The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-06
A WAVE OF BUYING
Traders Early Bid Up Special Stocks
and the Market Follows.
GAINS OF A POINT OR S
Some of the Less Prominent Stocks
Are Buoynnt, Making
Rig Gains.

. s. Fl
New York May s.-Prces OF stocks started
upward at the opening of to-day's market.
The buying was we'll distributed through all
departments OF the list. The gains reached a
point or over in St. Paul. Canadian Pacific,
Louisville and Manhattan
There was some hesitancy after the open
ing, but as the realzations proved small the
traders bid up special stocks strongly, and
the entire market followed. Before the hour
elapsed, gains of a point or more had been
made by members of the different active
groupe, particularly ST. Paul. Pennsylvania.
MISSOURI Pacific, New,York Central, Delaware
y Hudson, Consolidated Gas, Manhattan and
sugar. chicago, Indianapolis Louisville,
New York Air Brake and Illinois Central ad-
vanoeds IA seachs Wheeling &c Lake Erie first
preferred, Lackawanna North Western and
american Elnseed each, and North Ameri
can 51a Rutland preferred declined points
to 81, rallied to 9+K. and receded again.
Ihere was constant absorption of Louisville
up to al. Des Moines & Fort Dodge rose 2s
and WESTINGHOUSE Electric g. - -
STOCKS maintained a strong tone, but the
active leaders did not advance much beyond
their earlier best prices, aside from Reading
and Louisville, which touched Is and 142 re-
spectively, and Chicago, Indianapolis & Louis
Vile, which rose l. Less prominent stocks
were buoyant, New York Air Brake rising 81,
Westinghouse Electric and Lackawanna 5,
General Electric s, and Long Island, Canada
Southern, Canadian Pacific and Delaware &
Hudson 2621a 70 ~.
Bonds were firm.
~There<were occasional pauses in the buy
Ing but offerings were light and prices we'll
maintained. Southern Pacific, Amalgamatei
and United States Steel preferred rose point
over yesterday. Among less active stocks
Westinghouse Electric gained 8, Snuff ~,
Nashville. Chattanooga and St.Louis 51a, New
Jersey Central AZ and Northwestern, St. Paul
preferred, Iowa Central preferred. Minneapo-
lis, St Paul and Sault Ste. Marie preferred
Buffalo, Rochester, Pittsburg and Chicago ter
minal preferred between and points.
Large buying orders were placed again in
the Readings. carrying the common and the
second preferred up. over 3 points. Other
hard and soft coalers also sold higher, Lacka-
wanna gaining 6 in all Sugar came into
prominence and gained 21s and there was
some inquiry for other ,industrials. Railroad
stocks wer strongly held at their best prices,
but were less active. =, ..,..
Confident assertions were numerous in the
financial districts that the threatened anthra-
cite miners strike would be prevented. Buy
ing was quite animated all through the list
and prices rose to the highest of the day. :
Reading and Chicago Great Western rose
extreme ~ and the range of gains was
lifted between 2 and points for New York
Central pennsylvania, ST. Paul, Chicago
Great Western preferred stocks, Rock Island
and Erie first preferred and to above that in
number of high grade stocks in light market
supply. There was some proft-taking, the
reaction running to point in Reading and
Sugar. The closing was active and strong.
Stock quotations reported for The Journal
by Watson & Co, brokers, Chamber Of Com
merce, Minneapolis: -
Closing figures are hid