoples Gas and Manhattan fell
l and international Power sold at decline of s..
Prices continued to creep upwards with occa-
sional hats, but there were no important set
backs. Dealings were largely congested in the
leaders, especially Union Pacific, which rose 2
points. st. Paul gained IN Reading, Illinois
Central, Consolidated Gas and Central Leather
II IN to TX and Louisville 8 Nashville, Rock
preferred, Brooklyn Transit, Amalgamated Cop
per, American Car preferred. Pressed Steel Oar
and Hide and Leather preferred. l. to IN.
bOn0S were heavy at noon. Pr0ht taking on
the mornings rise disclosed a limited demand
and the market reacted. Smelling fell back a
point and Consolidated Gas 2. In the railroad
list prices were relatively better maintained but
Union Pacific. St.. Paul and Reading yielded
good fractions. Great Northern preferred dc.
cltned end Brooklyn Union Gas 10 points.
General Electric and Chicago Terminal improved
1 and the preferred 2. International Power
! recovered it's 6.point loss.
There was little energy in the afternoon deal
ings, the market showing Indifference to the
| attempts to renew buying by bidding up selected
| stocks =3t.s& -.
| Prices were a good deal affected by the move.
ment to take profits on the days advances In
| the final hour At the same time Consolidated
| Gas was forced down to fraction lower than
on the morning break and Brooklyn Union Cas-
broke 10 points. Northern Pacific reacted 2
st. Paul and Reading IN, and Union Pacific
and Brooklyn Transit I. Reading first pre-
ferred and North Western lost IN, St. Loui.
! Southwestern and Pacific Mail 1. Prices rallied
again when Canadian Pacific, Missouri Pacific
Texas & Pacific and Wabash rose a point
! Wheeling & Lake Erie second preferred 2
Wabash preferred 2H and Wheeling & LAX,
Erie IN. North Western rallied to IN ove
Saturday The recovery about restored the toI
level. Consolidated Gas ran of again at tn,
last but the closing otherwise was quiet. :.
Close, wheat, May, s7%c; July, seAc; Sep
Der, 6oisc. :" - -
Stock quotations reported for The Journal b!
Watson & Co., brokers, Chamber of Commerce
Minneapolis. Closing prices are bid. =