The Minneapolis journal., 1902-07-22
JRNED FIRMER GAINING A FULL CENT B&0 STRONG AGAIN
Opening Movements In Stocks Are
Irregular.
NEW YORK AIR BRAKE JUMPS 8
Fuller Construction and Some of the
Leading Roads Were a4
Strong.

New York, July 22.-The opening movement
OF prices was exceedingly irregular. Very
heavy demand for Baltimore & Ohio carried
it UP nearly point. Metropolitan Street rail-
way rose TX, General Electric a point and
Manhattan, New York Central and Wheeling
& Lake Erie large fractions. New York Air
Brake jumped 8, Rock Island fell nearly
point and there were losses amongst the
grangers and industrials
The market became steader and prices har-
dened when the advance = was resumed in
some of the leading railroads and in special
ties which were stably strong yesterday
These included New York Central, Pennsyl-
vania, Baltimore & Ohio. Hooking Valley,
Missouri Pacific, Amalgamated, Metropolitan
Street railway and Manhattan, which gained
point or more. Rock Island, Chicago &
Alton and Brooklyn Transit, which had been
off imprtant fractions, rallied at above yes
7terday's close. and there were slight ad-
vances IN the Paciflcs and low priced south
westerns. Chicago & Eastern Illinois, ,Des
Moines 6 Fort Dodge and Fuller Construction
preferred rose point 49, ~. ..s.'
General Electric reacted to two points be-
low last night, and Westinghouse Electric
lost a point. .-e...
A slight setback in some of the grain
carrying and soft coal stocks checked the
rising market and dealings became smaller.
New York Central was bought in large
blocks up to 164, an advance of ~, and there
was a sympathetic rise to above l61 in PENN
sylvania. Wisconsin Central preferred and
and Peoples Gas gained over a point, and
New York Air Brake made it's rise g. Cen
eral Electric dropped 81 below last night be-
fore it met support and rallied two points,
and there were a number Of other specialtiss
that were heavy, including u. S. Steel and
Colorado Fuel. Southern Pacific came into
active demand before noon, and rose to 80
10 firn ,fay
stocks. Anaconda advanced two points and
lost half of its rise. Delaware & Hudson i'm
proved 2& aud the Readings large fractions
on active dealings The market was ragged
and irregular at noon.
The easier tone Of the market was due
to reports Of further gold exports. Southern
Pacific lost all its gain, New Jersey Central
dropped IN, and Lake Fri & Western and
Pittsburg, Cleveland, Cincinnati & St. Louis
each point. Sugar rose 1z, Twin City Rapid
Transit ~, and Fuller Construction pre-
ferred 3. New York Central then renewed
its advance to 164A, and the whole market
hardened moderately. Rock Island rose 2A
over last night and St. Paul Is.
The demand for Rock Island carried it to
1876 and induced a better demand for other
Grangers. st. Paul touched 1885 New York
Central rose 31A in all. and General Electric
wiped out it's forenoon loss. Prices then
easec off when the southwesterns became
heavy, but steadied again under the leader
ship of Reading, which advanced TX. This
stock was traded in heavily, blocks of from
1000 to 1000 shares changing hands.
. Amalgamated Copper crossed S.; Hooking
Valley IN, and Evansville & Terre
Haute 17a. Rock Island became very erratic
and caused a somewhat feverish tone else
where. After rising S1s over last night, there
was sudden relapse of 8. New York Air
Brake was pushed up, 121a in all. Amalga-
mated rose 8. International Pump preferred
2, American Grass Twine 1&. s.s
There was a reactionary tendency running
to point in some, cases. Westinghouse
Electric fell 8; Minneapolts,j st. Paul & Sault
Ste. Marie preferred 2, and American lee pre-
ferred TX: Atchison rose a full point late in
the day. The closing was active and irreg-
ular. - -; ~ 49,.
Bonds were irregular. .,
Stock quotations reported for The Journal
by Watson 5& Co. Chamber of Commerce,
Minneapolis. -, 1 -
Closing figures are bid.