The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-07-16
STEEL COMES OUT
Enormous Offerings Meet higher
Bids This Morning. n.
EARLY BUYING WAS HEAVY
Chicago q Alton Advances strongly
and Pullman Jumps
Six. lsy5

New York. July 16--Heavy buying was In
evidence in various portionssof the list at the
opening, advancing prices a fraction all
around In the Steel stocks the individual
blocks ran as: high as 1900 shares, the COM
mon rising rs and the preferred sa. Chicago
& Alton and Tenn essee Coal rose over a point,
Atchison preferred about d point and Anal
gamated Copper a large traction. IA sale of
1000 shares eof. st. Paul carried 1t off a frac-
ton, but the purchase of another 4 600 shares
carried 1t up again, sF3s sE >s
Opening gains In the principal grain carry
ing stocks were pretty well wiped out when
the traders realized Enormous offerings met
the higher bids for United States Steel stocks.
Chicago Alton was advanced2vigorously, the
price touching 1875, q rise over night Hoft2ssss.
The preferred also rose a point. Some minor
stocks We're lifted, Great Northern preferred,
the Chicago Terminal stocks, New Haven Ice
preferred, Third Avenue, Detroit Gas and In
ternatonal Silver advancing 1@1h. q Pullman
jumped g. General Electric lost IN and Hook
ing Valley nearly a point RI Near II o'clock
the loW-priced southwesterns and the Read
ings were bid UP slightly and the market
steadied. - .z.{>- %Nis53zsr - ;. $; - s44<e
There was an irregular advance in prices,
few stocks rising above the opening, while
others fell trihe short Realizing caused
one point reactions in Rock Island, St. Louis
the last named rising again, over 3 points.
The Reading. Delaware & Hudson, Erie first
and second preferred, Chicago, Great West
ern, Texas & Pacific. Kansas & Texas pre-
ferred, St. Joseph & Grand Island first pre-
ferred,~ Brooklyn Transit and Colorado Fuel
rose point or over and New York Central
advanced to 100. Missouri Pacific took up the
advance at IL o'clock. Bonds were steady.
Blocks OF 1000 and 1000 shares were bought
freely Of Chesapeake & Ohio, Southern Rail
way, Texas & Pacific and Southern Pacific,
advancing these stocks from 70 to w. Chi
cago & Alton gained points on a heavy
demand and there was general rally to the
best by the Changers and Pacifcs. New Jer-
sey Central gained points
The advance in Chesapeake & Ohio carried
it to 81 with some influence. upon Norfolk
& Western The local fractions rose from
to IN; New York Central, 21s. and Texas
Pacific Land Trust jumped ,3A. There was
a drop of about 2 in Rock Island and in
Nashville, Chattanooga, 4 st. Louis. g. The
body of the market made no further appre-
ciable fluctuation.
Fresh buying orders came in the market
in the final hour when ST.. Paul moved uI
point and prices generally rose to the best
The gain in Chesapeake & Ohio reached ~
Tennessee Coal, 23s; Colorado Fuel, IN, and
Norfolk & Western, Erie, Toledo, ST., Louis
& Western, Colorado Southern second pre-,
| ferred, Arnalgamated and Sugar, / to w
Rock Island rallied ~ and General Electric
~. Room profit taking took the top of
prices, Chicago & Alton reacting a point
The closing was active and Irregular
Stock quotations reported for The Journa
by Watson & Co. Chamber OF Commerce
Minneapolis. -. - ~
Closing figures are bid