The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-14
F 7Sc IN july AND lc in SEPT It IS DOWN And Up
Sharp Advances ii Stocks on a
Higher Opening.
WELL DISTRIBUTED DEMAND
Large Blocks Of Union Pacific Are
Bought Hardening 3
the. List. .='.,.s

:. New York, May l14.-Prices opened higher
on well distributed demand, gains reach
ing about a point in Reading, North WESTERN,
Kansas City Southern, Sugar and Hooking
Coal A higher range of prices from Lon
don was an incentive to the buying. Colorado
Fuel fell IN, which was the only notable
exception to the gains
Leading stocks fell away slightly from
their opening prices. but their relapse was
counterbalanced by sharp advances else
where Reading and louisville were the
leaders in the decline, but they soon met
support. New York Air Brake advanced
Az; General Electric, 31a North Western, 8;
North American, 2A. and Sugar preferred,
Chicago, Indianapolis & Louisville, Chicago
Terminal Transfer preferred, Pittsburg,
Cleveland, Cincinnati & St. Louis, Wheeling
& Lake Erie common and preferred, Chicago
& Eastern Illinois. westinghouse Electric
and the Wabash stocks, 1@1h. Colorado
Fuel rallied to 102, and there was point
rise before II o'clock in Union Pacific, Kan
sas & Texas preferred, Manhattan and Anal
| gamated, which rallied some of the active
| stocks to the opening level.
Prices dropped again and the reaction
! reached a point or more in Louisville. Ten
nessee Coal, Chicago Terminal Transfer pre-
ferred, North American and Evansville q
Terre Haute. Amalgamated, Reading and
st. Paul touched the lowest of the morning.
Some large blocks@Sof Union Pacific were
| bought later, and when it recovered to the
top other railroads hardened slightly on very
dull trading Hooking Valley, Cleveland,
| Cincinnati, Chicago & ST. Louis, Pressed
Steel Car preferred and Long Island were
1@1k higher. Westinghouse Electric in
| creased its rise to points and North Western
| to 6. Bonds were firm. 80
| But few of the active stocks exceeded a 7s
point range during the noon hour and many
of them were not dealt in at all. The mar
ket generally showed "a firm undertone and
ruled close to the best prices. Evansville e
Terre Haute preferred declined and North
Western. 31h, while Ann Arbor. preferred,
New. York., New Haven & Hartford, New
! York, Chicago & St. Louis second preferred
and St. Louis Southwestern preferred i'm
proved 1 to. ~. Is
Canada Southern and International Paper
i rose a point. Twin City Rapid Transit, w,
and Ann sArbor preferred IN: Rock Island
reacted a.: point, and. Louisville, Pittsburg,
Cleveland, Cincinnati q ST. Louis and Gem
eral Electric ~. The ssenistagnation Of the
market was unrelieved.asS# : IL ,@%5s*s, Il
4: Prices generally went suggishly lower, st.
Paul receding- to 16sA. s1nternational Power
fell l. Exceptions were the Ann Arbor stocks,
the common rising and the preferred S1z:
Westinghouse Electric ~, 1.-The first preferred
| 7, Virginia, Cardinal Chemical preferred 2,
and St. Joseph & Grand Island first pre-
ferred point The closing was dull and
steady. $3.50 'seaa -ts'-E -e.s-s.@-~ -.-->.-. "
Stock quotations reported for The Journal
by Watson Coz FChamber of Commerce,
| Minneapolis : L - !. 81 =
Closing figures are-bd 49,. .,...rr -,