The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-10
DOWNWARD RANGE IN WHEAT OF A FULL CENT|s1O(
STOCKS ARE BID UP
Movement for Specials After a Very
Irregular Opening.
.RoCKIsLAND RISES; NV. FALLS
EARLY Gains Wiped Out, the Close
Being Moderately Active
and Weak.

New York, March 1o.-The tone of the
opening stock market was extremely rresu-
lar, out the changes were small and there
was no important feaHures. Colorado Fuel
made an advance of 11a and Pacific Mail rose
nearly point There was an active demand
Tor the Republic Steel stocks, but they gained
only small fractions. Dealings generally We're
on a small scale. The market recovered and
was aided by vigorous biddng-'up of special
STOCKS Large amounts o. the Colorado q
Southern stocks were taken and the COM
mon and second preferred reached record
prices with gains of rs. Rock Island rose
IA, Chicago & Eastern Illinois, st. Paul and
Texas & Pacific point OF more, and North
Western lost IN North American was un-
usually active and rose 31a, while Colorado
f'uel touched 96. There were but few note
worthy changes in the minor stocks, but Chi
cago Great Western preferred A, National
Lead preferred and Virginia Carolina Chem
zeal lost |. The latter recovered and Man
haitian Beach and Republic Steel preferred
advanced l.
The leading stocks generally did not move
widely and many of the important ones hung
below last weeks close. Missouri Pacific
lost about point. Rock Island advanced
| to 1884, North Western was suddenly lifted
AZ and there was heavy buying of Mexican
railroad stocks and bonds. Mexican Central
gained TX and the st. Joseph &sGrand Island
| stocks, Buffalo, Rochester & Pittsburg, Rub
Der Goods preferred, and Chicago Terminal
preferred improved Us. There was some
pressure against minor stocks which recently
advanced. American Ice preferred lost 212
and United States Reduction, Westinghouse
Electric and Detroit Southern preferred a
point. The market sold off before noon on
realizing, causing reaction of 2 in Rock
| Island and ~ in Colorado Fuel.
| There was very little activity in the mar
ket outside of a few specialties. Iowa Central
advanced about a point, the preferred 21s and
American Wooden preferred IA Colorado &
Southern rose in all and American Ice pre-
ferred rallied ~. Pullman lost Az on one
sale, and St. Louis & San Francisco second
preferred declined point.
| Business was very limited in the usual
| favorites and they worked slightly lower,
especially the coalers and the transcontinental
stocks. There were losses ranging up to 21a
| in United States Express and point or more
| in Bag preferred, st. Louis & San Francisco,
st. Paul & Omaha, General Electric and Great
Northern preferred American Telegraph &
Gable dropped and Virginia Carolina Chem
| ical preferred rose ". The news CT a seri-
Gus British reverse in South Africa and
reports of crop damage induced active selling
all through the list and the leading stocks
reacted point or more. Consolidated Gas
I fell under Saturday.
! The volume of selling fell away for time.
but rallies were feeble and the decline SCI
| in again.. Earlier gains were all wiped out
and net losses of 1 to 2 points were estab-
lished in a number of Coalers, Pacifcs, Penn
| sylvania, Manhattan, the high-prced indus
| trials and recently active speclalties. The
| closing was moderately active and weak al
| about the lowest. $50
! The bond market was firm. Heavy dealings
and a IA point rise in Mexican Central first
! incomes made the feature.
! Stock quotations reported for The Journa
| by Watson & Co., Chamber OF Commerce,
! Minneapolis. r ,test =
Closing figures are bid --~'