The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-07-24
A HIGHER OPENING.
Excitement in the Fuller Construc-
tion Stocks.
SHARP RALLY AND REACTION
Louisville, st. Paul, Sugar and
Rock Island vigorously
Traded In.

New York, July 24-Opening prices were
generally higher. the more prominent stocks
rising a small fraction and gains reaching
the neighborhood Of point in some less
conspicuous securities, notably Kansas g
Texas preferred, Canadian Pacific Louisville,
New York. Chicago & st. Louis second pre-
sferred, and Sugar. There was feverish
opening In the Fuller Construction stocks,
100 shares of the common selling at $50
631s, compared with 611s last night. The
price subsequently advanced to "a. The pre-
{ferred stock was up 2 points.
The price movement was ftful and un-
certain. st. Paul and Rock Island fuctuated
in an erratic way above and below yesterday S
close, the latter rallying from 1894 to 1872.
Atchtson, Missouri Pacific, Union Pacific ana
Great Northern preferred were consistently
firm and, the two last-named gained over
point each. Sugar rose to 1874 and colorado
Fuel, Tennessee Coal ana Detroit United
Railway ruled about a point higher. United
States Steel stocks were heavy The local
fractions group was depressed and there was
a sharp reaction Of the Fuller Construction
stocks. Louisville was 3 points higher at
IL o'clock. but other stocks were easing on
Rock Island Reaches 200:
The decline lowered Chesapeake & Ohio
to 81 and reached a point in Louisville,
Sugar, Hooking Valley and few minor
stocks There was violent rise to. 200 by
Rock Island, from which the price dropped
3. St. Paul and Texas & Pacific rose over a
point EACH and Southern Railway and some
of the Southwesterns large fraction. Chesa-
peake: & Ohio rallied ". At other points
there was active realizing and dropping ten
dency. Ice preferred improved 2A, but
Northwestern extended its decline to 5A.
New Haven lost s. The whole market was
easier at noon. "'" J ".-5
The reaction carried Rock Island to 1856
and prices generally fell below last nights
level. St. Paul after touching 1876, rose again
to above 1876 with some sympathetic effect
upon the market. Linseed preferred advanced
2 and St. Louis & San Francisco second pre-
ferred, III. Delaware & Hudson lost g.;
Wheeling & Lake Erie first preferred, /, and
reactions reached point, or more in Anal
gamated. Locomotive, Chicago & Alton,
Union Pacific preferred and Manhattan.
st. Paul was bought in large blocks and
sold at 1884,, an advance of AZ. Union Pa
cifc and Missouri Pacific joined the advance
and touched 11o% and 1854 respectively. The
movement was feverish at other points,
special stocks yielding on prof1t-taking and
the Fries, fractions, New York Central and
Readings were heavy. The transcontinental
stocks reactedf later;t ST. SPaul losing over
a. point --.-~s> -. ,--~-.---.--r4,..,s .
There was enormous speculative. liquidation
under cover of the rise IN St. Paul, and
when that stock, reacted 2 points the whole
list gave; way Declines from last night $
level reached i to ~ in the local fractions,
the Atchisons, New York Central, Pennsyl-
vania, Baltimore & Ohio, Chesapeake & Ohio,
St. Louis Southwestern, Peoples Gas and
other less prominent stocks There were ad-
vances of 31k in American Express and ~
in St. Louis q San Francisco and General
Electric rallied 21s. Efforts were made to
rally st. Paul, but it fell back again and
the closing was dull and easy. ,.-
g Bonds were. steady. b S@,N% -4 ~
| Stock quotations. reported for The Journal
! by Watson & Coz, brokers, Chamber of Com
| merce, Minneapolis: rs -
| Closing figures are bid. il ~ ~ :