The Minneapolis journal., 1902-04-17
BUY WIS. CENTRAL
Wall Street Operators Do This With
Great Freedom.
MATERIAL RISE IN THE STOCK
Wisconsin Central slumps in the
Last Hour-Active and Ir-
regular Close.

New York. April 17.-Enormous buying or.
ders were executed in various stocks, notably
among the coalers and Wisconsin Central,
and prices rose throughout the list. Opening
sales OF Reading were of $4,000 shares at
60h@6OR, compared with 5972 last night, and
1900 shares Of Wisconsin Central were sold
simultaneously at 2Sk@2S, compared with
27A last night. Colorado Fuel opened wide
at 104@105, compared with 1925 last night.
International Power jumped and Iowa Cen
tral preferred 21s, and there were gains of
point or upwards in number of other stocks.
Amalgamated Copper opened down a sharp
lracton, Northwest point and Southern
hallway quarter, but this did not affect the
general strength Of the market.
The opening strong stocks showed effects
OF proft-taking, Wisconsin Central reacting
las, Sugar nearly a point and St. Paul selling
under last night. The coaers held WELL
Reading rising to 61B, but the Pacifics. the
soft coalers and some of the southwesterns
yielded There were gains of between and
points by some less active stocks, the more
important OF which were Canadian Pacific,
tennessee Coal Chicago, Indianapolis & Lou
lsvllle, Cleveland, c., C. & st. Louis the
Chicago Great Western stocks and the Chi
cago Terminal stocks. The United States
Steel stocks were taken up and gained about
point each. Amalgamated Copper recovered
Its decline and Manhattan rose nearly point.
American Express gained 3, United States
Express and North American w. and Iowa
Central preferred extended its rise to g. Fort
Worth & Denver City stamped rose ~. In
ternational Power continued its remarkable
rise to 1856. Louisville was sold down to
25s, to 122k, and the Southern Railway stocks
were quiet and "a shade under the opening.
Northwestern lost points.
Inc high priced coalers came into the ad-
vance, Lackawanna jumping 61s, New Jersey
Central and Delaware & Hudson 2 Rock
Island also lifted III and Atchison 1.
Selling of Amalgamated Copper carried it be-
low "a and weakened other stocks. Southern
Railway fell to S6 and the advance in many
other prominent stocks was wiped out or re-
| duced. international Power broke g.
| The midday dealings were On an unusually
| large scale and their movement was very
| feverish The Reading stocks were bought in
immense blocks and reached their top level
| the common touching 6154 and the second
preferred 7O5s International power rallied
! 5 points to 153 and Colorado Fuel was pushed
| up again to near 106. Ontario and Western
made gain Of IL but the high priced coalers
were lower. Louisville spurted from 122E
to l26A and large blocks of Southern railway
were bought bringing it above g. Heavy
buying of Amalgamated began simultaneously
with the announcement of the reduction o.
|
and the stock mounted to 66. Traders solo
| Sugar, the Pacifcs, Manhattan and thu
grangers under coverzof this strong ,lnovemen
and drove st. Paul down to 169a
/ The market became queter and there wer,
some reactions. Amalgamated after touch
| ing 66A fell back below 65. Nashville Chat
tanooga St. Louis was rushed up point
4 and Now York Air Brake .6A. Denver & Ri.
Grande 2h. Pittsburg, C. G. & St. Lou
American Locomotive ard International Si]ye
|119@2. iNationaT Salt dropped and Pullman
IL. There was some recovery in prices
Reading rising to 81. al
There was a pretty general reaction or
profit taking notwithstanding advances Of 81
in Snuff in Buffalo, Rochester & Pittsburs
and of 1 to in Denver & Rio Grande pre-
ferred, Locomotive preferred, Western Unio1
and some minor stocks. Wisconsin Centra
| fell back below last night Internationa
Power and Rubber Goods lost 8 each ant
! Reading, Locomotive, Denver & Rio Grande
| Colorado Fuel, Wisconsin Central preferred
and Tennessee Coal reacted a point or more
| There was afterwards strong rally in Colo
rado Fuel to 10712, Louisville to 1854 ant
| Atchison to "a. This checked the declin,
l elsewhere, but did not cause any materia
recovery. The closing. was active and irreg
ular. ys-
Bonds were irregular.
Stock quotations reported for The Journa
4 by Watson & Co., brokers, Chamber of Com
merce, Minneapolis.
I Closing figures are bid.