The Minneapolis journal., 1902-08-11
THE =MINNEAPOL LIS JOURNAL.
MARKET IS ACTIVE.
Early Dealings in Special Stocks
Are in Large Volume.
500 PREFERRED WAS STRONG
Toward Noon the List Begins to Sag
on Selling by Room -e- .&
~. f. Traders. ns =

New York, Aug. 1.-THE stock market
opened active after the prolonged holiday
and dealings in some special stocks were in
large volume. Prices. however. were irreg-
ular and fluctuations were mainly slight.
Rock Island was under pressure and lost a
point. while Norfolk & Western Improved as
much. Erie opened with a sharp fractional
decline, but soon recovered, but the other
coalers were neglected. Hooking Valley
gained 1% on small dealings. ~
Trading was feyerish and dull for time,
but the market became active again and
yielded again all around when the
room traders sold prominent stocks. st.
Paul, Union Pacific and Illinois Central de-
clined point and Hooking Valley dost its
gain. A few minor stocks showed strength,
Colorado Southern second preferred, Min
neapolis, st. Paul & Sault Ste. Marie pre-
ferred, New York Air Brake and American
Ice preferred rising 11k@21a.@ New Jersey
Central and Lackawanna fell points each
Toward IL o'clock large buying orders ap-.
peared for Norfolk & Western, lifting it to
70as, without beneftting the general list,
which continued to sag
Prices dropped here and there, but the gen
eral level was above the lowest. In sympathy
with the large absorption of special stocks
Norfolk & Western extended its rise to 7oA'
and stimulated some buying of other sott
coal stocks, Chesapeake & Ohio gaining a
point. St. Louis & San Francisco's rise OF
w helped other southwestern stocks, but the
grangers and Pacifcs Jagged. Rock island
| broke 4. Amalgamated and Colorado fuel
were in demand and a point higher, but other
| metal stocks were neglected. ~ ''.
The market showed - increased breadth,
| many usually inactive stocks showing sharp
| changesh either way. Cleveland, Cincinnati,
| Chicago & st. Louis preferred, Colorado q
! Southern first preferred, Fort Worth & Den
yer City stamped, United States Rubber and
| Twin City Rapid Transit improved point or
| more and New Haven g. Kanawha & Michl-
gan, Corn Products preferred and Lead pre-
ferred lost l and Rutland preferred g.. Bonds
| were irregular. .':
| The market continued narrow and spotty.
| st. Louis & Southwestern preferred and Ev-
ansvlle & Terre Haute advanced 2 each and
Western Union TX. Losses reached point
in Atchison, Hooking Valley and number
! of minor stocks. Rock Islands decline ex-
| tended to s. United States Reduction drooped
| 4 points.
A decline of over point in New York Cen
trail, Louisville and Erie second preferred in
! duced renewed selling, of the railroad list
and st. Paul, Hooking Valley, Union Pacific
and Atchison declined to the lowest. Man
haitian showed considerable heaviness ano
| Amalgamated lost about all Of its morning
rise. Chicago & Eastern Illinois declined
81. >-. .,s.r
The selling pressure became urgent ant
only few stocks retained gains, notably St
Louis. Southwestern preferred, Norfolk :. &
Western and Western Union Loss in tht
| principal active stocks iran from 1 to 2 ,anc
Northwestern ~; Denver Southwestern, 4
| Linseed preferred, 31a st. Paul, ~; Illinois
Central, ~ Atchison, >41s.< and New Yorl
Central and Delaware q Hudson, 2. There
were some rallies on short covering, and thu
closing was moderately active and irregular
Stock quotations reported for The Journa
~ va Watson & Coz cthH9mber ctHn e. of Commerce
Closing figures are BID: