The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-28
Big BUYING ORDERS
With These Does Wall Street Begin
the Day.
RAILROADS AND COPPER HIGHER
Demand Active and Strength PerMe-
ates the General List in
the Final Hour.

New York, Jan. 2S,-The stock market
started with ONE large buying orders well
distributed through the railroad hist. The
gains in ST. Paul reached IL. There were
1000 shares of Amalgamated Copper taken
at "A to 74A, compared with 1873 last night.
Colorado Fuel gained a point. Otherwise the
advances We're fractional. Small traders took
advantage of the higher opening to sell out
and there was fractional decline, most effec7
tive in ST. Paul, Sugar and Metropolitan
Street Railway. Sugar then rose to 1877. Its
suenstn acted as prop to the general
market and was supplemented by some in
curry FOR minor stocks st. Lawrence and
Adirondack, Smelling, Continental Tobacco
preferred, Glucose, Wheeling & Lake Erie
hrst preferred, Evansville & Terre HGute and
the iowa Central stocks advanced l to 2.
Buying OF Amalgamated lifted it above Is
and Anaconda was benefited sympathetically
point. Some of the other metal stocks were
frmer, but there was little interest in the
leading railroads and industrials, which held
firm at slight additional advances. Southern
Railway stocks rose a point. New strong
spots cropped out in the inactive quarter, the
Minneapolis, st. Paul & Sault Ste. Marie
stocks, Lake Erie G Western, Cleveland, Gin
clnnat1, Chicago & st. Louis, Minneapolis &
ST. Louis, Rutland preferred, Linseed pre-
ferred, International Pump and Chicago Great
Western preferred B were 1@2 better, and
st. Lawrence & Adirondack was points
higher. Sugar was bought heavily just before
noon and advanced to 127sa.
Prices continued to improve, active demand
for the local fractions giving tone to the
market Metropolitan rose 2 points and the
other fractions, New York Central, Balti-
more & Ohio, Reading second preferred, Erie
first preferred, Union Pacific, Missouri Pacific,
Rock Island North Western, Toledo St.
Louis & Western preferred, Linseed, Loco
motive preferred and North American were
added to stocks showing net advances of a
point or more. Laclede Gas broke points.
The bulls had the market well in hand
after l O'Clock. Amalgamated Copper and
Sugar were the leading features. and sold
more than points above yesterdays close.
The general demand was broader and caused
advances of a point or more in many stocks
which had not risen materially earlier, in
Guiding Atchison preferred Louisville, Illinois
Central, Erie, Reading and Delaware & Hud-
son. Long Island declined 8.
The demand was active in the final hour,
and strength permeated the list generally.
Among the stocks brought up to the higher
level established by the earlier movement
were Southern Pacific Pennsylvania, Peo-
pies Gas and Tennessee Coal. Cleveland,
Cincinnati, Chicago & St. Louis rose an ex-
IRENE 25s and the preferred ~. Nashville,
Chattanooga & st. Louis advanced 1 on d
single sale. International Pump gained 81
and the preferred a point. The closing was
active and strong. ..
Bonds were dull and frmer.
Stock quotations reported for the Journal
by Watson Co., Chamber of Commerce,
Minneapolis. .-..- 'H,