The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-09-19
ST.PAUL ANDMO.P
The Coincident Strength in These
Stocks Revives Talk of a
Tariff Alliance.
St. Paul Touches 1876 IL, but the
Market Fails to Make Much
Response. +.

New York, Sept 19.-The tone of the open
Ing stock market was somewhat hesitating and
irregular, 1aany prominent stocks showing frae-
tional declines. but a few leaders rejected
heavy demand at advancing prices. There were
$500 shares of St. Paul sold simultaneously at
19l to 1919. compared with 1908 last night
Several blocks OF thousand shares and up
ward of Missouri Pacific carried the price up IA.
st: Louis Southwestern preferred on running
sales of 5000 shares was quoted at 77H to
7sh compared with TIN last night. Rock
1slend rose point. Illinois Central subscrip-
ton rights sold at lis and the stock ex-rights
sold at 16cM National Lead was also strong
at sharp fractional advance.
TranscontiDental stocks absorbed the greater
! part OF the limited dealings and also showed
| the most pronounced strength. Rock Island ad-
vanced points to POT cash transactions and
st. Paul rose 2a to 1891 record price.
Missouri Pacific lost Its opening rise on realiz:
ing. but later gained point. There was not
much OF interest in the railroad list aside from
these movements but the general undertone was
| firm North American, Lead and Western I'm
ion gained 1A@2. Minneapolis, st. Paul &
snult Ste Marie preferred and Pittsburg, c.. G:
& st. Louis lost each and New Jersey Central
1 point. q sa+I =. ..--1
The coincident strength of st. Paul and Mis-
souri, Pacific revived talk of a tariff alliance
| between them.
st. Paul improved steadily and touched 1861
The preferred was also lifted nearly three
points. The buoyancy of this stock caused ar
eral list, but very few Of the usual leaders were
benefited Canadian Pacific was bought heav
lily and rose LIZ and Chesapeake & Ohio. Unior
Pacific, Northwestern and some minor stocks
| were 1872 better. l. 49, :
The failure of the market to make any note
worthy response to the St. Paul movement wa.
due to distrust of the monetary situation. St
Paul reacted over point before noon.
| Bonds were strong at noon.
Before tho upward movement spent itself ther'
were gains ofsa point or more in the Pennsylya
mia group except Norfolk & Western. The trad
ers detected realizing and took their proft
causing back set. st., Paul, Rock Island, st
Louis Southwestern preferred and Northwest
ern reacted IL az. The steadiness of the none.
rate around ~ per cent aroused hopes of
favorable bank statement tomorrow.
Room shorts covered in St. Paul on the dow
grade and their buying rallied the stock agai
to the highest. The United States Steel stock
were also pushed up rapidly to AZ and 81 re
spective'y for the common and preferred stock
on rumor that a judicial decision had bee
rendered In favor Of the company in tho sui
to enjoin the bond issue. Rubber Goods ad
vanced 2 points and the preferred IL. TIL
general list was ltstless but steady pending tn
, publication Of the forecast Of the bank state
ment. - ''[
Stock quotations reported for The Journal b
Watson & Co., brokers, Chamber of Commerce
| Minneapolis, MINI. Closing figures are bid,