The Minneapolis journal., 1902-07-15
GEN. ELECTRIC 100
After Closing Yesterday at Over
800.
EARLY MARKET WAS STRONG
Good Gains on Very Active Trading
Profit Taking Causes
+ Reaction.

Wall Street, New York. July 15.-There was
an active opening demand for the Changers,
SouthWesterns and Paciffcs. Prices through
out the list showed advances with one or two
exceptions. Atchison sold from sS to 787% on
the transfer of 5000 shares, compared with
sly at last nights close. The purchase of
1,500 shares Of St. Paul carried 1t UP Tx,
and there were opening sales of $500 shares
OF Southern Pacific and 5000 shares of Union
Pacific at advances OF r. Denver & Rio
Grande preferred rose about point, and
North American 1k. : tr>fTs.7t - .s,-ss' : II,
On very active trading gains were estab-
lished OF III in Great Northern preferred,
2A in Chicago & Alton, Q in 81. Louis &
San Francisco first preferred, North Ameri-
In the st. Paul stocks, the Atchi-
sons, Baltimore & = Ohio Rock Island,
Lake Erie & Western, Manhattan, St.
Louis Southwestern and Pacific Mail Cen
eral Electric sold at 1891 and 1874 ex the
stock dividend. The stock closed yesterday
at 3l5. Proft-taking was large in Missouri
Pacific and Union Pacific, and carried, them
below last night. The whole market then re-
acted sharp fraction. -
New York Central lost 1H, and North
Western IA. Missouri Pacific then rose a
point over last night; p - .
Dealings became active again. Profit
taking went on at various points, while
stocks were bid up elsewhere St. Paul,
Rock Island, D. R. G. preferred, North
American and Anaconda reacted a point Or
more from the best. New York Central re-
covered fully but yielded again, and Illinois
Central, which had fallen to 165, rose to
1861 and then sagged again under yester-
days close. New Haven advanced 3sa and
Northwestern fell 81. Amalgamated and
Sugar were lifted 15s on large dealings and
the steady absorption of Chicago & Alton
stocks carried them to Al and TN respec-
lively. The local fractions, Union Pacific
preferred, Chicago Terminal preferred Pa
cifc Coast and St. Louis Southwestern pre-
ferred also gained point each. Bonds were
irregular. : = .-a.sz ~ -. !.
Prices fell steadily during the noon hour,
causing reactions from the" best of to 2
points and driving some of the leaders be-
low yesterdays close. When the selling
movement ceased the market became very
dull. New Haven increased its first gain
S74 to 240. ~5 =. =
The market was feverish and made occa-
sional rallies, but gravitated lower. Mis-
yesterday; New York Central, Canada South
ern, ~, and North Western, AZ. Early
gains were wiped out in practically all
strong stocks. The market steadied again
before the end of the hour. ':: r.
The market auctuatedefor time and then
commenced to harden Z General Electric,
after selling at 1875, broke to 1904. On: the
rally Missouri Pacific recovered almost a
point. Chicago & Eastern Illinois gained IN
and Amalgamated 1%.--Fhe movement else
where was fractional and included the United
States Steel stocks. 't :
Prices did not hold, and the closing was
heavy. =, -, . -. y. ) 49,
Stock quotations reported for The Journal
by Watson & Co., brokers, Chamber OF Com
merce, Minneapolis: ~ = y F.
(,1osinp figures ara hfdw - = %