The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-11
BIG BUYING ORDERS
Low-Priced specialties Rise and Lift
Some High Pricers.
NORTH WESTERN STOCKS MOVE Ur
Dull and Heavy Closing After a
Little Covering by
Shorts.

New York, March 1.-THE support extended
to American stocks in the London market
had a strengthening effect on the local deal
ings at the opening and there was no trace
OF yesterdays late selling movement. Inter-
national stocks showed fractional improve
ments, particularly Pennsylvania and st.
Paul. Colorado Southern and Manhattan
We're pushed up sharply, but Reading showed
heaviness on apprehension regarding the la
Dor outlook. The general market was, quite
active and decidedly firm. s.aas SO
!. Large Buying orders were distributed il
some of the low priced specialties and when
they; bounded up strongly many high priced
stocks sympathized. Standard railroad
stocks, however, did not respond to any ex-
tent and there was some pressure against
Missouri Pacific and the Coalers which kept
the generally active list within narrow linn
its. Advances elsewhere reached from /
to IN, including Colorado & Southern and
the second preferred, Wisconsin Central
stocks, the Virginia Carolina chemical stocks,
Des NIeines & Fort Dodge, st. Joseph &
Grand Island, Chicago Terminal preferred,
Northwestern, Colorado Fuel, Peoples Gas
| and Pacific Mail
The. announcement that $1,25O,O0O gold
would be transferred to San Francisco
through the subtreasury to finance the street
railway deal started a general selling move
gains. The usual market leaders all yielded
below yesterdays close and Missouri Pacific
and Erie first preferred lost point. Bust
ness was yery active on the decline Toward
noon the selling decreased and there Were
some htful lallies. Chicago Terminal pre-
ferred was pushed up anew to 37A, the
common stock and Cotton Oil preferred also
rising point. Amalgamated Copper was
lifted point over last night and Peoples
Gas w. The market became very dull at
the rally.
The general market was practically inert
and only obscure specialties moved. Aneri-
can Cotton Oil gained IL and the preferred
2 and Mexican Central rose a point There
was drop of 81 in 500 preferred and
Southern Pacific, Manhattan Beach, Ameri
can Snuff, American Smelling preferred,
Westinghouse Electric and American Agricul-
tural Chemical lost 1 to 2 points
Stocks became t1rmer all around and there
was slightly increased purchase of the
grangers, bringing ST. Paul and Rock island
up to the highest. Some other prominent
stocks showed marked strength, including
Sugar and Peoples Gas, which were 1@1
better Renewed purchases lifted Wisconsin
Central stocks 2Q5, Virginia, Carolina Chem
ical preferred 21s and Cotton Oil preferred 3,
New York, New Haven & Hartford advanced
3B to 218. American Ice dropped 2 points.
The market sagged under dribbling of Of
fers which made only slight impression on
the general list. The fall In American Ice
which those stocks rallied. Knickerbocker
Ice rose az points, American Snuff preferred
IN, and Colorado & Southern first preferred
2M. There was slight covering movement
by shorts, but the closing was dull and heavy.
Bonds were steady. I.4. >
Stock quotations reported for The Journal
by Watson & Co.. Chamber of Commerce,
Closing figures are bid. 49, u