The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-09
TRADE CONDITIONS
GIVE STOCKS LIFT
FAVORABLE TALK STARTS WALL
I STREET oIIQUEs INTO ACTION.
Metal Industrials Are Bid Up Materi-
any-Profit- Taking Pursued in Ger
tain Lines, but Causes Slight Change
Anaconda Plays Game Of see-saw

New York. Jan. 9.-The stock market opened
active and generally higher, but there a
sprinkllng of losses, including some influential
specialties. Cotton OH rose ~ and Lead, Cen
trail Leather. Colorado Fuel ami North Western
about point. Atchison and Reading were up
large fractions. There was a decline OF about
a point in Locomotive.
Talk Of encouraging trade conditions reused
into action the various pools and cliques operat-
Ing In the metal industrials and they We're bid
up materially. Except for the unusually large
buying OF the less active transcontnental stocks,
railroad shares were not conspicuous. Few of
the noteworthy advances We're Tennessee Coal
3A North Western and the Republic Steel stocks
3h, Great Northern preferred 3A, General Elec.
trio ~, Virgnia-Carolina Chemical 342, sloss-
Sheffield Steel, United States Realty and Cotton
on 2. American Car Y and Northern Pacific,
Norfolk & Western. Minneapolis, St. Paul &
sault Ste. Marie, Sugar, Pacific Mail, United
States Pipe, Twin City Rapid Transit, Pressed
Steel Car and American Ice 1@19s. The gen
eral active list was sold heavily later, Union
Pac1fc yielding a point from it's highest and
Amalgamated Copper selling as much below yes
terday's closing. Anaconda dropped 10 points
to $50. st. Paul exceptionally showed strength,
rising to 1S4A. II -.,r. .s..s -. l. r.
Brooklyn Transit. rose conspicuously Ia and
st. Paul was strong at an advance of H. United
States Steel preferred gained "a at 1918, a
record price, but the common was sold to take
profits North Western rose an extreme 5, Chi
cago. st. Paul, Minneapolis & Omaha 2s4 st.
Paul preferred 2, Westinghouse Electric ana New
New York. New Haven & Hartford, MetropoH
tan Street Railway and Hide & Leather pre-
ferred about a point. There was steady profit
taking In other. quarters of the list, notably
Union Pacific, Reading, Amalgamate Copper
and others. Consolidated Gas fell ~. Penn
sylvanta rose point at noon.
/ Bonds were active and firm. There was large
buying of the Burlington joint As. ,:-
Buying of an aggressive character developed
! in new quarters. several of the stocks that had
been conspicuously backward in the morning be-
| coming very strong. There was good deal of
! realizing at one point another, but very few
of the important leaders affected more
than small fraction. St. Paul fell back to
about 1874 and Sugar also lost it's 1-point gain.
Reading and Western Maryland improved ~
and Southern Pacific, Minneapolis. st. Paul &
| Sault Ste. Marie preferred and Corn Products
preferred l. On the other hand New York
| Central and St. Louis Southwestern preferred
yielding point, and Beet Sugar ". Anaconda
made a full recovery of its 1O-point loss.
! prominent trading operations were suspended
for while and business fell off greatly, with
| very little change in prices. Yesterdays sensa.
tional movement in Tennessee Coal was dupli
Gated, the stock running up 6 points in a
brief time. Minneapolis, st. Paul & Sault Ste
Marie gained 6 and the preferred 2. Delaware
& Hudson was also in demand and rose IA
Duluth, South Shore & Atlantic rose 1ss anG
: IFS. Sugar was offered down steadily until II
had declined over point below last night.
Stock quotations reported for The Journal by
Watson d Co.. brokers' Chamber of Commerce
Il Minnea polls Closing prices are bid ..f.- 90