The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-23
REGULAR OLDTIME BULL WHEAT NARKETMANY WANT STOCKS
Demand in Wall Street Active and
Well Distributed.
USUAL EARLY DECLINE COMES
Decided Droop in the Last Hour,
With an Active and Heavy
Closing.

New York, April 2S.-There was an active
and well distributed demand for stocks in
the opening dealings. Especially heavy
BLOCKS were taken of the grangers and the
Paclhcs The strength of Atchson was most
conspicuous, with a gain of IL. Sugar and
Detroit Southern made an equal gain and
there were large fractional advances else
where. New York Air Brake dropped 21s
and Nashville, Chattanooga & st. Louis
points. fs
The market leaders declined after the open
Ing, the reaction running to point in Sugar,
Atchison: and Canadian Pacific. Sugar rail-
lied and there was arise of III in Manhattan
which steadied the market. There was
considerable reduction in the volume Of deal
ings, but more doing in minor stocks. Cotton
Oil preferred, Virginia Carolina Chemical,
the Linseed stocks, the Bicycle stocks, Inter
national Silver preferred, International Power,
General Electric the Toledo, ST.. Louis &
Western stocks, the wisconsin Central stocks,
Detroit Southern preferred, Chicago, Indian
apolis & Louisville, Long Island and Grass
Irvine rose l and, points. Reading first
preferred and Texas & Pacific also gained
point and Northwestern 3. Nashville, Chat,
tanooga & St. Louis recovered 5S St. Louis
& San Francisco lost ~ and rallied point.
The strong opening in the wheat market
made stocks turn heavy again.
Manhattan reacted a point when the grain
carrying roads declined, but the general move
ment was soon arrested by bidding up of the
coalers. The Readings, the Fries and New
Jersey Central rose l to +21s, Reading leading
and holding the market, which became dull.
Nashville, Chattanooga & st. Louis recov-
cred all of its S-point break and "a in addl-
ton and Louisville rose IN, Metropolitan
Street Railway showed strength and certifi-
Gates for Metropolitan securities with the
fire n 40
Colorado Fuel moved up a point and Sugar
and Amalgamated werein good demand. New
York, New Haven & Hartford gained Az,
Brooklyn Union Gas and Consolidated Gas
2. The whole market improved towards noon.
Traders sold the western, Pacific and
southwestern stocks and they declined to the
lowest. The coalers also fell off but retained
good margin of net gains. The specialties
moved widely and 3irregularly Brookly n
Union Gas made its gain 10 points and Nash
vile, Chattanooga & St. Louis reacted AZ.
New York Air Brake lost Z in ALL.
Prices began to sag, establishing net losses
of / to 2 for Missouri Pacific, Rock Island,
Illinois Central, Colorado & Southern and
Kansas City Southern stocks, New York
Central and Wooden preferred. Reading re-
acted 1la, st. Paul g. Omaha preferred dropped
s. but rallied. 8 and Northwestern lost it's
3-point rise. An advance Of ~ by Tennes-
see Coal: and a rise te9 81 by Amagamated
steadicd the market somewhat. 81
There was ar upward movement in the
minor metal stocks; but it amounted to a
point only in Smelling International Silver
preferred rose 37sa Pressure continued at
other points and the decline from last night
reached a point and over 51n4 Union Pacific,
st. Paul and st. Louis Southwestern pre-
ferred. Chicago Terminal dropped TX and
preferred ~. New Jersey Central lost a
21z-point rise. New York, New Haven &
Hartford reacted 2 and Nashville, Chatta-
nooga & st. Louis 81. Sugar shot up later
in the day to 127 Tennessee Coal recov-
cred to 1875 and Republic Steel rose ~, but
without much effect on the rest of the mar
ket. The closing was moderately active and
heavy.
Bonds irregular. IL
Stock quotations reported for The journal
by Watson & Co., brokers, Chamber of Com
merce, Minneapolis.
Closing figures are bid.