The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-07
STOCKS ARE LOWER.
Business Small and Cables Depress-
ing in Nature.
DULUTH, S. S. & A. AN EXCEPTION
arrangements of Gold for Export
Give Rise to Hesitancy and
Uneasiness.

New York, April THE influence of Sat
urday's bank statement and lower prices for
Americans in London this morning caused
iractional declines in the principal railroad
STOCKS and internationals. st. Paul fell u,
colorado Fuel a point and Anaconda 11a. New
York Central rose V and there were fractional
gains among minor stocks
BUSINESS was small for a time and leading
STOCKS did not vary much from the opening.
metropolitan Street Railway advanced lh, but
tnere was no decided response elsewhere, act
I've stocks moving feverishly either way.
United States Express rose 8, Chicago & AL
ton l3s, New York, New Haven G. Hartford 1
and Duluth, South Shore & Atlantic preferred
l7s. Onsetting these were Losses of 1@ls in
st. Louis San Francisco, Hooking Valley,
tennessee Coal, Northwestern, Union Bag
preferred, North American and Ann Arbor
preferred. Westinghouse Electric jumped ia
to 2oo and reacted five. The hesitancy of the
general market was caused by uneaslness over
The money outlook following the announce
ment OF the engagement Of 81, SOC, 900 gold for
export.
Professional bears made a general attack on
prices and by concentrating their selling
against ST. Paul. Louisville, Union Pacific anu
Readlng the market was made to sag in all
directions. Losses Of from to points were
made by some stocks in most of the leading
groups. There were a few minor exceptions.
United States Express and American Express
rising Az and AZ respectively and cotton oil
preferred l.. Northwestern broke 3N and
North American 2H.
When the selling had expended itself there
were rallies which reacted a point or moro
IN some cases. Manhattan rose point over
saturday. There were gains of point by
Nashville, Chattanooga & st. Louis, Bicycle,
Grass Irvine and New York Dock and OF
! points by Knickerbocker and Erie preferred,
Spring lost each
Vigorous bidding aup of Amalgamated
alarmed the short interests and they bought
neaVlly,. carrying the price ~ above last
weeks close. Anaconda rose in sympath;
and wiped out it's loss Of ~. The genera,
list was neglected but was slightly better
Denver Rio Grande recovered it's loss ana
there was demand for the Duluth, South
Shore & Atlantic stocks which lifted the COM
mon l and the preferred 21s. Amalgamated
reacted a point later without disturbing the
steadness of the other STOCKS
There was an advance of Is in Wisconsin
Central and w in the preferred, but selling
was actively renewed in the general market,
carrying st. Paul, Louisville & Nashville and
Union Pacific lower than before The av-
erage OF prices receded again in sympathy
but the earlier low point was not materially
exceeded except in few cases. American
Ice preferred last 3ss, Railway Steel Spring
2k, st. Paul preferred ~, Rock Island,
American Wooden preferred 21@ and Interna-
tional Pump preferred, 500 and New York,
Chicago & ST. Louis 2 each Amalgamated
Copper rallied to the top. The closing was
active and easy and generally at the lowest.
Bonds were steady and active.
Stock quotations reported for The Journal
by Watson 4 Co., brokers, Chamber of Com
merce, Minneapolis:
Closing figures are bid.