The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-06
500 REMAINS HIGH
Another Substantial Advance In
Preferred.
DEMAND FOR NEW FAvoR1TEs
lar, but Broad and
Active.

New York, Feb 6-There was very active
demand for a number Of stocks which were
1avorites In Yesterdays speculation. Metro
polltan Street Railway jumped 2as and the
otner local fractions were strong in SYM
pathy. Northwest rose ~ on the transfer
OF l,0O0 shares, and United States Express
opened up 3h. There was a gerry large alb
sorption of United States Steel stocks and OF
Southern Pacific, but their advances were
| fractional Amalgamated Copper ran off after
opening up q fraction.
The market became feyerish and yielding,
Amaigamated Copper and fractions leading
| the reaction. Metropolitan Street Railway
and Sugar fell back to yesterdays close and
Amalgamated over point under. Southern
Pacific and recently prominent specialties
rose strongly, but the movement was very
uneven. The advance reached ~ in 500 pre-
! ferred, in Cleveland, Columbus, Cincinnati
& st. Louis, 2as in Illinois Central, 2 in Lake
Erie & Western and point or over in South
ern Pacific, Canadian Pacific, Baltimore &
Ohio, Nashville, Chattanooga & st. Louis,
| Iowa Central, New York Central, Wheeling
& Lake Erie and Consolidated Gas. Lacka-
| wanna declined 1A. The grangers, Pacifcs
and United States Steel fell back, some of
| them falling below last night, and pulled
back Southern Pacific and checked the up
| ward tendency elsewhere. The market hard
! ened again before IL o'clock.
Buying developed at several new spots,
| while there was selling at other points, nota-
bly, in Sugar and Amalgamated. Pennsylva-
MIA was prominent in the rise, and its gain
Of 1b was reinforced by similar or larger
gains in Toledo, St. Louis & Western pre-
! ferred, Iowa Central preferred and Rock
! Island. Southwestern stocks rose 2az and
! "a respectively for the common and preferred
| and Illinois Central touched 140A. Lacka-
wanna fell point further and American Ex-
! press and United States Express were also
point lower. The tone of the market was
rather heavy and dull at noon.
Large buying of Sugar carried il to 1891,
anp Amalgamated Copper recovered it's de-
| cline. United States Express rallied to 6 over
| last night and Northwest rose in all. st.
Paul gained point and Wheeling & Lake
Erie first and second preferred 11a each
| Lackawanna lost Az in all and Distiling pre-
ferred reacted a point The prominent stocks
fell slightly below their best but there was
no pressure of offerings at any point. Third
| Avenue advanced 61a, st. Paul & Omaha pre-
| ferred Az, Cleveland, Cincinnati, Chicago &
| st. Louis, 3h; Peoria & Eastern, 21a, and
| Erie second preferred, Canadian Pacific and
Chicago, indianapolis & Louisville, l. United
| States Express continued its rise to 1874
Large buying orders We're placed in Southern
Pacific again. and the Pacifics sold at the
highest of the day.
I The demand slackened, but prices were well
maintained. Lake Erie & Western moved
suddenly upward 4 points and the preferred
6 on light transactions. Cleveland, Columbus
| Cincinnati st. Louis 4, and New York Cen
! trail rose 2. Rock Island advanced 21a Den
yer & Rio Grande preferred 2, common rs
Iowa Central preferred 21a and American Elk
pressed, Chicago, Indianapolis & Louisville
preferred, United States Reduction preferred
| rose 1@11a over last night. There was some
realizing, which made the closing rather ir.
| regular, but broad and active.
! Bonds were firm. "
] Stock quotations reported for The Journa
Minneapolis.
I Closing figures are bid. 2s7 LII