The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-23
MODERATE DECLINE FOLLOWED BY STRENGTH|G
GOLD EXPORT !. POINl1
Market Traders Carefully Watching
the, Foreign Exchange,
Market.
Irregularity in the London Market
Is Reflected in the Opening
..,,, in New York To-day. =.

New Work. Oct. 23.-The irregnlarity Of the
London market was reflected in 1.-The local trad
Ing With the opening international stocks ruling
fractionally above and below Yesterdays close.
st. Paul, Pennsylvania, Erie and Baltimore &
Ohio were frmer, while Union Pacific Southern
Pacific, Louisville and Reading declined. Trad
list was dull.
The hesitancy Of the market was soon dis
PEELED when some moderate buying orders for
both accounts appeared in many of the leading
stocks. -.-
Prices all around advanced we'll above yes
terday's close, and the gain reached to / u
points points, IN ,s st. PAUL Northwestern New York
Louisville, st. Paul preferred and international
Power. There was some realizing later on and
the market BECAME easier and very" dull. :
traders watched the foreign exchange market
closely and when demand bills sold higher than
Yesterdays close they promptly sold stocks. Or
ferlngs were small. however, and prices were
not much affected except for the loss Of a point
IN IN Sugar and Metropolitan Street Railway and
the cnnceing of rise in st. Paul and New
York Central. Northwestern reacted 81 and
Lackawanna lost 8 On one transaction. An ac-
tive demand developed for the Toledo St. Louis
common and " in the preferred Toward
noon the market was steadier under the lead of
Colorado Fuel, which gained 2 points.
international Power was active and increased
lts rise 10 . points The sensitiveness Of the
market to the sterling exchange situation and the
high rate for sight bills to-day, which brings
the gold export point measureably nearer. deters
active stock operations and confines dealings
pretty much to the board room element
Bonds were steady at fioon
Stop-loss orders were uncovered in Northwes-
tern, causing an extreme break of points. The
western and Pacific stocks sold off slightly In
sympathy, but Colorado & Southern exceptionally
gained point. Elsewhere the movement was
fevertsh and unimportant.' g..
There was very little Of interest to the after.
noon moor stock market trading being intensely dull
Dut me .undertone was steady; The announce
m a that $4,000 more gold would be received
from Australia and an easier tone to the ex.
change market helped to maintain prices. Rates
Tor exchange, however, were: not quotably lower
and the tone was nearly indicative of the small
demand, It being pointed out that there was nc
fast vessels sailing before next week.
=, The selling Of Baltimore & Ohio combined with
the limited demand for the general list encour-
aged the bears to offer down prices and Balti-
more & Ohio, st. Paul, Pennsylvania, New York
Central, Illinois Central Norfolk & Western,
Missouri Pacific and the prominent specalties
yielded IDLY from the highest and put the
list to the lowest prices of the day. North Wes-
tern rallied points in face of the general heav-
mess. The closing was semistagnant and weak
Stock quotations reported for The Journal by
Watson y Co., brokers, Chamber of Commerce.
Minneapolis. Closing figures are bid