The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-10
OPENS With WHEAT STILL DRAGGING STRONG And SNAPPY
Improved Prices Mark Trading In
Wall Street.
STIMULATING DEMAND FOR ST. P.
Dull ana Steady Closing After Slight
Recessions General In
Scope.

New York, Feb. 1O-Opening prices Of the
principal stocks were higher than Saturdays
close and the gains were striking in individual
cases. There was very large demand for
the readings, the common rising IS and the
second preferred rs. st. Joseph & Grand
Island first preferred gained 2A. General
Electric rose AZ, and American Express j.
There was gains of point in Illinois Central
Iowa Central preferred and Sugar. The deal
lngs were very large and well distributed
When weakness developed In Amalgamated
Copper and it sold point under Saturday 8
close. the general market became hesitatng
| and then reacted. st. Joseph & Grand Island
first preferred and Consolidated Gas reacted
point and General Electric 2. Meanwhile
st. Joseph Grand Island second preferred
Northwestern, Minneapolis & st. Louis, New
York, Chicago G St. Louis and Wheeling d
Lake Erie first and second preferred has risen
1 to ~, and Westinghouse Electric 21a.
An active demand developed for St. Paul
and carried it up IA New York Central rose
IN, and Rock Island TX, and Amalgamated
Copper recovered its decline. The market be-
| came active and strong again all around
! There was a much broader inquiry for stocks,
which covered free realizing in some of the
leaders, American Express extended its rise
to points. Southern Pacific was heavily
bought up to se1a. Chicago. Indianapolis &
Louisville, Chicago Terminal preferred. Mis-
souri, Pacific, Toledo, St. Louis & Western
preferred and Kansas City Southern preferred
rose between l and points. The Erie stocks
were taken up after a long period OF neglect,
! and advanced about point on large dealings
Lackawanna fell By, and Delaware & Hud-
son point. Toward noon there was rapid
decline of ~ in Metropolitan Street Railway
| and a relapse in Amalgamated to the lowest
again, which had some effect on the markets
tone and activity. Northwest and Rock Island
reacted a point.
Union Pacific was strengthened by SYM
pathy with Southern Pacific and rose ia TO-
104. American Express rose 80 In all. st.
Joseph & Grand Island rose " and the pre-
ferred stocks of that company continued
strong. The specialties, including Sugar,
Amalgamated Copper and the local fractions
were rather heavy. The United States Steel
stocks were firm at fractional advances
Earlier advances in special stocks were in
some instances extended slightly, notably St.
Paul, Southern Pacific and the Readings.
Large amounts of Reading common were
| bought, carrying it to 5s5s In addition there
were some new points OF strength. Chesa-
peake & Ohio, Norfolk & Western and Chi
cagO Terminal advancing point American
Express continued buoyant and rose to 240
Wells Fargo Express jumped 81, but United
States Express lost point. The speclaltles
were quiet and remained heavy, Amalgamated
selling under r. Third Avenue declined IA
and General Electric sold points below
the best.
There were general slight recessions, the
declines in Nashville, Chattanooga & St.
Louis amounting to AZ, New York, Chicago &
st. Louis second preferred "a, and Virginia
| Carolina Chemical TX. The Southern Pacific
was taken in hand again and bought with
determination through all offerings up to
! 679s, an extreme advance of 2s Wheeling &
Lake Erie first preferred also extended it's
gain to 2 points, A steadier tone was the
response in the market The closing was dull
and steady.
Bonds were firm.
Stock quotations reported for The Journal
by Watson & Co., Chamber OF Commerce,
Minneapolis. ..
Closing figures are bid.