The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-08
THEY MOVE UPWARD
The Tendency Of Stocks at the
Opening To-day.
ST. PAUL WAS PROMINENT.
Profit Taking Then Lowers Prices
All Around and Duller
+. Trading Results.

New York, May S.--The opening tendency
of stocks was strongly upwards notwithstand-
ing few declines in the specialties. There
were opening sales OF 5000 shares of Reading
at 66 to 66A, compared with 65k last night.
Louisville rose 1la and Their was heavy buying
of Southern Railway at a fractional gain. Ad-
vances reached about a point in Union Paci-
fc, Canadian Pacific, Chicago Great Western
and Kansas City Southern. Tennessee Coal
dropped IL and Northwestern 2.
Prices generally rose well above the opening
but the largest gains were centered in the low
priced stocks and few Of the active leaders
which have recently been unusually promi-
nent. These included st. Paul, Reading COM
mon and the second preferred, Union Pacific,
Canadian Pacific, Southern Pacific, Southern
Railway, Louisville Metropolitan Street Rail-
way, Chicago Great Western preferred "B',
Chicago, Indianapolis & Louisville, Chicag 90
Terminal Transfer preferred, Wisconsin Cen
trail. Fort Worth & Denver City stamped,
Kansas City Southern and Cotton Oil which
improved 1@2 points. New York Air Brake
dropped Az, North American, Tennessee Coal
and United States Express 2 and Colorado
Fuel ~, Proft-taking sales in the Coalers,
St. Paul and Union Pacific, then lowered
prices all around and trading became dull
The referees decision affirming the consti-
tutionalty of the franchise tax caused lioui-
dation in stocks of local municipal corpora
tons resulting in extreme losses of from l to
points with Metropolitan Street Railway
leading. The general market was not much
affected by this selling and when Reading was
marked up above 81 the entire market rail-
lied. The local stocks recovered 1872 points
and Colorado Fuel Cancelled it's loss. Prices
elsewhere did not recover to the best except
in St. Paul and Erie which rose IL over yes
terday. St. Lawrence & Adirondack sold at
50 for 100 shares, compared with so yester-
1000
On Friday last. International Power sold at
81, compared with SO on Saturday and 10 bid
last night = - . -. $751;. f.. s.,..S
Bonds were Irregular ,e+. $50 - .-, Z
p. The market became very dull The gran
gers and sugar were we'll held near the top,
but the coalers and other stocks were inclined
to sag slightly. Louisville was point be-
low the best, but Illinois Central gained L ",
Chicago Terminal rose a point, the preferred
IN, Snuff and Westinghouse electric 2. )
There were but few changes of Importance
in prices, operators restricting ventures pend
ing news of the anthracite, settlement Inter
national Power rallied G. points, Delaware 6
Hudson gained Az and Des Moines & Ft
Dodge IL. D. ...-. ~. . -. F. ,.-. 49,. /
Nashville. Chattanooga St. Louis lost 4
New Jersey Central 1A and Lackawanna ~. Z
. There was some unconlected advances dur
ing the final hour Delaware and Hudson
rose~51a in all and reacted 25s. Lackawanna
rallied 2k and reacted l.. Canadian Paci1ic
gained 31s; Rock Island, ~; Illinois Central
and Lead, 2; Amalgamated, IN; Hooking
Valley, N, and st. Louis & San Francisco, L.
New York Air Brake rallied 5h on a single
sale. International Power scored a full re-
covery, and Colorado Fuel rose a point over
last night. General Electric lost 3a; North
western, Az and Wheeling & Lake Erie
first preferred, Iowa Central and Interna
tlOnal P9DGr DToferred- ~ each. Room tr90-
ers took profits, causing prices to ease off.
The closing was dull and steady. -,:,
Stock quotations reported for The journal
by Watson & Co., brokers, Chamber of Com
nierce, Minneapolis. =
Closing figures are bid -,.. .,.