The Minneapolis journal., 1901-11-18
STOCK PRICES FALL
Railroads Within Influence of N. P.
Settlement Depressed.
IMPROVEMENT THAT LASTS NOT
Losses Extend to the Entire Active
List and the Market Be
comes Very Dull.

New York, Nov. 18-Stocks OF railroads
within the influence Of the northwestern rail
road settlement were depressed at the open
ing on the threat of legislative obstacles to
the plan. Union Pacific dropped IL and St
Paul point, and other stocks were lower in
sympathy, but there were points or frmness
elsewhere in the list. The gain in Denver
& Rio Grande reached 15s. American Loco
motive stocks were in demand at advances
Of about point each.
The transcontnental stocks became steadieI
when bull manipulation developed in the spe-
cialties. This was most pronounced in Metro
politan Street Railway, Amalagamated Cop
per and Consolidated Gas, which rose from
to points. The general run of stocks
however, did not vary much from last week
close, and the prices reached on the rally
were not long maintained The effect OF
selling Sugar and the announcement oi
100000 gold engaged for export forced the
market off before IL o'clock. Sugar and New
York Central declined point, Metropolitan
Street Railway 11a and the Pacihcs and gran
gers receded to the lowest.
Losses were extended throughout the active
list In the second hour on realizations and
short selling, induced by uneasness as to the
monetary outlook. Quite a number Of the
leaders ruled between l and points under
last weeks close. Pacific Mail dropped 2A
Notable exceptions were the Pacific Coas
stocks and General Electric, which advanced
145q2. Wells-Fargo jumped Is points, to 1875
American Express rose a point and United
States Express q. The market hardened be.
fore noon, but became intensely dull
The pressure increased upon less prominent
stocks, and Twin City Rapid Transit, Illinoi:
Central, Erie second preferred, Chicago, In
dianapolis & Louisville Chicago Termina
preferred, Chicago & Alton and Minneapolis
& st. Louis yielded from l to 8 points. Prices
OF the leaders were scaled down further
through midday selling, being especially fell
in Atchison. Missouri Pacific, New York Cen.
trial. st. Paul, Union Pacific, Brooklyn Tran.
sit, Peoples Gas and Amalagamated Copper.
There was an improvement in the tone of
the market despite additional engagements OF
gold, bringing the total to $6, 500, ,OOO Where
recoveries occurred they did not exceed u
per cent, but were strongly held in the face
of a later break to par by Missouri Pacific.
Other Gould stocks became easier in sympa-
thy, but the general market became very dull
The coalers rallied strongly in the last
hour, New Jersey Central rising 3, Delaware
& Hudson, 11a and Lackawanna 23s, and the
Readings also rose point or more American
locomotive gained 2Ss and the preferred g.
Metropolitan Street railway got more than
a point over Saturday. The junior Wander
bilts declined 1 to 8, but 100 share lots of
Lake Shore sold at $40, compared with 80,
the last price. The closing was active and
firm at the rally.
Bonds were easier.
Stock quotations reported for The Journa
by Watson & Co., Chamber of Commerce
Minneapolis, MINI.
Closing figures are bid