The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-12
STOCKS ARE STEADY.
Substantial improvements, Despite
Break in Amalgamated.s
LoW-PRIcED STOCKS LEAD RISE
Liquidation In Amalgamated Saps
the Markets. Strength and Cen
ernl Relapse Follows.

New York, March 12.-The movement in the
prominent stocks at the opening was mar
row and irregular but. many of the minor.
stocks, although irregular, moved widely.
There We're gains of a large fraction in the
Chicago Terminal Transfer stocks, Mexican
Central, Virginia Chemical ana
Wisconsin Central. The opening sa:es Of the
last named We're Of 10000 shares at "A ana
23le, compared with 231a, last nights closing.
Wheeling & Lake Erie first preferred dropped,
TX and Sugar a point.
The market developed. steadier tone and
then improved substantially in spots, despite
a break of over points in Amalgamated.
Low priced stocks were again foremost III
the rise, but the upward movement also in
Guided Missouri Pacific and Sugar the slasc
named recovering it's decline. Colorado q
Southern first and second preferred, Wis
consn Central, Peoria & Eastern, Readina
second preferred, Cotton Oil and Virginia
Carolina Chemical preferred, advanced be-
tween / and 2 points. Virginia Carolina
Chemical rose 212 and Iowa Central lost a
point \
The liquidation in Amalgamated Copper
Slapped the strength Of the market and there
was general relapse, some stocks losing 3
point or more from the best. These included
Sugar, American Cotton Oil and Colorado g.
Southern second preferred and Missouri Pa
cifc. Losses of from l to 2 points were made
also by Anaconda, International Paper, Den
yer & Rio G,ande, Minneapolis & st. Louis,
Iowa Central preferred, United States Rubber.
Peoples Gas and American Ice. The trans
continental stocks were supported at about
I last nights level and the market became
very dull.z-
The entire market responded to large buy
ing of the Reading stocks. but many of the
more important stocks moved rather nal .
rowly. TheAReadings gained from i and l1s
to 21s with the second preferred leading, and
Delaware G Hudson, st. Paul; Chicago
Great Western preferred B, Manhattan, Rock
Island, International Power, Hooking Val
ley, and Republic Steel preferred, advanced
between and 2 points. Peoria & Eastern
was bought heavily ard rose points. North,
western fell off ~ and rallied IL. Railroads
! generally ruled at the best prices of the
day., but some of the specalties did not
recover to their top figures.
There were. number of notable advances
after 1 o'clock but the market continued
! spotty. General Electric jumped 4as, Consoli-
| dated Gas PA, and there were gains Of a
point or more in New York Central, Chicago
/ & Alton. Ontario & Western. Wheeling &
1 Lake Erie second preferred, kanawha &
Michigan. Evansville & Terre Haute, Cotton
Oil preferred and Westinghouse Electric + A
I renewed decline in Amalgamated Copper to
3ssc under last night unsettled the market
again. 5.'.h 49,
| The Readings made some further advances
and there were gains ofs-s to points in
| Westinghouse Electric, North American, the
! Virginia-Caroina Chemical stocks and Cot
ton Oil. Advances reached from to 2 for
Erie second preferred, Missouri Pacific. Des
Mones & Fort Dodge and Cotton Oil pre-
! ferred Traders then took their, profits and
caused a reaction. Consolidated Gas lost
about 2 points and others large fractions
Ana loon fed OBJ OH INF tr
its loss, which reached 4as. 4 The closing was
dull and steady.
! Bonds were irregular. ---~- -,-,- -.
i Stock quotations reported for The Journal
by Watson & Co., Chamber of Commerce,
Minneapolis.