The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-05

Preferred Stock Makes Gain of
3-4 points
METRoPoLITANs ST. RY. PROMINENT
Northwest Preferred Gains Az ant
Amalgamated FIactuatea
as Usual.

8 s New York, Feb.s 5.-There were running
sales OF $500 shares Of Metropolitan Street
Railway at the opening at 173A@174 COM
pared with 1881 last night. The buying was
based on reports OF the proposed lease Of
the company to notwithstanding corpora
ton. Northwest rose 1A Amalgamated Cop
per ran off r. Elsewhere in the list frac-
tional gains We're the rule, but there was a
sprinkling Of losses. Large offerings car
celed the gain in Metropolitan Street Rail-
way, but Its decline did, not affect kindred
stocks nor the general market, which ad-
vanced. 500 preferred gained ~; North
western common and preferred, American
Express, United States Express and Third
Avenue 11a@21a, and Lackawanna, General
Electric Duluth, South Shore & Atlantic pre-
ferred and Pacific Coast /. In the active
quarter, Rock Island, Sugar, Peoples Gas
and Manhattan were point or more higher.
Amalgamated Copper recovered It's loss and
became quieter. Toward IL O'Clock Manhat-
tan broke point, to 1856, but the general
| market held firm. Dealings in United States
Reduction and Refining stocks were made at
3S1A@39A for common and 63A @643s for pre-
ferred.:
Fresh selling of Amalgamated Copper, ac-
companied by reaction to yesterdays close
|. or under by the fractions, turned the mar
ket heavy, and there were some material
declines from the top figures Lackawanna
broke 3, Nashville, Chattanooga and St. Louis
312, and Linseed, Chicago Terminal preferred
North American and 500 preferred lost Ia
~. The prominent railroads were neglected
and moved very narrowly. Amalgamated fell
to Tx, but rallied later to above 49, AneTl-
can EXPIRES made further gain, to 226, North
west preferred gained Az, the common ga
and Colorado G Southern first and second
preferred, Wabash preferred. st. Paul and
Sugar We're lifted point ~,
The rebound, carried prices to the best OF
| the day except for the local fractions. Lack
awanna recovered to ~ over last night. The
| market became semistagnant at the advance
and yielded in spots. The local traction
stocks continued to work downw ward, Metro
politan Street Railway selling at 171B despite
some vigorous upward movements in other
specialties. Amalgamated Copper was the
principal feature, rallying IN from the lowest,
thus placing it about point over yesterday s
close. A rise Of four points in New York,
Chicago & st. Louis second preferred re-
vived demand for other junior Vanderbilts,
and Cleveland, Columbus, Cincinnati & st.
Louis gained rs. Toledo, st. Louis & West
ern stocks were active, the preferred rising
IA Minneapolis, st. Paul & Sault Ste Marie
recovered to 103-the best
Amalgamated Copper rallied strongly to
"a, removing the depression elsewhere to
some extent. Large buying of Southern Pacific
developed, carrying that stock UP 14s, to the
highest on the record. St. Paul made it's
gain 2; Great Northern preferred 8, Mime
apolis, St. Paul & Sault Ste. Marie preferred
~, Wisconsin Central ~ and several other
stocks about a point The local traction
stocks declined, Metropolitan Street Railway
falling liz under last night. The closing was
moderately active and irregular.
Stock Quotations reported for The Journal
by Watson & Co. Chamber of Commerce,
Minneapolis. - --.-.. -.
Closing figures are bid -