The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-06-18
Ill. CENTRAL IS UP.
Large Purchases Of Certain Stocks
Are Made.
IssouR1 PACIFIC srRe
STRONG
Traders Then Take Profits and the
Realizing Causes Irreg-E
ularity. s #

New York, June 1s-Only few stocks
changed more than Is from last nights prices
on opening sales this morning. There were
sales Of 1000 shares of Missouri Pacific at an
advanceao OF ", and St. Joseph & Grand Island
first preferred rose y. Sugar and Anaconda
lost a point each
Business was cutie animated for a time
under the impetus Of large purchases of.Read-
ing. the second preferred, Missouri Pacific,
Illinois Central and New York Central. These
stocks advanced from u ITO 27s, with Illinois
Central scorngs5th the maximum rise. The
strength Of these stocks helped some other
standard stocks. but the response was not
general. General: Electric jumped points,
and Wheeling & Lake Erie second preferred
and ST. Joseph g. Grand Island first preferred
M each. Ann ArEor9 nreferred and Mime
apolis &sSt. Louis lost Il, North Western 2,
and Keokuk & Des Moines; 8 points. There
We're fractional reactions before the. end. of
the; hour. and st. Paul. Union Pacific and
Atchison were below last night. = =;
Traders took profits In the notable strong
stocks and bid up Others, causing an irregu-
lar market. Missouri Pacific felt the realiz-
ing sales most, losing over q point, while the
grangers and Reading reacted large fractions.
Wabash and Chicago /! Alton were bought
heavily at advances of 1A@11a. Illinois Cen
trail yielded only slightly and then rose above
157. Before noon prices generally were de-
"A
stocks a fraction. General Electric reacted 8.
New York Air. Brake fell 4 points and General
Chemical 1%. -.
Illinois Central was bought confidently UP to
159, making its rise 81. The enormous abb
sorption of this, stock encouraged. the bulls
to bid the general market up again, and there
was an increased demand for the transconti-
mental stocks. St.. Paul., Union and Southern
Pacific gained .1@1as, and many other rail
roads sold higher than in the forenoon. St
Louis Southwestern preferred and Hooking
Valley advanced a point and North Western
wiped out it's early loss. The market eased
off and became dull at o'clock.
There was reaction after 1 O'CLOCK St.
Paul falling back overNa point and ST. Joseph
& Grand Island first, preferred ~. But the
persistent strength Of Illinois Central sus-
tanned the market Prices of railroads rose
generally to the best again. The gain in
Illinois Central reached rs; St: Louis South
western, IN; the preferred, 4; Wabash and
New York Central, IN, and Pennsylvania,
M The American Ice stocks, Texas Land
Trust and Pere Marquette lost 1 to Ia: The
market was broader and more active than on
any day this week .4t-+-> - =.
The advance extended to new stocks in the
final hour, various grain carrying roads and
soft coalers rising a point or more over last
night A movement to take profits in Illinois
Central forced it back 2 points and checked
the rise elsewhere Rumors were current of
coming stocks subscription rights: Colorado
Fuel lost ", Duluth South Shore & Atlantic
preferred "a, and Linseed preferred "a point:
Reading receded to Il shade below last night.
The closing was active and rather easy:
| Bonds are irregular" at noon. r. r..
Stock quotations reported for The Journal
by Watson & Co., brokers, Chamber Of Com
| merce, Minneapolis:r 2aE>c~ =. il.,ss 49,
Closing figures are, bid. >. u -: