The Minneapolis journal., 1902-07-25
MARKET IS SPOITY
Interest Shifts Rapidly From One
Stock to Another.
ROCK ISLAND IS ERRAT1c
Southern Group Played Up Mt one
Time-Anaconda Drops
Four Points.

a New York, July 25.-There was much conf,-
sion and irregularity in the opening move
rnent yof prices, indicating continuance Of
yesterdays mixed realizing and buying St.
Louis San, Francisco shotfup Az and South
ern Pacific on running sales rose an extreme
*. Louisville g.. Nashville and Atchison pre-
ferred made good fractional gains. Among
the losses Baltimore & Ohio and Sugar were
conspicuous with a large fractional decline.
Rock Island opened Off y and rallied point.
The grangers, fell into the background in
point Of speculative interest. and the south
ern group was brought forward as leaders.
Louisville headed this division with rise of
aA and Illinois Central moved up 2as stimuli
taneously. st. Louis & San Francisco second
preferred and Nashville. Chattanooga & St.
Louis gained over a. point Some of the south
westerns were heavy, and Rock island was
very erratic on point range. The market in
general was spotty and interest shifted from
one stock to another, Other strong stocks
included Amalgamated, Tennessee Coal, Chi
eagoi & Eastern Illinois, Denver & Rio Grande,
Pacific Mail and Fuller Construction. which
was point or 50 letter. Sugar wiped out its
loss. Declines reached points in Anaconda
3 IN Rubber Goods preferred and 1 in Grass
Twine and Kansas City Southern preferred
Prices all around were lower at II o'clock,
st. Paul, Rock Island, Illinois Central and
Louisville reacting from to 1% Union Pa
cifc and Atchison fell below yesterdays 8
| close. ..l.
The market continued very uneven, stocks
rising vigorously in new quarters, while 9TH
ers suffered from liquidation. Western
Union made an abrupt decline Of 31s, New
York Air Brake. General Electric TX, and
Great Northern preferred 11s. Meanwhile the
st. Louis & San Francisco stocks were rising,
the common touching 75H The regular lead
ers moved itfully until the eastern trunk lines
and Missouri Pacific took the lead. The pur-
chases OF these stocks We're very large re-
sulting id a gain of 2A lnsNew York Central,
FIX in Pennsylvania and IN in Missouri Pa
cthc. The grangers and southern stocks
Joined the rally, St Paul reaching 1895, it's
best figure of the movement. The Pacifcs
improved, and Manhattan and Brooklyn Rapid
Transit showed strength. .4..-- -.
| Prices reacted to the extent OF a point in
st. Paul, Pennsylvania, New York Central
and St. Louis & San Francisco. Missouri
Pacific held Arm and Manhattan and Chesa-
| peake & Ohio continued, their advance. There
| were gains of 1 to 2 points in North Western,
| Colorado Southern and the first preferred,
| Pittsburg, Chicago, Cleveland & St.. Louis,
Republic Steel and Tennessee Coal, and 21A
! in Westinghouse Electric. New York Cen
| trail and Louisville rallied again to the top
| and prices elsewhere hardened ... .~
The Atchisons and Southern Railway, which
| had not been moved earlier, were taken in
| hand and lifted a point or over. Missouri
racine also CCutluuSQ LII uQWaTu anu iSdCueu
| 1181a, and New York Central was higher.
Elsewhere the movement was hesitating and
| some important stocks dropped. Rock Island
|. declined from the highest. touching 1876.
Missouri Pacific reacted point later, and by
| O'clock the market was generally on the
! down grade. "A Hs&& -. -s.<>,. = =
| Prices ran on in the Anal hour, St. Paul
receding to 1874 The reaction ran to 1A in
| Missouri Pacific IN in New York. Central,
and a point in Manhattan and Illinois Cen
trial = Rock Island rallied Q, but was very
| feverish, and Rubber goods preferred rallied
| 5. Chicago & Eastern Illinois rose 3A; Dia-
| mond Match, ~ :. st. Louis San Francisco
hrst preferrsd' ~; Rubber Goods and Kan t
sas City Fort Scott and Memphis preferred,
11s, and Denver & RIO Grande preferred, N.
New York Air Brake lost s. and Delaware &
7 Hudson and WWhWee1ing and Lake Erie
first preferred a point Some stocks were
bid up again, but the closing was dull and
| Irregular - - &
Bonds wereFs steady at noon. l. j., =.
stock quotations reported for The Journal
by Watson &sstCo., brokers, Chamber OF Com
merce, Minneapolis, MINI. =
| Closing prices are bid