The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-24

DECLINE in STOCKS
This the Rule In the Morning Trans
actions.
DEALINGS IN RAILROADS SMALL
Realizing Caused by Selling in Su.
gar Send Prominent Stocks
Lower Vel

New York, Feb. 24.--Some Of the industrlals
and specialties opened higher, but the major
ity OF prominent stocks declined in the open
ing dealings. Union Pacific opened up a,
but relapsed point, and Colorado South
ern Immediately lost small gain. Amalga-
mated Copper rose early point. The vol
ume of dealings quickly fell away to nomi-
nal proportions. Dealings we're small in the
railroad list, but some stocks drifted lower
when pressure developed against Sugar,
Amalgamated and Metropolitan Street Rail
way. These specialties fell about point
from their best, but recovered substantially
later, Amalgamated rallyiDg to above 10.
There was a rapid rise Of 5A in Evansville
Terre Haute and gains of 1 to points by
General Electric Tennessee Coal, United
States Rubber preferred, Hooking Valley pre-
ferred, Colorado & Southern second preferred,
The st. Joseph & Grand Island stocks, Wheel
ing & Lake Erie second preferred and Kan
sas City, Fort Scott & Memphis preferred.
Before II o'clock there were increased pur-
chases of the Western, Pacific and Southwest
ern stocks and they recovered to Friday S
close or better ....'
The demand for tho active railroads slack
ened, but they held steady at the rally OF
minor stocks, Chicago, Indianapolis & Lou
isville gained 31s, Great Northern preferred
and the Wheeling & Lake Erie stocks, Colo
RADIO & Southern Kansas & Texas preferred,
Iowa Central, the Leather stocks, Kansas
City Southern stocks, Pacific Mail, American
Grass Irvine and the United States Rubber
stocks l to 2A. Selling Of Sugar was re-
sumed and It's decline to 1855 caused realiz-
ing In other prominent stocks and prices fell
off slightly. ...-
Baltimore & Ohio rose strongly IL and the
market hardened all around Several lead
Ing stocks rallied a point and net gains Of a
point were established in Residing second
preferred, Southern Railway preferred Wis
consin Central preferred. Chicago Great West
ern preferred "B'' Norfolk & Western pre-
ferred, Chicago & Eastern Illinois, and 800"
The hardening of the market account of
the supreme courts refusal of jurisdiction in
the Northern Securities case was only moder-
ate. Gains Of / to 2 points in addition to
those already made were made by the Rock
Island Iowa Central Evansville & Terre
Haute preferred, Denver & Rio Grande pre-
ferred and Tennessee Coal. Profit taking by
the traders in the Readings and drop to
12714 in Sugar drove the general market lower
again and the trading became dull. Chicago,
indianapolis & Louisville fell points from
the best.
Tennessee Coal extended it's rise to 3A and
there were advances of " to 1% in Colorado
Fuel, Amalgama:ed Copper and American
Smelling, and about point in Missouri Pa
cific, St. Louis & San Francisco fire pre-
ferred, Delaware & Hudson, Erie second pre-
ferred, United States Express and Con-
soidated Cas- Meanwhile there profit
taking in progress at other points and the
whole market yielded. LackaWanEa last 2,
Tennessee Coal, Reading second preferred,
Rock Island and Wheeling & Lake Erie re-
acted a point Or more and fractions were
sacrificed elsewhere. The closing was Gull
and easy.
Bonds were steady. ~
Stock quotations reported for The Journal
by Watson e Co., Chamber OF Comm cree,
Minneapolis. -
CIce;ro fo,,roc oro h;S