The Providence news. (Providence [R.I.]) 1891-1906, 1902-05-01
FINANCIAL NEWS


Wall Street May There were some
striking gains among important Stockton
opening sales. burt enough prpminent
stocks showed fractional. declines. TO give
an irregular tone 10 the opening. 81,
Paul, Ill Central. Wheeling and Lake
Erie ist pfd, Delaware and Hudson, Am
Linseed and Col Fuel rose from 10 2
points. Colorado Fuel Immediately re-
atced point. There was sale OF 100
shares OF Interna tional Power at l35, COM
pared with the last sale yesterday at 10
The stock was next quoted at los bid and
las asked United States Steel declined
a on sale of 3l0O shares and the pre-
ferred fell ia on the sale OF 1900 shares.
The market showed some feverishness
resultant on the wide fluctuations I'm In
ternational Power and nervousness OF
other Industrials. st Paul. Illinois Cen
trail Louisville Northwestern, Penna and
Reading were strong, but other leaders
moved narrowly. Illinois Central reached
l55, gain of 3. and Northwestern ad-
Vanced 5ia
Railway Steel Spring, American Loco
motive and Colorado Fuel moved point
either way frequently, the first named
ruling above last nights close, New York
New Haven and Hartford dropped j
points and rallied point and New York
Air Brake dropped 1885. sale of Inter
national Power was made at ITO folloW-
ing the opening at 1885, The price then
jumped to l25 on the next transaction and
then fell of to l2o. Nashville Chat
tanooga and st. Louis rose points,
Pittsburg, G. &. ard ST. Louis Ia and
Sugar over a point.
Baltimore and Ohio, Peoples Gas. Lin
seed preferred Distiling preferred, 81.
Paul preferred Rock Island Minneapolis,
and ST. Louis. Missouri Pacific, Wheeling
and Lake Erie I'd preferred. were lifted
a point or more. Profit taking was effec-
tive in ct. Paul, Sugar, Union Pacific and
Reading.
Illinois Central reached 1855 before re-
acting to 1874 International Power con-
tirued to move sensationaiiy. brgak
to i0i was followed by rally TO ILL., with
variations of 9d10 points between sales.
Pittsburg. G. G.. and ST. Louis got up ~3+,
while Keckuk ana Des Moines fell ~.
Before noon prices gave way all around
and many active stocks fell below last
night. The reaction ran hetweem1 and :
points for the more important stocks; ks;
to point under last night. Bonds were
irregular
Pressure against the market relaxed
and there were some strong upward
movements. The recoveries generally
were moderate and the market became
dull. Louisville rose 3. Chicago. Indian
apolis and Louisville 2is and the pre-
ferred ~ Later there was heavy alb
sorption of Pennsylvania up 10 1885 New
York Central rose Ia and Baltimore and
Ohio and st. Paul recovered TO the top.
New York Air Brake rallied and react
ed 4 and International Silver dropped 4ss
on a few sales
Thedemand was centralized into a few
stocks bu those made notable progress
upwards Therise reached So. I'm Louis
vile and ga i'm Pennsylvania. Southern
Railway was also taken in large blocks
at an improvement of point and Long
Islandorse Ia. New York, New Haven
and Hartford recovered It's point de-
cline and Brooklyn Union Gas rallied Si1
from the lowest. There weFefa few tran
sactions In International Power between
106 and no. The market was below the
best at o'clock and was little more ac-
tive