The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-02
DROPS TO IS
The Early Trend Of the Market
Was Downward.
SOME AGGRESSIVE BUYING
a Heavy Selling Movement Follows
st. Paul One of the
Sufferers.

New York, May 2-There were some str,k-
ing declines In the opening dealings, includ-
ing number of important stocks, but the
majority OF prices were higher. Louisville
was lifted 3 points. Detroit Southern rose
l7s. pennsylvania was active, 1880 shares
selling at l54M to 154A. compared with 1894
last night The dealings were OF only mod
crate proportions.
There was aggressive buying CT few spe-
cialties but the general trend was downward
Colorado Fuel declined below 105, and there
We're losses Of to " in North Western pre-
| ferred, In New York, New Haven & Hartford
and IN Chicago Terminal preferred. Illinois
Central advanced N and the Chicago, Indian
apoiis Louisville shares gained 2M@3, with
some reactions. Louisville fell back over a
point and Detroit Southern more than lost its
opening gain. Chicago & Eastern Illinois
rose 2 and Keokuk & Des. Moines A points
4 New York Air Brake lost Az to 16l, rallied
to <165 and yielded 2 points again. Inter.
national Power opered points lower al
par, fell to IS on the next sale and rallied
4 to go Toward II o'clock Sugar was lifted tc
12SB and there was an Improvement in st
Paul, which benefited active stocks some.
what *.s HEr
The nlarket gave way under heavy sell
ing movement all around which put Sugar
Illinois Central and Pennsylvania under yes
| terday's close. Louisville lost all but 4 pei
| ~,
many prominent stocks suffered large losses
The selling vas largely directed against St
Paul, Colorado Fuel and the Coalers, which
! fell between 1 ard az points. Many other
| stocks in various departments lost to Z
points. Pullman dropped 5 and New Haven
IA. Anaconda improved 1, American District
Telegraph and International Silver 3K.
| Bonds were easier at noon. = s9E'r - &,
| Louisville rose, buoyantly to 1873, which was
| 51s over last night The rally reached to
| w in St Paul, Pennsylvania Brooklyn Tran
| Sit Sugar and Colorado Fuel, but was not
we'll held. The market became dull and then
sagged again, Louisville reacting 11a. Long
Island advanced 2A and some live stocks lost
about point
The market was intensely dull and the
movements unimportant outside of Louisville
which rose anew to 1891 The stiff money
rates current dampened bull speculation
Tennessee Coal sold off TX and the Pacifes
| We're under pressure again. At { o'clock In
ternational Power sold up TO 1922 compared
with IS. the lowest of the morning, and 1o3
yesterdays close. - So
| The selling became urgent and the decline
| Of prices precipitate, the range Of the de-
! clines extending to from 2 to points in many
| important stocks, including Reading, Union
Pacific, Atchison, Missouri Pacific, New York
Central, Lake Erie & Western. Rock Island,
Manhattan, Cleveland, Columbus Cincinnati
G. St. Louis, Tennessee Coal and others. Rut-
land preferred sold at par, compared with
100 yesterday, St. Paul dropped AS, Brook
Ign Union Gas T. New Haven 5, Canadian Pa
cifc 35s, Delaware 8 Hudson and Pullman
I. There we're few spasmodie recoveres,
but the closing was decidedly unsettled and
weak at about the, lowest. g r.
Stock quotations reported for The journal
| merce. Minneapolis: .
Closing figures are bid. So +, !.