The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-10
STOCKS ARE UPSET
Result of Erratic Fluctuations in
Louisville & Nashville.
SELLING MOVEMENT DEPREssEs
Rock Island and Canadian Pacific
the Only Prominent Railroad
Stocks to Advance.

New York. April 10-Prices of stocks adj
Vanced at the opening, and, although there
were very heavy dealings in some stocks, the
gains were restricted to fractions. The open
ing sales OF Southern Railway were Of u, 900
shares, at a4%@351s compared: with 341s last
night and of Louisville 5000 shares at l41s
gllo, compared with las last night There
were also very large takings of Southern Pa
cihc and Union Pacific The only stock of
any Importance to show decline was ehited
states Steel preferred, which fell ss Keokuk
d Des Moines and Texas & Pacific rose a
point and New York Central H.
Louisville & Nashville was the sensational
feature OF the market and it's erratic fuctua-
lions unsettled other stocks and caused a
general reaction After rising quite steadily
20 above ll6, the movement became wild and
1t spurted to 120 but Immediately fell back
oouunern Railway was tremendously active,
out did not get above the opening price
Rock Island and Canadian Pacific were the
only prominent railroad stocks to advance
Among the specialties, Evansville & Terre
Haute, New York, New Haven C Hartford
and Westinghouse Electric rose 2la and Cen
eral Electric Sh. metropolitan Street Rail-
! way rights sold at 9A OIL, and the stock rose
IA, allowing for the rights subtracted. The
wildness in L. & N. induced selling elsewhere,
and St. Paul, North Western, Norfolk &
Western, Westinghouse Electric and the Du-
luth, South Shore & Atlantic stocks fell a
point or more under last night. Colorado
Fuel lost ~. Many other stocks fell below
last night, including Southern Railway, which
touched "a. Louisville reacted to 115A and
fuctuated feverishly.
The selling movement became more general
and declines from the best prices of 1@2 points
We're numerous. In some cases prices were
as much under yesterdays close. The ex-
IRENE break in Westinghouse reached Ga,
&~:z =
North Western 272 each. Louisville was fe-
verish for time between ZIG and III.
Louisville became quieter and Missouri Pa
chic led rally with a rise Of IL over last
| night. The Southwestern followed this lead
! most notably. Chicago, Indianapolis & Lou
isville gained ~ and International Power
~. Colrado Fuel recovered its loss and
Westinghouse Electric rallied 21a. Rubber
Goods advanced IN over last night. After
| 1151a and Missouri Pacific lost all of it's adj
| vance. The market became dull.
| Louisville rallied nearly 2 points. Other
| leading stocks were feverish and did not i'm
| prove much, but Ice preferred and the Bicycle
! stocks gained 11s@3ia. The bears then made
a drive against the Changers and Pacifics and
depressed them to the lowest Of the day. St.
Paul suffered net loss Of Ia and the pre-
ferred g. The southern and southwestern
l
souri, Pacific losing nearly point net. Louis
vile also fell back but was steady under
III.
There was free selling during the final hour,
which carried prices generally from l to 2
points under last night The principal south
ern and southwestern stocks were included.
Southern Railway falling point under last
night. st. Paul's loss was 2?s, Lackawanna
| Az, Northwestern 49, Duluth, South Shore
! and Atlantic preferred 31s, New Haven 8,
Iowa Central preferred 21a, North American
3k, General Electric and Westinghouse
| Electric 9. Louisville did not get below 11S.
| Shorts covered at the Decline which for the
| money rate eased off and caused some sharp
rallies but selling was renewed and the clos
| ing was active and irregular.
| Bonds were strong.
Stock quotations reported for The Journal
! by Watson Co., brokers, Chamber Of Com
| merce, Minneapolis: -
Closing figures are bid