The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-18
STEEL TOUCHES A
NEW HIGH POINT
ADVANCES THE RULE UNDER
HEAVY BUYING OF STOCKS.
Reading in Conspicuous Demand with
Price Climbing Rapidly-dessation Of
Buying Causes Declines Later Anal
gamated Copper and Anaconda Feel
Pressure.

New York, Jan. 1s.-Prices In the stock mar
het tooay opened fraction higher than last
night In the general list and some Of the spe-
cialties showed wider gains. Smelling was up
3ss and National Lead 3, Reading 1sk. Colorado
tuel about point and Wabash a large frac-
ton. Amalgamated Copper opened down a small
Iractlon and then rallied to, above last night.
Consolidated Gas lost a point. S&
There were some indications of profit taking
aIter the opening advance, but this only ex-
elteu mOmentary effect and there wasaa further
SUBSTANTIAL advance before IL O'Clock. Read
Ing was the principal feature blocks Of many
thousands of shares being bought during its ad-
vance Of 3h to 1883. Some of the other nota-
ple gains We're United Railway & Investment
ana New York Dock 8, Colorado Fuel, Delaware
y Hudson, Union Bag preferred and Detroit
United .kailN ay IN to 21h, Atlantic Coast line,
Great Northern preferred and Colorado Fuel
preferred 2, Kansas & Texas preferred LIZ and
canadian Pacific, Minneapolis, st. Paul & Sault
Ste Marie, the Wabash and Louisville & Nash
vile, Kansas City Southern preferred Amalga-
mated Copper, Union Bag and Knickerbocker
zee preIerred point or more. Metropolitan
securities fell n and Allis- Chambers pre-
ferred 1. ES.-7
The southwestern Changers became strong and
checked reaction which carried Amalgamated
Copper down to Ill and forced a number Of the
Pacifcs and other prominent stocks below last
night. Ihe movement in the southwesterns was
supplemented by sudden awakening in mum.
Per OF dormant industrials and United States
Steel preferred advanced to a record price at
Ito. Wabash preferred gained On, Missouri
Pacific 2, and Texas & Pacific Rock island pre-
1erred, Toledo Southwestern, National Rail-
road OF Mexico preferred, Chesapeake & Ohio,
Duluth, South Shore & Atlantic preferred and
Long Island to ". OF the specialties Wells
Fargo rose Z, Federal Mining s, the preferred
,n. Union n. Bag preferred az Hooking Coal &
Linseed ~, the preferred 2K, American Wooden
rs, and American Telephone l.
Bonds were firm at noon
Enormous buying Of Reading was resumed
| In the early afternoon and It jumped over 4
points to 149h Chesapeake & Ohio also rose
N: The general active list was subjected to
further realizing which carried Analgamate1
copper back to the lowest and Smelling "a
| below the top price. Long Island improved 2X
and st. Louis Southwestern and Central Rail.
read Of New Jersey /.
reduction In the buying rather than the
eject OF any extensive selling contributed to a
decline in which number OF the specialties
Tell sharply. Amalgamated Copper sold nearly
point below yesterdays closing and Colorado
Fuel small fraction. Over night losses reached
on IN Anaconda, LIZ in Hide & Leather pre-
ferred and to. N in Manhattan TENNESSEE
Coal and Metropolitan Street Railways TIT
railways did not suffer proportionately with tht
/ 1ndustrlals and there was later recovery l,
which Reading after reacting point went agar
to above 149. American Agricultural Chemica
advanced 4 and American Telephone 8.
High and low, 500, 1904 1914. 20
Total sales, 1903 1O0 IS
safest. Paul, 1900; Erie 2o,2oO; Unto,
racine, ITO, 600; Wabash, 20, 800; Reading 1919.
400; Canadian Pacific 1880; Texas, 13, 800
Atchison, II, 100; Rock Island, 81, 700; Brooklyn
srn lo9 y Sou Southern Rsilway 1900 Great West
46,9O0; preferred, q 400; A1nalgamated 273, 700
Stock quotations reported for The Journal b,
Watson y Co., brokers, Chamber Of Commerce
1 Minneapolis. Closing prices are bid. - -