The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-07
STOCKS MAKE GAINS
Only Few Depressed in the Early
Hours.
AMALGAMATED IS ONE, OF COURSE
Mixture of Rise. and Falls in the
Closing Hour, Unsettlfng
Everywhere.

New York, Feb. 7.-Uniform gains Of a
small fraction were well distributed all
through the active list in the opening deal
ings. Only a few stocks showed any signs
Of depression, among which We're Amalga-
mated Copper Southern Pacific and Metropoi-
titan Street Railway. Illinois Central was
lifted IN on running sales and New York.
Chicago & st. Louis rose point.
There was an immediate resumption OF
the advance of special stocks as YESTERDAY,
with the Vanderbilts showing the greatest
strength. Cleveland, c., c. & ST. Louis
was dealt in ex-dividend of per. cent and
sold at 1854, making it's rise points. st.
Paul and Omaha rose 4, Illinois Central, Ne"
YORK. Chicago & ST. Louis second preferred,
Iowa Central and Third Avenue were 2@2H:
higher and United States. American Express,
Hooking Coal, Canada Southern, Denver d
Rio Grande, st. Paul preferred, st. Joseph &
Grand Island first preferred, Iowa Central
preferred, Pacific Coast and Toledo, st. Louis
& Western preferred 1@11s. The, strength OF
these stocks as utilized to cover profit taxi
ing sales In some OF the leading railroad and
specialties. Sugar declined to l27A, but was
lifted strongly to 1904. There were heavy
sales of Southern Pacific and Amalgamateii
Copper, which lowered them a point and
dragged the list down again. Some Of the
strong stocks sold off In sympathy, reactions
OF about Point occurring In Northwestern,
United States Express, Rock Island. c., c., G..
& st. Louis and Sugar Ngf}
The pressure against the active stocks was
increased, causing them to sag quite gen
orally under yesterdays close The rise in
the less important stocks was also checked
and there were some notable set-backs The
market became dull at the5decline. Just be-
fore noon large buying orders were executed
in Metropolitan Street Railway and it bound
ed up 2A to 1881, with some Strengthening
effect on other stocks. Brooklyn Transit rose
IN over last night. Prices sagged again
when Amalgamated fell below 70 and Met
roliolitan Street Railway reacted IN
The market was dull and hesitating until
a rise to 1877 in St. Paul. The preferred rose
21a and reacted point and Rock Island
recovered IL. The grangers and Pacifcs
rose to the best and the market generally
hardened. Illinois Central gained 3ss in
all and Evansville & Terre Haute preferred
~. On previous reaction Lackawanna
fell under last night. and c., c., G. &
st. Louis 21k below the best
Large amounts Of Amalgamated Copper
came on the market and dropped ~ under
yesterday s close. The weakness had only a
mcmentafy influence on the general market,
as supporting orders were placed in some of
the western. Pacific and southern stocks, rail-
living them to the top prices. Atchison, Wa
bash preferred and Louisville were bought
10
Des Moines & Fort Dodge also rose a point.
Lackawanna fell in all. The buying dimin-
ished and the market became quiet again.
The market became dull and irregular.
There were declines Of 1914 in Northwest,
Third Avenue, Wheeling & Lake Erie second
preferred, Lake Erie & Western common and
preferred, and New York.. Chicago & St.
Louis. On the other hand, Lackawanna raj
lied points, Smelling IA and Amalgamated
Copper Us, while Colorado Fuel gained ],
Hooking Valley preferred 1as, General Electric
2, Union Bag and Des Mones & Fort Dodge
2, and st. Joseph & Grand Island first pre-
terred 3Aa. Manhattan broke points in the
final dealings on an unfavorable judicial de-
cision. The closing was thereby unsettled
and irregular. At a,-s.I .-#s <s.
Bonds were irregular - '-.sE ''5'
Stock quotations reported for The Journal
by Watson Co... Chamber of Commerce,
Minneapolis zas =@6 f4a X,
Closing figures are bid 80. r-.s